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Magellan Way, Derby, Derbyshire, DE24

Key features

  • Three bedroom new build town house for sale with tenants in situ
  • Current rental income of £995pcm (£11,940 per annum) producing a yield of 6.3%
  • Freehold property
  • Property includes a garage and parking
  • Popular location, close to Derby Railway Station and Derby city centre

Description

Investment Opportunity Email - Magellan Way
Subject: TENANTED Investment: 3-Bed Pride Park Derby | £190k | £995 PCM | 6.3% Gross Yield

Dear Valued Investor,

Pure Investor is delighted to present an outstanding tenanted buy-to-let opportunity in one of Derby's most sought-after modern developments, offering immediate rental income and exceptional connectivity.

INVESTMENT SUMMARY

Property: 26 Magellan Way, Pride Park, Derby, DE24 1AD
Price: £190,000 Freehold
Current Rental Income: £995 per calendar month (£11,940 per annum)
Gross Yield: 6.3%
Status: Currently tenanted - immediate income stream
Type: Modern 3-Bedroom Town House with Garage & Parking
Development: City Point, Pride Park - Premium residential location

WHY THIS PROPERTY WORKS FOR INVESTORS
Proven Rental Income in Premium Location Currently generating £995 PCM, this property demonstrates strong market demand in one of Derby's most desirable residential areas. The existing tenancy provides income certainty and eliminates void risk at purchase.
Outstanding Location - Pride Park, Derby

Pride Park represents Derby's premier mixed-use development, offering:

Walking distance to Derby Railway Station - direct services to London St Pancras (90 mins), Birmingham, Nottingham, Sheffield
Excellent road connectivity - immediate access to A50, A52, and M1 motorway network
Easy reach of Derby city centre - shops, restaurants, entertainment, and services
Major employment hub - Pride Park Business Park on doorstep (home to major corporate headquarters)
Modern residential environment - the City Point development offers contemporary living in a well-managed estate
Strong transport infrastructure - ideal for commuters and professionals
High-Specification Property

This modern three-bedroom town house offers features that command premium rents:

Master bedroom with ensuite - highly sought-after by professional tenants
Three genuine bedrooms - appeals to families and professional sharers
Downstairs cloakroom - additional convenience enhancing rental value
Modern dining kitchen - with French doors to patio creating indoor-outdoor living
Private rear garden - valuable outdoor space in urban location
Garage + private parking - significant competitive advantage in city location
Contemporary specification throughout
Strong Tenant Demand Drivers

Pride Park's location ensures consistent tenant demand from:

Professionals working at Pride Park Business Park
Railway commuters (London, Birmingham, East Midlands)
Derby city centre workers
Hospital staff (Royal Derby Hospital nearby)
Rolls-Royce and Toyota employees
Young professionals and families seeking quality modern accommodation

LET PURE INVESTOR TAKE THE STRAIN.....

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.

Fully managed lettings and property management service

Comprehensive coverage throughout England and Wales

One team, one fee across your full portfolio

Rental income protection available

Transfer your existing properties quickly and easily

If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: to find out more
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.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
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.
Ask agent

Energy performance certificate - ask agent

Magellan Way, Derby, Derbyshire, DE24

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About Pure, Manchester

The Lightwell, 61-63 Brown Street Manchester M2 2JG

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

Thinking Of Investing In Property In The UK?

We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-let properties and purpose built student accommodation, through to market leading off-plan developments in locations including Manchester, London, Birmingham and many more destinations throughout the UK.

Our focus is genuinely consultative, and regardless of whether you're a first time property investor or an institution, we aim to assist our clients in achieving their long term investment goals through property. Many of our client have worked with Pure Investor for many years, both purchasing and selling their investment properties through us.

Thinking Of Selling?

We're one of the UK's leading providers of tenanted buy-to-let properties, and as such if you are considering selling your investment property, but are not sure how to sell with tenants in situ, why not contact our team today to find out about our specialist resales service? We have a global network of property investors who are proactive in purchasing tenanted properties to add to their current portfolios.

Thinking Of Renting Your Property Out?

We have one of the regions fastest growing lettings portfolios, and our full service property management and lettings service is specifically designed to cater for the demands of more established landlords operating throughout the North West of England.

Regardless of whether you are looking to invest in property, or sell your buy-to-let, why not give our team of experienced property consultants a call today to find out more about our services?

We look forward to speaking with you!

Your mortgage

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Disclaimer - Property reference Magellan-Way. 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.

*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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