Skip to content
Buy
Property for sale New homes for sale Property valuation Agent valuation Investors Mortgages
Rent
Property to rent Student property to rent
House Prices
Sold house prices Property valuation Agent valuation Instant online valuation
Mortgages
Get started Get a Mortgage in Principle Check your affordability Remortgage Calculator Mortgage guides
Find Agent
Find estate agent
Commercial
Commercial property to rent Commercial property for sale Advertise commercial property
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Mortgage guides Overseas blog Country guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell overseas property

Manchester Street, Derby, Derbyshire, DE22 3GA

PROPERTY TYPE

Terraced

BEDROOMS

2

BATHROOMS

1

SIZE

Ask agent

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
3

Key features

  • Attention Investors - Two Bedroom, Unfurnished Terrace With Healthy Yield
  • Current Gross Rental Income; £850pcm. - Rent Increase Issued, Due To Be £895pcm
  • Current Gross Yield; 7.03% - Gross Yield After Rent Increase; 7.40%
  • Sought After Location, Minimal Void Periods
  • Immediate Rental Income Upon Completion
  • Two Double Bedrooms
  • Two Reception Rooms, Modern Fitted Kitchen
  • Low Maintenance Rear Garden
  • EPC Rating - C
  • Council Tax Band - A

Description

Presenting an outstanding investment opportunity, this two-bedroom unfurnished terrace house is ideally situated on Manchester Street, Derby. Offered for sale with offers in the region of £145,000, this property is a compelling prospect for investors seeking a healthy yield and minimal void periods.

The property currently generates a rental income of £850 per calendar month, equating to a gross yield of 7.03%. A rent increase has already been issued, which will elevate the rental income to £895 per calendar month, pushing the gross yield to an impressive 7.40%. This ensures immediate rental income upon completion, providing a seamless transition for any discerning investor.

Internally, the house features two well-proportioned reception rooms, offering versatile living spaces that can be adapted to suit various tenant needs. The modern fitted kitchen is both functional and stylish, providing a pleasant environment for cooking and dining. Upstairs, there are two comfortable double bedrooms, ensuring ample space for tenants. The property is serviced by a single, well-maintained bathroom.

Externally, the property benefits from a low-maintenance rear garden, a desirable feature for tenants seeking outdoor space without extensive upkeep. Its sought-after location in Derby further enhances its appeal, contributing to its history of minimal void periods and consistent tenant demand.

Additional practical benefits include an EPC Rating of C, indicating good energy efficiency, and a Council Tax Band A, which means lower running costs for future tenants. These factors collectively contribute to the property's attractiveness and long-term viability as an investment.

This terrace house represents a robust addition to any property portfolio, combining a desirable location, strong rental returns, and immediate income potential. Early viewing is highly recommended to fully appreciate the value and opportunity this property presents.
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.
Permit
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.
Ask agent

Manchester Street, Derby, Derbyshire, DE22 3GA

Approximate location
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

Affordability

Monthly repayments£728
Property: £ 145,000
Deposit: £ 14,500
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.
Extension 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.

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

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_764527803. 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.

Email agent

Call agent

Email agent