Osmaston Park Road, Derby, Derbyshire, DE24

Presenting an exceptional investment opportunity in a sought-after location, this development property comprises three one-bedroom flats, each benefiting from its own kitchen, bathroom, and reception room, along with shared parking facilities. Currently, two of the three flats are occupied, providing immediate rental income for prospective investors.

The property offers separate amenities for each unit, ensuring attractive and practical living arrangements for tenants. Notably, there is significant potential for further development, with the possibility of expanding the site to accommodate seven to nine one-bedroom apartments, subject to the necessary planning permissions. This adds a substantial prospect for increased rental yield and capital appreciation.

Situated in an area that boasts excellent public transport links and close proximity to a wide range of local amenities, this property is ideally positioned to appeal to a variety of tenants, making it a promising addition to any investment portfolio. The shared parking is an additional valuable feature, providing convenience and enhanced appeal for residents.

Offering a rare combination of existing income and development potential, this property is perfectly suited to investors looking to expand their portfolio or undertake a project in one of the area’s most desirable locations. Early viewing is highly recommended to fully appreciate the opportunities this versatile property presents.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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