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SOLD STC

Langley Street, Derby, Derbyshire, DE22 3GN

PROPERTY TYPE

Terraced

BEDROOMS

2

BATHROOMS

1

SIZE

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

Freehold

Floorplan 1Floorplan 2
3

Key features

  • ATTENTION INVESTORS; Two Bedroom House, In Sought After Rental Area With Attractive ROI
  • Superb Opportunity For Seasoned And First Time Investors Alike
  • Tenant In Situ Paying £850pcm
  • Benefiting From Potential ROI Of 7.55%
  • Minimal Void Periods
  • Two Double Bedrooms
  • Two Reception Rooms
  • Close To Local Amenities And Travel Routes
  • EPC Rating - C
  • Council Tax Band - A

Description

Presenting an outstanding opportunity for both seasoned and first-time investors, this two-bedroom house on Langley Street, Derby, is available for sale with offers in the region of £135,000. Situated in a highly sought-after rental area, this property boasts an impressive potential Return on Investment (ROI) of 7.55%, making it a compelling addition to any portfolio.

One of the most attractive features of this property is the potential for a tenant in situ, currently paying £850 per calendar month. This potential immediate income stream significantly reduces the risk of void periods, providing a stable and reliable return from day one. For investors looking to expand their portfolio or enter the buy-to-let market, this offers a seamless transition into property ownership with a clear path to profitability.

The house itself comprises two well-proportioned double bedrooms, offering comfortable living spaces that are highly appealing to prospective tenants. The layout also includes two versatile reception rooms, providing ample space for living and dining, or even the potential for a home office, catering to a variety of tenant needs. The single bathroom is conveniently located, serving the property's occupants efficiently.

Beyond its investment potential, the property benefits from a desirable location on Langley Street. Residents will appreciate the close proximity to a wealth of local amenities, including shops, supermarkets, and eateries, ensuring daily conveniences are always within easy reach. Furthermore, excellent travel routes are readily accessible, providing straightforward connections to Derby city centre and beyond, which is a significant draw for tenants commuting for work or leisure.

From a practical standpoint, the property holds an Energy Performance Certificate (EPC) rating of C, indicating a good level of energy efficiency, which can contribute to lower utility bills for tenants and is an attractive feature in today's market. The Council Tax Band is A, further enhancing its appeal by keeping running costs manageable.

This property represents a superb chance to acquire a high-performing asset in a robust rental market. The combination of a strong potential ROI, the possibility of an existing tenant, and a desirable location makes this an unmissable opportunity. Whether you are looking to diversify your investments or secure your first rental property, this Langley Street house offers a clear path to success. Early viewing is highly recommended to fully appreciate the potential on offer and to avoid disappointment in what is expected to be a popular listing.
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.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Rear garden
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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Langley Street, Derby, Derbyshire, DE22 3GN

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About Cope & Co, Derby

Canterbury House, Stephensons Way, Derby, DE21 6LY
Industry affiliations:Industry affiliation logo 0

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.

Affordability

Monthly repayments£616
Property: £ 135,000
Deposit: £ 13,500
Interest rate: 4.5%
Term: 30 years
Powered byNatwest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference PRF_DRB_LFSYCL_575_764451119. 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.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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