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87 Stanley Street, Derby, Derbyshire, DE22 3GU

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Floorplan 1
1

Key features

  • Spacious Two Bedroom Apartment In Gated Development, With An Ideal Chance To Put Your Own Stamp On It
  • Ideal For Investors & First Time Buyers, With Fantastic Potential
  • Potential Rental Income Of £750-795pcm, With Potential Yield Of 8.57%
  • Two Double Bedrooms
  • Superb Open Plan Kitchen / Lounge Space
  • Three Piece Bathroom Suite
  • Allocated Parking
  • Close To Local Amenities And Travel Routes
  • EPC Rating - C
  • Council Tax Band - A

Description

Nestled within a secure, gated development at 87 Stanley Street, Derbyshire, this spacious two-bedroom apartment presents an outstanding opportunity for both astute investors and first-time buyers looking to step onto the property ladder. Offered for sale at Offers In Region Of £105,000, this property combines generous living spaces with the exciting potential to personalise and enhance, truly allowing you to put your own stamp on it.

Upon entering, you are greeted by a well-proportioned interior that immediately conveys a sense of space. The heart of this home is undoubtedly the superb open-plan kitchen and lounge area. This versatile space is designed for modern living, offering ample room for both comfortable relaxation and dining, making it ideal for entertaining guests or simply unwinding after a long day. The kitchen area, whilst offering a solid foundation, provides a fantastic canvas for a buyer to upgrade and tailor to their specific tastes and requirements, potentially adding significant value and appeal.

This apartment boasts two generously sized double bedrooms, each offering a peaceful retreat. These rooms are well-lit and provide sufficient space for double beds and additional furniture, ensuring comfortable living for residents or tenants. The master bedroom boasts built in wardrobe. The single well-appointed bathroom serves both bedrooms, maintaining the practical layout of the apartment.

For investors, this property represents a particularly compelling proposition. With a potential rental income estimated between £750 and £795 per calendar month, it offers an impressive potential yield of 8.57%. This strong return on investment, coupled with the property's desirable location and features, makes it an attractive addition to any portfolio. The secure gated development adds an extra layer of appeal for prospective tenants, ensuring peace of mind and enhancing rental desirability.

Practicality is further enhanced by the inclusion of allocated parking, a highly sought-after amenity in any residential area, providing convenience and security for vehicle owners. The property benefits from an excellent EPC Rating of C, indicating good energy efficiency, which can lead to lower utility bills for residents. Furthermore, the Council Tax Band A designation means lower annual outgoings, adding to the overall affordability and attractiveness of this home.

Location is key, and 87 Stanley Street does not disappoint. Situated close to a wealth of local amenities, residents will find everything they need within easy reach, from shops and supermarkets to cafes and leisure facilities. Excellent travel routes are also readily accessible, ensuring straightforward commutes and connections to surrounding areas, making it an ideal base for those working locally or needing to travel further afield.

In summary, this two-bedroom apartment offers a rare blend of spacious living, investment potential, and the exciting prospect of customisation. Whether you are a first-time buyer eager to create your dream home or an investor seeking a high-yield opportunity, this property in Derbyshire warrants immediate consideration. Its secure setting, practical features, and superb location combine to create a truly desirable offering on the market.

107 years left on lease as of march 2007
Service Charge is £1,307.60 per year
Ground Rent is £276.97 per year
£132pcm
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.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Allocated
GARDENA property has access to an outdoor space, which could be private or shared.
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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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87 Stanley Street, Derby, Derbyshire, DE22 3GU

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About Cope & Co, Derby

Canterbury House, Stephensons Way, Derby, DE21 6LY
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We are a team of passionate property people on a mission to be a new breed of estate agent in your area.

At Cope & Co., we intertwine the strength of family values with professional expertise to guide every client towards their home and property objectives.

We pledge to understanding each client's individual journey and ensure that every step is personal, proficient, efficient and in harmony with their goals.

A new home is far more than just money, bricks and mortar. It's a place to call your own and create unforgettable memories. It's an opportunity for growth and independence. It's a way of starting a new chapter, planning for the future, and building the life you want to live.

We are a friendly team of local property experts, selling and letting homes across the whole of Derbyshire and East Staffordshire. Our goal is to provide a first-class service and to offer a personal and proactive approach that we believe is paramount to helping our customers achieve property success.

When you buy, sell, let or rent through Cope & Co, you'll be working with professionals who understand the true value and importance of a home. We will support you at every stage of your property journey to help you achieve your individual objectives.

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Disclaimer - Property reference PRF_DRB_LFSYCL_575_764438088. 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 Cope & Co, Derby. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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