Derby Riverside, Stuart Street, Derby
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- 11.12% gross yield — £950 pcm (£11,400 p.a.) against a £102,500 asking price, a rare double-digit return in a city-centre location
- Income from day one — tenants in situ at completion: no void period, no letting fees, no set-up costs
- Approx. 8.15% net yield — around £8,350 p.a. net income even after service charge and ground rent
- 977-year lease — no short-lease risk, no extension costs, fully mortgageable
- Blue-chip tenant demand — Rolls-Royce, Alstom, Toyota, the University of Derby and Royal Derby Hospital drive a deep, resilient pool of professional and key-worker tenants
- Low entry, strong fundamentals — £102,500 entry price with residents' parking and a walk-to-everything location supporting both occupancy and rental growth
Description
TOP FLOOR 2 BEDROOM APARTMENT | SOLD WITH TENANTS IN SITU AT £950 PCM | 11.12% GROSS YIELD
Full description:
Double-digit gross yields in city-centre locations are increasingly hard to find. This modern, top-floor two-bedroom apartment in the heart of Derby city centre comes with tenants already in place producing an 11.12% gross yield from day one, at an entry price of just £102,500.
THE RETURNS – WHY THIS STANDS OUT
Rental income: £950 pcm / £11,400 per annum — an 11.12% gross yield on asking price
Net yield: approx. 8.15% after service charge (£2,700 p.a.) and ground rent (£350 p.a.)*
Tenants in situ — income from completion, no void period, no letting fees to find a tenant
977 years remaining on the lease — no short-lease risk
Low entry price of £102,500 — strong cash-on-cash returns whether buying cash or leveraged
Net income of approx. £8,350 per annum after all standing charges*
An 11%+ gross yield significantly outperforms typical buy-to-let returns and comfortably exceeds returns from savings and most income-producing assets — and here the income is already flowing, secured by sitting tenants in a location where demand consistently outstrips supply.
THE APARTMENT
A modern, top-floor apartment with lovely city views, comprising:
Spacious living room with excellent natural light
Fitted kitchen with integrated appliances
Two generous double bedrooms
Fully fitted family bathroom with shower
Access to a residents' car park — a premium feature in the city centre
Council Tax Band B
THE LOCATION – DERBY'S ENGINE ROOM
Derby is one of the UK's most resilient rental markets, powered by a world-class engineering economy. Rolls-Royce, Alstom and Toyota (nearby Burnaston) anchor tens of thousands of well-paid jobs, while the University of Derby and Royal Derby Hospital add a deep pool of students and key workers — exactly the tenant profile that keeps city-centre apartments let year after year.
Stuart Street puts your tenants moments from the Derbion shopping centre, the Cathedral Quarter and the city's best shops, bars and restaurants, with schools close at hand. Derby station offers fast, regular services to Nottingham, Birmingham, Sheffield and London St Pancras, while the A38, A52 and M1 provide strong road connectivity. This is precisely the walk-to-everything location professional tenants pay for — protecting your income today and underpinning rental growth tomorrow.
KEY DETAILS AT A GLANCE
Asking price: £102,500
Rental income: £950 pcm / £11,400 p.a.
Gross yield: 11.12% | Net yield: approx. 8.15%*
Tenure: Leasehold — 977 years remaining
Ground rent: £350 p.a. | Service charge: £2,700 p.a.
Tenancy: Tenants in situ
Parking: Residents' car park | Council Tax Band B
With secure income from completion, a double-digit gross yield and a 977-year lease at an entry price of just £102,500, this apartment offers income, security and long-term growth in equal measure.
*Figures are based on current rent, asking price and charges as advised; buyers should verify all figures and lease terms via their solicitor prior to exchange.
- 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.
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- 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.
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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.
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Energy performance certificate - ask agent
Derby Riverside, Stuart Street, Derby
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*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.