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Rowleys Mill, Uttoxeter New Road, Derby, Derbyshire, DE22 3TJ

PROPERTY TYPE

Ground Flat

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

  • Spacious Ground Floor Apartment in Gated Complex
  • Ideal Investment Opportunity Or First Time Buy
  • Potential Rental Income Of £825 - £850pcm. Gross Annual Income Of £10,200
  • Potential Gross Yield Of 9.71%
  • Two Double Bedrooms
  • Spacious Reception Room, Sizeable Galley Kitchen
  • Long Lease; 978 Years Remaining
  • Allocated Parking For One Vehicle
  • EPC Rating - C
  • Council Tax Band - B

Description

Presenting an outstanding opportunity for both astute investors and first-time buyers, this spacious two-bedroom ground floor apartment is now available for sale, offered at Offers In Region Of (OIRO) £105,000. Located within a highly sought-after, secure gated complex on Uttoxeter New Road, Derby, this property combines convenience with comfort.

Upon entering, you are greeted by the useful entrance hallway. Walking through is the generously proportioned reception room, providing ample space for both living and dining areas, perfect for relaxation and entertaining. The apartment features a sizeable galley kitchen, thoughtfully designed to maximise space and functionality, offering plenty of storage and worktop areas for culinary enthusiasts. With useful broom cupboard.

This property boasts two well-proportioned double bedrooms, each offering a peaceful retreat and sufficient space for bedroom furniture, ensuring comfortable living for residents. Master benefiting from fitted wardrobes. A modern, well-appointed bathroom serves both bedrooms.

One of the most compelling aspects of this apartment is its strong investment potential. With a projected rental income of £825 - £850 per calendar month, this translates to a potential gross annual income of £10,200. This impressive figure suggests a potential gross yield of 9.71% based on the asking price, making it an incredibly attractive proposition for buy-to-let investors seeking a robust return.

Further enhancing its appeal, the property benefits from a remarkably long lease, with an impressive 108 years remaining, providing peace of mind and security for future owners. Practical amenities include allocated parking for one vehicle, ensuring convenience for residents.

Energy efficiency is another key feature, with an EPC Rating of C, indicating good energy performance and potentially lower utility bills. The property falls within Council Tax Band B, offering reasonable local taxation. The secure, gated complex provides an added layer of privacy and safety, contributing to a desirable living environment.

Situated on Uttoxeter New Road, the apartment benefits from excellent access to local amenities, transport links, and the vibrant community of Derbyshire. Whether you are looking to step onto the property ladder, downsize, or expand your investment portfolio, this apartment offers a compelling blend of space, location, and financial viability. Early viewing is highly recommended to fully appreciate the quality and potential of this exceptional property.

Ground rent per annum; £12
Service charge per annum; £1709
Years remaining on lease; 108 Years

Buyers are advised to confirm the above details, through a solicitor 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: B
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.
Level access

Rowleys Mill, Uttoxeter New Road, Derby, Derbyshire, DE22 3TJ

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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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Disclaimer - Property reference PRF_DRB_LFSYCL_575_764511779. 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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