Property Description

Excellent buy to let residential investment opportunity. Situated within literally yards of Derby City Centre, is a substantial freehold property, converted into 3x self contained one bedrooms flats, being part part vacant with a potential income of circa £22,000 when fully let, this representing an impressive 15.7% return based on the guide price. The traditionally built property is arranged over three floors and in brief comprises of, communal side entrance passage. Flat 1 with vacant possession, (front), recently upgraded consists of open plan living kitchen with built-in-appliances, inner lobby/utility, double bedroom and bathroom with three piece suite in white with shower. Flat 2 (rear) - the auctioneer has not inspected and we are informed by the seller the accommodation consists of, entrance hall, fitted kitchen with stairs. First floor landing lounge, bedroom and bathroom. Currently let producing £625 per calendar month (£7,500 per annum), however will be vacant in time for completion. Flat 3 (middle) with vacant possession is arranged over three floors and requires some minor improvements and in brief comprises, ground floor entrance with staircase, first floor landing, large lounge with opening through to a fitted kitchen with built-in-appliances. To the second floor L-shaped landing there is a double bedroom and shower room. The property is situated within a strong letting location conveniently positioned for an abundance of amenities all within walking distance. Pride Park and the A52 are both within a short commute.

Open plan living kitchen

15ft 7 into chimney recess x 12ft 7

Inner lobby/utility

9ft 1 reducing to 5ft 7 x 5ft 6

Bedroom

11ft 9 max x 9ft 6

Bathroom

8ft 9 x 5ft 7

Flat 2 (rear)

Currently let on an AST producing £625 per calendar month but will be vacant on completion. Auctioneers have not inspected the flat.

Ground floor entrance

9ft 4 x 5ft 3

First floor landing

12ft 6 x 5ft 4

Lounge

19ft 9 into chimney recess x 13ft 7

Kitchen

8ft 7 x 6ft 8

Second floor floor landing

L-shaped 10ft 3 x 8ft 4 restricted height

Bedroom

10ft 3 x 8ft 4 restricted height

Shower room

10ft 4 x 4ft 1

Outside.

Rear yard.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.

Broadband (estimated speeds)

Standard 19 mbps. Superfast 223 mbps. Ultrafast 1000 mbps.

Satellite & Cable TV Availability

BT and Sky are available in this location.

Construction Material

Solid brick, as built, no insulation (assumed).

Tenure

Freehold

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