6 Cockayne Street South, Allenton, Derby, Derbyshire DE24 8JT

An investment opportunity to acquire a 3 bedroom semi- detached house within a highly sought after and popular residential area.

With an excellent opportunity to add significant value this property requires some cosmetic upgrading and refurbishment and once renovated will command a handsome yearly rental income in the region of £12,000 offering an excellent return of investment of 12% against the guide price.

Locally, there is a strong demand for buy to let properties in the area, which also has a wide range of local amenities, shops and transport links close by.

The property in brief comprises of a lounge, kitchen/diner, D/S WC and store, to the first floor are 3 bedrooms and shower room. Externally there is ample generous sized shed/workshop as well as gardens to the front and a large garden to the rear

Viewing comes highly recommended as does watching our walkthrough video by clicking on the virtual tour.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £1,500 inc. VAT

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.