Lot 34 - 85 Melbourne Street, Derby, Derbyshire, DE1 2GF

Unconditional Online Auction Sale
Guide Price* £110,000

Substantial four-bedroom period home close to Derby city centre

Description

This substantial four bedroom Victorian terrace presents a compelling opportunity for investors and owner-occupiers. Offered in fair condition and similar in style and layout to others in the terrace, the property provides generous accommodation, spacious reception areas and the character typical of homes from this era.

Positioned within easy reach of Derby city centre, the property benefits from close proximity to the Derbion shopping centre, Pride Park and the University of Derby, making it particularly attractive for professional sharers, students or families seeking convenient access to amenities and transport links. Derby railway station and major road networks are also nearby, supporting strong and consistent rental demand in this part of DE1.

From an investment perspective, the property offers clear scope to add value through cosmetic improvement and modernisation, with the potential to create a strong yielding buy-to-let or HMO investment, subject to any necessary consents.

Auction
To be sold by online auction (unconditional) on Thursday 26th March 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure
Freehold with vacant possession.

EPC rating
D

Council tax band
A - Derby

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Additional fees
A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

* 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.

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