Modern Method of Auction
Auction date not yet published
2-bedroom semi-detached house · DE7 6EE
For saleReduced £5k (−4%) on 16 OctListed 42 days
Opportunity summary
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About
Being Sold via Secure Sale online bidding. T&Cs apply. Starting Bid £125,000, Renshaw Estates offer this two bed + loft room semi-detached, No Chain, popular location, Driveway!
Entrance Hall UPVC double glazed door, stairs. Lounge (3.67 m x 3.40 m (12'0" x 11'2")) UPVC double glazed window, radiator.
Kitchen Diner Dining Area (3.65 m x 3.65 m (12'0" x 12'0")) UPVC double glazed stable door, radiator, storage cupboard, tiled floor, opening into..
Kitchen Area (2.36 m x 2.36 m (7'9" x 7'9")) UPVC double glazed window, wall and base units, worktops, upstands, sink, electric oven, gas hob, tiled flooring.
Bathroom (2.32 m x 1.41 m (7'7" x 4'8")) UPVC double glazed window, chrome heated towel rail, bath with mixer shower taps, vanity wash basin, WC, tiled walls and floor, spotlights.
Landing Bedroom (3.68 m x 3.68 m (12'1" x 12'1")) UPVC double glazed window, radiator, fitted wardrobes, cupboard housing Ideal combination boiler.
Bedroom (3.66 m x 3.43 m (12'0" x 11'3")) UPVC double glazed window, radiator, stairs to... Loft Room (5.54 m x 3.63 m (18'2" x 11'11")) Double glazed Velux window, power sockets.
Outside Front: Tarmac driveway. Rear: Enclosed garden laid to lawn with slabbed patio and secure outbuilding with power and light.
Shed (3.66 m x 2.45 m (12'0" x 8'0")) EPC Information Energy Efficiency Rating = D Current Council Tax Band A Auctioneer Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
Auctioneer Comments The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers’ obligations and sellers’ commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneer Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services. Mortgage & Solicitors We have you covered with everything under one roof.
Please get in touch to discuss how we can help with your mortgage and your conveyancing with our recommended solicitors.
Anti Money Laundering In order for us to comply with current regulations, we will require evidence of identification for any prospective purchaser.
We ask for your prompt co-operation so as not to delay the negotiation or sales process. Additional Information These particulars do not constitute any part of the offer or contract.
All measurements are approximate.
Any mentioned appliances and services to be included in the sale have not been tested by ourselves and accordingly we recommend that all interested parties satisfy themselves as to the condition and working order prior to purchasing.
None of the statements contained in these particulars or floor plan are to be relied on as statements or representations of fact and any intending purchaser must satisfy themselves by inspection or otherwise to the correctness of each of the statements contained in these particulars.
The vendor does not make or give, neither do Renshaw Estates nor any person in their employment have any authority to make or give any representation or warranty whatsoever in relation to this property.
We are members of the Property Redress Scheme:
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
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.
Area
Agent & docs
FAQ
About 50, Main Road, Ilkeston
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