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Dickinson Street, Derby, Derbyshire, DE24 8WJ

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

2

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
6

Key features

  • Incredible Investment Opportunity - Two, One Bedroom Flats With Immense Potential
  • Unique Opportunity To Add Capital Growth, Some Works Required
  • Potential Rental Income Of Circa £16,800 per annum, Potential Gross ROI Of 11.2%
  • Separate Dwellings As Per EPC'S, Council Tax, Boilers And Electrics etc
  • Popular Rental Location, Minimal Void Periods
  • Both Double Bedroom Flats With Kitchens, Bathrooms And Reception Rooms
  • On Street Parking Available
  • Outline Planning To Rear Garden For Third Apartment
  • EPC Ratings - D
  • Council Tax Band - A

Description

An outstanding and unique investment opportunity awaits in a popular rental location within Derby. This property comprises two distinct, self-contained one-bedroom flats, each offering a comfortable living space complete with a double bedroom, a well-appointed kitchen, a modern bathroom, and a dedicated reception room. These separate dwellings are confirmed by individual EPCs, council tax bands, boilers, and electrical systems, ensuring clear delineation and ease of management for investors.

The potential for capital growth here is truly immense. While some works are required, this presents a fantastic chance for a discerning buyer to add significant value and tailor the property to their exact specifications, maximising future returns. The current configuration already promises a robust rental income, estimated at circa £16,800 per annum, making it an attractive proposition for buy-to-let investors seeking strong yields and minimal void periods in a consistently sought-after area.

Adding to the property's exceptional appeal is the outline planning permission already secured for a third apartment in the rear garden. This offers an unparalleled opportunity to further expand the portfolio and significantly increase the overall income potential and asset value. Imagine the possibilities of developing this additional unit, transforming an already lucrative investment into an even more substantial income-generating asset.

Both existing flats benefit from their own independent amenities, ensuring privacy and convenience for tenants. The location in Derby is highly desirable for renters, contributing to the expectation of minimal void periods and consistent occupancy. On-street parking is available, a practical benefit for residents.

This property is offered at Offers In Region Of (OIRO) £150,000, representing a compelling entry point into a high-potential investment. With EPC Ratings of D and Council Tax Band A for both units, the running costs are also favourable. This is more than just a property; it is a strategic investment in a thriving rental market with clear pathways for significant capital appreciation and enhanced rental yield. Do not miss this rare chance to acquire a versatile asset with proven income potential and exciting development prospects.
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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Dickinson Street, Derby, Derbyshire, DE24 8WJ

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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.

Affordability

Monthly repayments£685
Property: £ 150,000
Deposit: £ 15,000
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_764460981. 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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