Lot 12 - 15 Pine Street, Londonderry, County Londonderry, BT47 6HB

  • Unconditional Online Auction Sale
  • Guide Price* : £40,000

Guide Price* : £40,000

Two storey mid terrace house

  • Ideal buy to let opportunity
  • Current gross annual income £3,058
  • Sold subject to existing tenancy

Location

Derry is the second largest city in Northern Ireland with a district council population of 107,877 (2011 Census). The city is located in the northwest of the province on the River Foyle approximately 70 miles from Belfast, 30 miles west of Coleraine and 33 miles north of Omagh. The city acts as the main economic and cultural hub serving the northwest region and neighbouring Co Donegal. The house is located on Pine Street in the Waterside area approximately 1 mile (1.6 km) north east of the city centre. The property is in close proximity to shops, schools and benefits from a wide range of local amenities that are provided nearby.

Description

This is a mid terrace two storey house with an enclosed yard. The house is of traditional construction with a painted render finish covered with a pitched slate roof. Internally the house provides kitchen, bathroom and two bedrooms. The house benefits from oil fired heating.

Tenancy

We have been advised the gross annual rent is £3,058.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - F29

Land and Property Services Rates Assessment

Capital Value: £48,000
Rates payable for 2018/2019: £434

Accommodation

1 2 3 4 5
Ground floor
Kitchen 6.8 x 3.0 m (22'4" x 9'10")
2.25 x 1.0 m (7'5" x 3'3")
Bathroom 2.96 x 2.0 m (9'9" x 6'7")
First floor
Bedroom 1 2.17 x 2.98 m (7'1" x 9'9")
Bedroom 2 4.09 x 3.1 m (13'5" x 10'2")

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Security Deposit

£3,800

Buyer's Administration Fee

£1,200

Guide Price*

£40,000

Vendors Solicitor

Ciara Christie, AL Goodbody, 42-46 Fountain St, Belfast, BT1 5EB
028 9031 4466

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.