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Leopold Street, Derby, Derbyshire, DE1 2HF

PROPERTY TYPE

End of Terrace

BEDROOMS

5

BATHROOMS

5

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

Key features

  • Attention Investors, Five Self Contained, Freehold Apartments Available With No Onward Chain
  • Made Up Of; 4 One Bedroom Apartments And One Studio Apartment
  • To Be Sold With Vacant Possession And Is Rental Market Ready
  • Potential Gross Rental Income Of £3,250pcm = £39,000 Per Annum
  • Potential Gross Yield; 13.22%
  • Recently Re-Carpeted And Re-Painted Throughout
  • Ideally Situated In A Prime Renting Location, Offering Minimal Void Periods
  • All With Separate EPC's, Separate Electric Meters And Separate Consumer Units
  • Superb Opportunity To Start Of Or Grow Your Rental Portfolio
  • Close To Derby City Centre, With Great Local Amenities And Travel Routes

Description

Attention investors, seize a superb opportunity to either commence or significantly expand your rental portfolio with this freehold property in Derby. Available with no onward chain, this offering comprises five self-contained apartments, meticulously prepared for the rental market. The configuration includes four spacious one-bedroom apartments and one well-appointed studio apartment, all to be sold with vacant possession.

This property has recently undergone a cosmetic refurbishment, featuring new carpets and fresh paintwork throughout, ensuring it is immediately rental market ready. Each apartment benefits from its own separate EPC, individual electric meter, and dedicated consumer unit, streamlining management and utility billing for future tenants and landlords alike. This level of separation is a significant advantage, offering clarity and ease of operation.

Strategically situated in a prime renting location within Derby, this investment promises minimal void periods, a crucial factor for maximising returns. Its proximity to Derby City Centre ensures tenants have convenient access to a wide array of local amenities, including shopping, dining, and entertainment options. Furthermore, excellent travel routes are readily accessible, enhancing the appeal for commuters and those requiring easy access around the city and beyond.

The financial projections for this investment are particularly compelling. With a potential gross rental income of £3,250 per calendar month, equating to an impressive £39,000 per annum, the property offers a potential gross yield of 13.22% based on the asking price of Offers In Region Of (OIRO) £295,000. This robust yield underscores the property's strong income-generating potential, making it an attractive proposition for discerning investors.

Whether you are a seasoned investor looking to diversify or a newcomer eager to enter the buy-to-let market, this property presents a rare chance to acquire a ready-made, high-yielding asset. The combination of multiple self-contained units, recent refurbishment, prime location, and strong financial outlook makes this an unmissable investment. Contact us today to arrange a viewing and explore the full potential of this outstanding Derby property.

Landlord will be responsible for the council tax (banded for the building, not each apartment) and the water rates (one for the building, not each apartment). However, there is potential for these to be split for each individual flat, buyers are advised to seek further clarification.
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.
Permit
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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Leopold Street, Derby, Derbyshire, DE1 2HF

Approximate location

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Affordability

Monthly repayments£1,485
Property: £ 295,000
Deposit: £ 29,500
Interest rate: 5.36%
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
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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_764516984. 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.

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