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SOLD STC

Merchant Street, Derby, Derbyshire, DE22 3AQ

PROPERTY TYPE

Terraced

BEDROOMS

2

BATHROOMS

1

SIZE

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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

  • Ideally Situated Two Bedroom Mid Terrace
  • Recently Re-Painted Throughout
  • Superb Investment Opportunity, Can Be Rented As A Three Bed. Rear Reception Could Be Bedroom
  • Potential Rental Income £950pcm, Potential Gross Yield Of 8.44%
  • Two Double Bedrooms Upstairs
  • Modern Fitted Bathroom Upstairs, With Shower Over Bath
  • Low Maintenance Rear Garden With Out Building
  • Close To Local Amenities And Travel Routes
  • EPC Rating - D
  • Council Tax Band - A

Description

Discover an exceptional investment opportunity or a delightful first home with this ideally situated two-bedroom mid-terrace house on Merchant Street, Derby. Offered with a guide price of £135,000 - £139,000, this property has recently undergone a full re-paint throughout, ensuring it is presented in a good condition, ready for immediate occupancy or rental.

The versatile layout of this home is a significant advantage. While currently configured with two reception rooms, the rear reception room offers excellent potential to be used as a third bedroom, significantly enhancing its appeal for families or as a lucrative rental property. This flexibility allows for a potential rental income of £950 per calendar month, translating to an impressive potential gross yield of 8.44%. This makes it a highly attractive proposition for buy-to-let investors seeking strong returns in a desirable location.

Upstairs, the property boasts two generously sized double bedrooms, providing comfortable living spaces. The modern fitted bathroom, also located on the first floor, features a shower over the bath, offering both convenience and contemporary style. The thoughtful design ensures that all essential amenities are easily accessible and well-maintained.

Externally, the property benefits from a low-maintenance rear garden, perfect for those seeking outdoor space without extensive upkeep. A useful outbuilding provides additional storage, adding to the practicality of the home. The garden offers a private area for relaxation or entertaining, making it a valuable asset in an urban setting.

Location is key, and this property excels in that regard. Situated close to local amenities, residents will find shops, schools, and services within easy reach. Excellent travel routes are also nearby, providing convenient access to Derby city centre and beyond, ideal for commuters or those wishing to explore the wider area. The property holds an EPC Rating of D and falls within Council Tax Band A, indicating reasonable running costs.

This Merchant Street residence combines comfort, convenience, and significant investment potential. Whether you are a first-time buyer looking for a well-located home with room to grow, or an astute investor seeking a high-yield property with flexible living arrangements, this mid-terrace house is a must-see. Its recent refurbishment, adaptable layout, and strong rental prospects make it a standout option in the current market. Contact us today to arrange a viewing and explore the full potential of this superb Derby home.
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.
Back garden
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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Merchant Street, Derby, Derbyshire, DE22 3AQ

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Affordability

Monthly repayments£677
Property: £ 135,000
Deposit: £ 13,500
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.
Extension potential
Recently sold & under offer
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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.

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Disclaimer - Property reference PRF_DRB_LFSYCL_575_764517787. 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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