Property Description

A superb opportunity to acquire a traditionally built semi-detached property, with four lettable rooms producing a combined gross income of £24,960 per annum, this representing an impressive 24% return based on the guide price. We are informed by the seller the individual passing rents are £520 per calendar month (£6,240 per annum) inclusive of utility bills. The property is set well back from the road with gardens to the front and rear and enjoys an established residential location, close to Pride Park and Allenton shopping centre. Derby City centre and train station are both within a short commute.

Entrance Hall

Having access to Flats One, Two and Kitchen. Stairs to first floor.

Flat One - Front

Lounge/Bedroom - 3.260m x 3.505m. Having double glazed bay window, tiled floor and radiator. Shower Room - 1.548m x 1.093m. Having shower, wash hand basin and wc, tiled floor.

Flat Two - Rear - Accessed via Kitchen

Lounge Area - 2.682m x 2.312m. Having uPVC sliding patio door. Washroom (off lounge) - 0.883m x 1.608m. Having wc, pedestal sink and tiled floor. Kitchenette Space - 0.977m x 1.9m. Bedroom - 2.529m x 2.852m into recess. Having no windows, shower cubicle.

Shared Kitchen

2.824m x 2.003m. Having fitted cupboards and drawers, sink, uPVC double glazed window.

First Floor Landing

Leading to -

Flat Three - Front

The auctioneers have not inspected this flat.

Flat Four - Rear

Lounge/Bedroom - 3.442m x 2.511m. With uPVC double glazed window. Bathroom - 1.714m x 1.847m. Having bath, pedestal wash basin and wc. Obscure glazed uPVC window and tiled walls.

Tenure

Freehold

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