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Alexandra Mill, Great Northern Road, Derby, Derbyshire, DE1 1LW

PROPERTY TYPE

Semi-Detached

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

  • Sizeable Two Bedroom, First Floor Apartment
  • Ideal Investment Opportunity In Prime Location
  • Tenants In Situ Paying £895pcm, £10,740 Gross Per Annum
  • Gross ROI Of 10.22%
  • Two Well Proportioned Bedrooms
  • Sizeable Open Plan Reception Room With Kitchen
  • Allocated Parking
  • Close To Local Amenities, Derby City Centre And Travel Routes
  • EPC Rating - C
  • Council Tax Band - A

Description

Presenting an outstanding investment opportunity, this sizeable two-bedroom, first-floor apartment is ideally situated on Great Northern Road, Derby. Offered for sale with offers in the region of £105,000, this property is a compelling prospect for discerning investors seeking immediate returns and a prime location.

The apartment currently benefits from tenants in situ, generating a robust rental income of £895 per calendar month, equating to a gross annual income of £10,740. This translates to an impressive gross return on investment (ROI) of 10.22%, providing a strong and reliable income stream from day one. This makes it a truly 'turn-key' investment, eliminating the typical void periods and tenant sourcing efforts often associated with property acquisition.

Internally, the apartment offers well-proportioned living spaces designed for comfort and practicality. It features two generously sized bedrooms, providing ample space for residents. The heart of the home is a sizeable open-plan reception room, seamlessly integrated with the kitchen area. This contemporary layout creates a bright and inviting environment, perfect for modern living and entertaining. The kitchen is well-appointed, catering to everyday needs. Whilst the family bathroom provides shower over bath, W.C. and wash basin.

Further enhancing its appeal, the property includes allocated parking, a significant advantage in this popular area, ensuring convenience for residents. The location itself is a major draw, offering excellent connectivity and access to a wealth of amenities. Residents will appreciate being close to local shops, services, and public transport links. Derby City Centre, with its extensive range of retail, dining, and leisure facilities, is just a short distance away, making this an incredibly desirable place to live.

For commuters and those who travel frequently, the apartment's proximity to major travel routes is a distinct benefit, providing easy access to surrounding areas and beyond. This strategic location underpins the property's strong rental demand.

The property holds an EPC Rating of C, indicating good energy efficiency, which is attractive to tenants and helps manage running costs. The Council Tax Band is A, further contributing to its affordability. This combination of strong rental yield, desirable location, practical living spaces, and favourable running costs positions this apartment as an exceptional and secure investment. Early viewing is highly recommended to fully appreciate the value and potential on offer.

Leashold Property;

Service Charge & Ground rent; £2182 per annum
Years remaining on lease; 103 years

Buyers are advised to confirm the above details with solicitors when purchasing.
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.
Lift access

Alexandra Mill, Great Northern Road, Derby, Derbyshire, DE1 1LW

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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£527
Property: £ 105,000
Deposit: £ 10,500
Interest rate: 5.33%
Term: 30 years
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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_764504409. 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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