2 bedroom Terraced House in Derby
23 May Street, Derby DE22 3UQ
- Lot No: 9
- Property Type: Terraced House
- Contract Type: Unconditional with Fixed Fee
Guide Price* £78,000+ plus fees
Result Sold at Auction £96,000
Property Description
Situated within a strong letting location, conveniently positioned for the city centre and the University Campus, is a well equipped, two bedroom mid terrace property currently let on assured shorthold tenancy agreement producing £550 per calendar month (£6,600 per annum), this represents an impressive 8.4% return based on the guide price. In our opinion there is scope for a significant rental increase. Internally the uPVC double glazed and gas central heated (not tested) living accommodation in brief comprises; front sitting room, inner lobby with door to cellar, separate dining room with enclosed staircase, fitted kitchen measuring 21ft 6 in length that could be converted into a further bathroom or utility subject to building regulations. To the first floor passaged landing there are two bedrooms and bathroom suite in white with shower and potential for a loft conversion subject to the usual planning consents. Outside to the rear there is a low maintenance yard. The location is always a popular choice with first time buyers, professional couples and landlords locally and nationally. Excellent high yielding BTL residential investment opportunity.
Front sitting room
11ft into chimney recess x 11ft 3
Separate dining room
11ft into chimney recess x 11ft 2
Fitted kitchen
21ft 6 x 6ft 9
First floor passaged landing
14ft 5 x 2ft 7
Bedroom one
11ft 3 into chimney recess x 11ft 2
Bedroom two
11ft 2 x 8ft 2 into chimney recess
Bathroom
8ft 6 x 6ft 3
Outside
To the rear there is low maintenance enclosed yard.
Tenure
Freehold
Auction Details
Date 19th December 2023
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
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