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Society Place, Derby DE23 3 bed terraced house for sale
Society Place, Normanton, Derby
£120,000
Society Place, Normanton, Derby
£120,000
Our Summary
- 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
- The property is in need of modernisation and there is scope to increase rental return when works are completed
- The property is for sale by Modern Method of Auction
- This method of auction requires both
- In need of upgrading
- Sold via modern method of auction
Description
This Victorian-era semi-detached property has been converted into three one-bedroom flats, each with its own entrance hall, kitchen, double bedroom, and bathroom. The flats are currently tenanted and generate £400 per calendar month each. The property requires modernization and there is potential to increase the rental return once works are completed. The apartments are let on 6-month tenancy agreements, with the tenancies commencing in 2025. The property is being sold via the modern method of auction, which requires both the seller and buyer to agree on a price and complete the transaction within a set timeframe.