Modern Method of Auction
Auction date not yet published
5-bedroom detached house · DE11 7AE
For saleListed 320 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire two neighbouring semi-detached homes in one auction lot, situated in a sought-after position in the heart of Hartshorne.
Offering exceptional scope for improvement, redevelopment and long-term investment, this unique package will appeal to developers, investors and buyers looking for a substantial project with outstanding potential.
The first property is a two bedroom semi-detached home arranged over two floors, featuring a lounge and kitchen on the ground floor with two well-proportioned bedrooms above.
The second property is a three bedroom semi-detached home with a far larger footprint, including multiple reception rooms, a ground floor bathroom, study, dining room and a spacious first floor layout with three bedrooms.
Both homes require modernisation throughout, but together present an excellent opportunity.
Buyers may choose to renovate and let as two separate dwellings, refurbish and sell individually, or explore the possibility of combining them into one impressive detached residence, subject to the necessary consents.
The properties occupy a generous plot and include several outbuildings along with an old stable, adding further scope for storage, conversion or redevelopment, again subject to planning permission.
Located in a popular and well-regarded village with convenient access to local amenities, countryside walks and transport links, this is a compelling prospect for anyone seeking a project with significant potential.
Offered for sale by auction as one lot, early viewing is strongly recommended to appreciate the scale of opportunity available.
Measurements for 69a Kitchen - 3.20m x 2.97m Reception room - 4.17m x 3.89m Downstairs bathroom - 1.40m x 1.05m Bedroom one - 3.96m x 2.62m Bedroom two - 4.06m x 3.71m Store room - 2.80m x 2.48m Washroom - 4.55m x 2.19m Measurements for 69b Kitchen - 2.97m x 2.77m Dining room - 3.96m x 3.18m Lounge - 3.68m x 3.12m Study - 3.20m x 2.21m Sitting room - 3.15m x 2.87m Downstairs bathroom - 3.10m x 1.88m Bedroom one - 3.68m x 3.43m Bedroom two - 3.66m x 3.18m Bedroom three - 3.05m x 2.84m This property is sold subject to payment of a non-refundable reservation fee of 4.5% to a minimum of £6,600.00 including VAT.
Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.
This property is being sold under the Modern Method of Auction, which requires the Completion of the purchase within 56 days, although all reasonable endeavours must be made to Exchange Contracts within immediately following the Draft Contracts being received by the Buyer's Solicitor A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer.
This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 56 day period following the auction or the date of acceptance of the offer.
Buyer Information Pack If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £349.00 (including VAT) towards the cost of the preparation of the pack.
These can then be used by your solicitor to progress the sale.
Buyer Fees There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as: You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs.
If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions.
Please call the number below for more information. Stamp Duty Land Tax (sdlt) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.
Please click here for more information.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
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Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 69a-b, Repton Road, Swadlincote
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