Property Description

***High yielding BTL residential investment opportunity*** Situated within easy reach of the Royal Derby Hospital and the city centre, is a recently refurbished, purpose brick built, two double bedroomed ground floor apartment, offered for sale at very realistic guide price. The property is currently let on assured shorthold tenancy agreement producing a gross income of £800 per calendar month (£9,600 per annum). This represents an impressive 12.3% return based on the guide price. We are advised by the seller that the rent is due to increase in December 2025 to £875 per calendar month (£10,500 per annum). Internally the well-equipped living accommodation has the benefit of being uPVC double glazed and gas centrally heated and in brief comprises of entrance hall, rear sitting room, re-fitted kitchen with bult-in-appliances, two genuine double bedrooms and upgraded shower room. Outside the property enjoys an elevated position set back from the road in this small cul-de-sac location with gardens to the front and rear with brick built outbuilding. The property is situated within the context of an established and highly sought-after residential location, close to Derbys inner ring road and the A38.

Entrance Hall

18ft 2 x 4ft

Rear Sitting Room

13ft 4 x 11ft 1

Re-Fitted Kitchen

10ft 8 x 9ft max

Bedroom One

13ft 8 x 9ft 9

Bedroom Two

12ft 2 x 9ft 1

Upgraded Shower Room

6ft 3 x 5ft 6

Outside

Gardens to the front and rear with brick built outbuilding.

Leasehold Information

125 years from 20 December 1982. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Flood Risk

Rivers and Seas - Very low. Surface Water - Very low

Building Construction

Cavity wall, filled cavity - Information taken from EPC

Broadband (estimated speeds)

Standard 6 mbps, Superfast 73 mbps and Ultrafast 1000 mbps show as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky, Virgin and BT show as available in this location.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Leasehold

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