Skip to content
Buy
Property for sale New homes for sale Property valuation Investors Mortgages
Rent
Property to rent Student property to rent
Find Agent
Find estate agents
House prices
Sold house prices Instant online valuation
Commercial
Commercial property to rent Commercial property for sale Advertise
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Overseas blog Mortgage guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell Overseas property

Priory Heights Court, Derby, Derbyshire, DE23 6AX

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

2

SIZE

Ask agent

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

  • Attention Investors - First Floor, Two Double Bedroom Apartment In Sought After Development
  • Rental Income Of £900pcm
  • Gross Annual Income Of £10,800
  • Gross ROI Of 6.85%
  • Minimal Void Periods
  • Ideal For Experienced & First Time Investors
  • Long Lease; Est 979 Years Remaining
  • Allocated Parking For One Vehicle
  • EPC Rating - B
  • Council Tax Band - C

Description

Presenting an outstanding investment opportunity, this two-double bedroom, first-floor apartment is situated within the highly desirable Priory Heights Court in Derby. This property is specifically tailored for both experienced and first-time investors, promising a robust return and consistent rental income.

The apartment boasts a potential rental income of £995 per calendar month, translating to a potential gross annual income of £10,800. With a fixed listing price of £157,500, this offers an attractive Gross Return on Investment (ROI) of 6.85%. The location and property type are known for minimal void periods, ensuring a steady income stream for landlords.

Internally, the property comprises two well-proportioned double bedrooms, two modern bathrooms, and a comfortable reception room with open plan kitchen, providing ample living space. The layout is practical and appealing to prospective tenants, ensuring ease of letting. The property benefits from a long lease, with an estimated 979 years remaining, offering peace of mind and long-term security for the owner.

Further enhancing its appeal, the apartment includes allocated parking for one vehicle, a significant advantage in many residential areas. The property holds an excellent Energy Performance Certificate (EPC) rating of B, indicating high energy efficiency, which is attractive to tenants due to lower utility costs. The Council Tax Band is C.

Priory Heights Court is a sought-after development, known for its convenient location and well-maintained surroundings. Derby itself is a vibrant city with strong rental demand, driven by its growing economy, educational institutions, and transport links. This makes the apartment an ideal addition to any property portfolio or a superb starting point for those new to property investment.

This is a rare chance to acquire a high-performing asset in a prime location. Early viewing is highly recommended to fully appreciate the potential and quality of this investment.

To the best of our knowledge;

Ground Rent; £170
Service charge; £1482 per annum

Buyers are advised to obtain
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: C
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.
Ask agent
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

Priory Heights Court, Derby, Derbyshire, DE23 6AX

Open mapStreet View

Add an important place to see how long it'd take to get there from our property listings.

__mins driving to your place

Check how much you can borrow

Get an instant, personalised result:

  • Show sellers you’re serious
  • Secure viewings faster with agents
  • No impact on your credit score
Get a Mortgage in PrinciplePowered by
Renovation potential
Recently sold & under offer
See similar nearby properties

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£790
Property: £ 157,500
Deposit: £ 15,750
Interest rate: 5.33%
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.

Notes

These notes are private, only you can see them.

Staying secure when looking for property

Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.

Visit our security centre to find out more

Disclaimer - Property reference PRF_DRB_LFSYCL_575_764482027. 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.

Map data ©OpenStreetMap contributors.

Email agent

Call agent

Email agent