90 High Street, Riddings, Alfreton, Derbyshire DE55 4BJ

** INVESTMENT OPPORTUNITY **

An excellent investment opportunity in Riddings, Alfreton, Derbyshire, this two-bedroom mid-terrace house comes with a long-standing tenant paying £610pcm. Offering scope for rent increases and capital gains through refurbishment, it's ideally located near amenities and walks.

Presenting a superb investment opportunity, this two-bedroom mid-terrace house is now available for sale in the sought-after village of Riddings, Derbyshire. This property is an ideal acquisition for investors seeking a reliable income stream with significant potential for growth.

The property currently benefits from a long-standing tenant already in situ, providing immediate rental income of £610 per calendar month. This established tenancy offers a hassle-free transition for the new owner. Furthermore, there is clear scope to review and increase the rent in line with current market values, enhancing the property's yield.

Internally, the house features two generous double bedrooms, offering comfortable living spaces. The ground floor boasts a spacious reception room to the front aspect, providing ample room for relaxation and entertaining. The property also includes one bathroom, catering to the needs of its occupants. While some works are required, these present a fantastic opportunity for the new owner to carry out refurbishment, thereby adding significant capital value and further increasing its appeal and potential rental income.

Externally, off-road parking is available, a valuable asset in any residential area. The property's location in Riddings is a key selling point, offering residents a charming village lifestyle. It is surrounded by picturesque walks, perfect for outdoor enthusiasts, and benefits from excellent travel routes, ensuring easy access to neighbouring towns and cities. A comprehensive range of local amenities, including shops, schools, and services, are all within convenient reach, making it an attractive location for tenants.

This property represents a compelling proposition for investors looking to expand their portfolio with a property that offers both immediate returns and substantial long-term capital growth potential. With its fixed price, existing tenancy, and scope for improvement, it stands out as a smart investment in a desirable Derbyshire location. The property falls within Council Tax Band A and has an EPC Rating of D.

Do not miss this chance to acquire a promising investment property in Riddings. Contact us today to arrange a viewing and explore the full potential this home has to offer.

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:

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

• Buyer’s Fee of 4.8% inc. VAT of the purchase price (subject to a minimum of £6,000 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.