Property Description

DRAFT DETAILS ***High yield residential investment opportunity*** Situated within walking distance of the city centre and the fashionable Friar Gate area of Derby is an extremely well equipped terraced property currently producing a combined rental income of £18,720 per annum. This represents an impressive 13.8% return based on the guide price (currently let on 4x contracts). The uPVC double glazed and gas centrally heated living accommodation in brief comprises, front sitting room, fitted kitchen with built-in-appliances and bedroom one with en-suite shower. To the first floor the landing leads to bedroom two with en-suite shower room, bedrooms three and four and a bathroom with three piece suite. Outside to the rear there is an enclosed garden. The property occupies a very popular residential location also being well positioned for the inner ring road, A38 and the Royal Derby Hospital.

Bedroom One with en-suite shower room

Let on an Assured Shorthold Tenancy at £375 per calendar month.

Bedroom Two with en-suite shower room

Let on an Assured Shorthold Tenancy at £375 per calendar month.

Bedroom Three

Let on an Assured Shorthold Tenancy at £485 per calendar month.

Bedroom Four

Let on an Assured Shorthold Tenancy at £325 per calendar month.

Bathroom

Fitted with a three piece suite in white.

Outside

Good sized garden to the rear.

Photos:

The internal photos have been supplied by the seller and illustrate the property before the property was let.

Note:

The property is currently arranged as four lettable rooms however it does not currently have a HMO licence. We advise interested parties to make their own enquiries of Derby City Council in this respect prior to placing their bid, as this will be binding.

Tenure

Freehold

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