Mondello Drive

Alvaston, Derby

2 Bedrooms

1 Bathroom

Apartment

Guide price £80,000
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Guide price £80,000
EPC
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EPC

Property Details

Key features

  • Sale by Modern Auction (T&Cs apply)
  • Subject to an undisclosed Reserve Price
  • Buyers fees apply
  • Newly Fitted Breakfast Kitchen
  • Currently a 10% yield
  • Two Double Bedrooms
  • Newly Fitted Bathroom Suite
  • Car Parking To Front

Council Tax Band: A

Tenure: Leasehold

    Leasehold Information:

  • Number of years left on lease: 57 years
  • Annual service charge: Contact branch
  • Annual ground rent: Contact branch
  • Annual ground rent review period: Contact branch
  • Ground rent increase: Contact branch

SOLD WITH TENANT IN SITU AT £825 PCM . A great opportunity to accquire this two bedroom fully renovated first floor apartment with car park to front, in the ever popular location of Alvaston.

A two double bedroom first floor apartment in a cul-de-sac location in Alvaston and is offered for sale with no upward chain. The property has been fully renovated by the current owner to a beautiful standard and offers an excellent purchase for a investor. The accomodation in brief comprises, communal entrance with stairs to first floor leading to doorway to apartment, inside the apartment is an open plan kitchen, lounge with dining area, two double bedrooms and bathroom. Outside can be found a carpark to the front of the property and a communal grass area to the rear. The property is well placed for access to local amenities, schools and road links with Derby City, the A52 and A50. An early internal viewing comes highly advised.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.


Accommodation
Entrance hallway
With door to front, access to open plan kitchen, lounge, diner and doors off to bedrooms and bathroom.

Open Plan Living Kitchen 13' x 20'4
Kitchen area with white laminate worktops with breakfast bar, built in electric oven with grill over, built in fridge/freezer, built in Hotpoint dishwasher, built in Indesit washing machine, sink with mixer tap and drainer, heated towel rail and window to side.

Lounge/Dining area with electric storage heater, wood effect laminate flooring, TV point and window to front.

Bedroom One 9'10 x 10'09
With wardrobe/storage cupboard, electric storage heater and window to rear.

Bedroom Two 7'06 x 9'09
With wardrobe/storage cupboard, electric storage heater and window to rear.

Bathroom
Newly fitted bathroom suite with bath with electric shower over, wash hand basin, low level w.c and storage cupboard and window to side.

To the outside of the property you will find a communal car park and a grass area to the rear of the property.

SOLD WITH TENANT IN SITU AT £825 PCM . A great opportunity to accquire this two bedroom fully renovated first floor apartment with car park to front, in the ever popular location of Alvaston.

A two double bedroom first floor apartment in a cul-de-sac location in Alvaston and is offered for sale with no upward chain. The property has been fully renovated by the current owner to a beautiful standard and offers an excellent purchase for a investor. The accomodation in brief comprises, communal entrance with stairs to first floor leading to doorway to apartment, inside the apartment is an open plan kitchen, lounge with dining area, two double bedrooms and bathroom. Outside can be found a carpark to the front of the property and a communal grass area to the rear. The property is well placed for access to local amenities, schools and road links with Derby City, the A52 and A50. An early internal viewing comes highly advised.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.5% of the purchase price including VAT, subject...

While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.

(1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
(2) These particulars do not constitute part or all of an offer or contract.
(3) The measurements indicated are supplied for guidance only and as such must be considered incorrect.
(4) Potential buyers are advised to recheck the measurements before committing to any expense.
(5) Ashley Adams has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
(6) Ashley Adams has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

MORTGAGE CALCULATOR

Our handy mortgage calculator helps you to estimate what your monthly repayments could be. * Terms and conditions apply.

Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable.

If you would like guidance on the right mortgage for you, we recommend booking a mortgage appointment and speak to one of our mortgage consultants who will be more than happy to help.

** The 4.7% annual interest rate is based on the Connells Group average mortgage interest rate taken from the period of 01/01/2024 – 01/03/2024 and is correct as at 07/03/2024.

A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.

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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE. LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP. **THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.

A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.

 
 

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.