Priorway Avenue, DE72
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Buy to let property investment
- Being sold with the current tenant situ
- Annual Rental Income Of £9,600.00
- Gross yield of 5.6%
- Freehold semi-detached property
- Private front and rear garden
Description
Pure Investor is pleased to present this excellent investment opportunity in the heart of the popular village of Borrowash, Derbyshire.
This well-presented property at 90 Priorway Avenue is a freehold home, currently let to long-standing tenants (in situ for 7 years) - a reliable mother and daughter who have maintained the property well and pay £800 per calendar month.
With offers invited over £172,500, this represents a strong opportunity for buy-to-let investors, with a gross yield of approx: 5.6%, and no chain complications.
Key Features
* Two-bedroom semi-detached house
* Spacious living area and well-kept interior
* Private rear garden
* Located in a quiet residential street
* Tenants in place for 7 years - proven rental stability
* Current rental income: £800pcm / £9,600pa
* Freehold tenure
* Offers invited over £172,500
* Comparable report of recently sold properties within close proximity -
* Comparable report of recently rented properties within close proximity - (not many comparable rentals so included apartments to highlight rent is most likely below market rate)
Investment Highlights
Detail Figure
Asking Price Offers Over £172,500
Rental Income (PCM) £800
Annual Rental Income £9,600
Gross Yield (approx.) 5.6%
Tenant Type Long-term (7 years)
Freehold Yes
* No additional service charges or ground rent
* Ideal "hands-off" investment
* Potential for future rental uplift or resale
Location Highlights
Borrowash is a desirable suburb of Derby, offering a peaceful community atmosphere, yet with easy access to:
* Derby city centre (under 15 minutes' drive)
* Excellent schools and amenities
* A52 and M1 for commuter links
* Shops, local services and green spaces within walking distance
Additional Information
* EPC Rating: E
* Council Tax Band: A
* Tenancy Agreement: AST in place
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Priorway Avenue, DE72
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Visit our security centre to find out moreDisclaimer - Property reference Priorway-Avenue-Borrowash-. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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