3 bed terraced house for sale

Society Place, Normanton, Derby DE23

Offered for sale via modern method of auction - ideal investment opportunity - three one bed apartments being sold with tenants in situ.Situated in a popular rental location within Derby is this semi detached property that has been divided to create three one bed apartments, each currently generating £400pcm.

The property Sold via the modern method of auction is this Victorian era semi detached property that has been divided to create three one bedroom flats. In brief each flat comprises of entrance hall, kitchen with space for dining table, double bedroom and bathroom. The apartments are currently tenanted and generate £400pcm each. The property is in need of modernisation and there is scope to increase rental return when works are completed.

All apartments were let on a 6 month tenancy agreement

Apartment one - Ground Floor

Flat 1 now in periodic tenancy

Kitchen 4.14m x 3.12m
Bedroom 3.29m x 3.18m
Bathroom 2.47 mx 2.06m

Apartment two - First floor apartment
Tenancy commenced 16/03/25
Kitchen 4.25m x 3.17m
Bedroom 3.30m x 3.15m
Bathroom 2.46m x 2.04m

Apartment three -Duplex
Tenancy commenced 13/01/25.
Kitchen 4.15m x 2.41m
Bedroom 4.22m x 3.59m
Bathroom 2.75m x 1.04m

This property is for sale by Martin & Co Derby powered by iamsold Ltd.

The property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.