Property Description

An excellent opportunity to acquire a high yielding buy-to-let residential property, divided into four self contained units arranged over four floors, producing a combined rental income of £21,480 per annum. This represents an impressive 12.2% return based on the guide price. Constructed of traditional brick set beneath a pitched tiled roof, the well equipped, uPVC double glazed flats in brief comprise - Flat 1 - Located to the ground floor a one bedroomed studio. Flat 2 - Located to the first floor. Please note: The auctioneers have not inspected. Flat 3 - Top floor studio flat with views across Derby. Flat 4 - Basement studio flat which has its own separate access. We are informed by the vendor there is communal parking - see legal pack for verification. The property is situated within the context of a strong letting location, conveniently positioned for the city centre.

Ground Floor Entrance

With stairs.

FLAT 1 - Ground Floor

Let at £475 per calendar month (£5,700 per annum).

Bedroom/Lounge

11ft 3 x 14ft 3

Inner Lobby

6ft 4 x 3ft

Fitted Kitchen

12ft 1 x 8ft

Bathroom

6ft 4 x 5ft 5

FLAT 2 - First Floor - Not inspected.

Let at £450 per calendar month (£5,400 per annum). We are informed by the seller that the flat comprises of a hallway, bedroom, bathroom and kitchen.

FLAT 3 - Second Floor

Let at £425 per calendar month (£5,100 per annum)

Entrance Lobby

6ft 1 x 3ft 4

Lounge/Bedroom

14ft 8 x 11ft 9 restricted height

Store Room

6ft 3 x 2ft 5

Fitted Kitchen

8ft 5 x 5ft 5

Bathroom

6ft 4 x 5ft 8

FLAT 4 - Basement Floor

Let at £440 per calendar month (£5,280 per annum).

Porch

Leading to -

Lounge/Bedroom

14ft 6 x 11ft 9

Store Room

6ft 1 x 2ft 6

Fitted Kitchen

10ft 8 into bay x 7ft 7

Bathroom

10ft 4 reducing to 7ft 8 x 3ft 9

Council Tax Bands

Each flat has a council tax band of A.

Flood Risk

Rivers and Seas - Very low. Surface Water - Low

Building Construction

Solid brick, as built, no insulation (assumed) - Information taken from EPC.

Broadband (estimated speeds)

Standard 15 mbps, Superfast 80 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.

Tenure

Freehold

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