This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
2 bedroom Mid Terrace House for sale, King Street North, Derbyshire, S41
Features and Description
- For sale by Modern Auction
- Fees Apply
- Popular Location
- Ideal Project
- Investment Opportunity
- Two Bedrooms
** PERFECT INVESTMENT **
** OPEN HOUSE VIEWINGS - Saturday 12th July - Call today to secure your place **
**STARTING BID £110,000**
The next property to add to your BTL portfolio or as your next flip project. This property offers an excellent margin for refurb and resale or a high rental yield of circa 7%. Comprising of; Lounge, dining room, kitchen, downstairs' bathroom, porchway. Three bedrooms upstairs, the third is located off the second room.
Overview
Exceptional Investment Opportunity – Ideal Buy-to-Let or Flip ProjectGuide Price: £110,000We are delighted to present this outstanding investment opportunity, perfect for those looking to expand an existing buy-to-let portfolio or embark on a rewarding refurbishment and resale project. Priced attractively with a starting bid of just £110,000, this property represents excellent value and offers substantial potential for capital appreciation and strong rental returns, with an estimated gross yield of approximately 7%.The property boasts a generous and versatile layout. Upon entering you are welcomed into a spacious lounge that offers a comfortable living environment. This leads into the kitchen/dining room, ideal for entertaining or for use as an additional reception space. The kitchen is well-sized and offers ample scope for modernisation, making it a prime candidate for value-enhancing improvements. Also located on the ground floor is a conveniently positioned family bathroom.Upstairs, the property comprises three bedrooms. The principal and second bedrooms are both of a good size, while the third bedroom is accessed via the second, making it an ideal space for a home office, dressing room, nursery, or guest room, depending on your needs or the preferences of potential tenants.With the right refurbishment, this property could easily be transformed into a high-performing rental asset or a desirable family home for resale. Situated in a popular and central area, the location is likely to appeal to a wide range of tenants or future buyers, further enhancing its investment appeal.Opportunities such as this are rare at this price point, and early viewing is strongly recommended to fully appreciate the scope and potential this property has to offer.
Lounge
12'1" x 11'9" (3.68m x 3.58m)
Kitchen
12'1" x 11'11" (3.68m x 3.63m)
Bathroom
6'9" x 6'3" (2.06m x 1.90m)
Bedroom
12'1" x 12'0" (3.68m x 3.66m)
Bedroom
12'1" x 12'1" (3.68m x 3.68m)
Bedroom
10'8" x 6'9" (3.25m x 2.06m)
Oubuliding
15'11" x 6'3" (4.85m x 1.90m)
Auctioneers Comments
Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. To arrange a viewing or for more information contact the branch today!
Agent Notes
To be able to purchase a property in theUnited Kingdom all agents have a legalrequirement to conduct Identity checks on allcustomers involved in the transaction to fulfiltheir obligations under Anti Money Launderingregulations. We outsource this check to a third party and a charge will apply. Ask the branchfor further details.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
King Street North, Derbyshire, S41

Additional Information
-
Property refCHS250147
-
EPCC
-
TenureFreehold
-
Council TaxA
-
Local authorityChesterfield Borough Council

Similar properties for sale by Reeds Rains Chesterfield












The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
69Potential
87CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs