Summary - HOLDEN COURT FLAT 3 SPENCER STREET DERBY DE24 8RW
2 bed 1 bath Ground Flat
Auction opportunity with parking and refurbishment potential near Derby transport links.
- Two bedrooms; ground floor flat in purpose-built block
- Vacant possession; immediate access post-completion
- Requires cosmetic improvement and renovation throughout
- Designated off-street parking space and communal rear garden
- EPC rating D; mains gas central heating and boiler
- Leasehold with ~95 years remaining; ground rent reported £20
- Sold at auction — 10% deposit and non‑refundable buyer fee apply
- Located in a very deprived area with higher local crime levels
A low-cost two-bedroom ground floor flat offered for sale by auction, suitable for investors or buyers prepared to carry out cosmetic works. The accommodation includes entrance hall, lounge, fitted kitchen, two bedrooms and a bathroom, with gas central heating and double glazing. The property is vacant and comes with a designated off-street parking space and access to a communal rear garden.
The flat requires renovation and cosmetic improvement throughout; the EPC is D and the property will be sold leasehold at auction with binding contracts exchanged on sale. Lease details are not fully available in the sales information — buyers should check service charge and ground rent provisions in the legal pack. Current ground rent recorded as £20; years remaining on the lease listed as 95.
Location is in Alvaston, approximately three miles from Derby city centre with local shops and transport links. The wider area is described as very deprived with higher crime levels; this affects rental demand, resale prospects and insurance considerations. Prospective purchasers should review the legal pack, arrange a viewing and make independent enquiries before bidding.
This lot suits an investor seeking an entry-level purchase at auction or a buyer able to complete low-to-medium cost cosmetic refurbishment. Be mindful of auction costs: a minimum 10% deposit, a buyers fee, and possible extra fees listed in the special conditions of sale.
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