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Dean Street, Derby

PROPERTY TYPE

Terraced

BEDROOMS

3

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

Key features

  • Terraced Home
  • No Upward Chain
  • Three Bedrooms / Four Rooms Let
  • Generating £1543 PCM
  • Sold with Tenants in Situ
  • Viewing Recommended
  • Yield of 13.22%
  • Council Tax Band A
  • Square Footage 738
  • EPC Rated D

Description

PROPERTY AND LOCATION A three-bedroom terraced property offered for sale with no upward chain. The property is currently configured to provide four individual room lets, making it potentially of interest to investors as well as buyers looking to return the accommodation to a more conventional family-home layout.
The existing arrangement offers income-generating potential, subject to the relevant tenancy, licensing and planning requirements.
The location is convenient for Derby city centre and a range of everyday amenities, making it well placed for both owner-occupiers and the rental market.
Local transport links are readily accessible, with bus stops on and around Dean Street and Derby railway station approximately 2 km (1.2 miles) away, providing connections to Nottingham, Birmingham, Leicester and further afield.
There is a good selection of shops and everyday services nearby, including a Sainsbury's approximately 0.3 miles away.
Combined with its proximity to the city centre and transport links, the location complements the property's current four-room letting arrangement and may be of particular interest to investors, subject to the necessary licensing, planning and regulatory requirements. Prospective purchasers should make their own enquiries regarding the current tenancies and any HMO or other regulatory requirements.
Our CGI generated images offer some inspiration as to how the property could look! 

LIVING ROOM 14' 3" x 10' 11" (4.34m x 3.33m) A generously proportioned living room with wood-effect flooring, neutral décor and a window providing natural light. The room incorporates the staircase to the first floor and offers ample space for a range of seating and freestanding furniture. 

KITCHEN 5' 7" x 8' 6" (1.7m x 2.59m) A galley-style kitchen with a range of wall and base units, work surfaces, stainless-steel sink and drainer, space for appliances and a large window providing plenty of natural light. 

REAR LOBBY A useful rear lobby providing access to the ground-floor bathroom and leading out to the rear garden. 

BATHROOM Ground-floor bathroom fitted with a three-piece suite comprising a panelled bath with shower over and glazed shower screen, pedestal wash hand basin and WC. A rear-facing window provides natural light and ventilation. 

ROOM FOUR 10' 11" x 11' 5" (3.33m x 3.48m) A generously proportioned ground-floor double room situated to the front of the property, benefiting from its own external front entrance. The room features a front-facing window providing natural light, a feature fireplace with timber surround and useful built-in storage. Its size provides ample space for bedroom furniture and a seating or study area, making it well suited to the property's current room-let arrangement. 

ROOM ONE 11' 3" x 11' 10" (3.43m x 3.61m) A well-proportioned bedroom offering comfortable accommodation with space for a bed and additional freestanding furniture. The room benefits from natural light, neutral décor and forms part of the property's current four-room letting arrangement. 

ROOM TWO 10' 11" x 7' 11" (3.33m x 2.41m) A well-proportioned double bedroom with a window providing natural light, neutral décor and a wall-mounted radiator. The room offers space for a bed together with additional freestanding furniture and forms part of the property's current four-room letting arrangement 

ROOM THREE 5' 8" x 8' 6" (1.73m x 2.59m) A single bedroom with a rear-facing window providing natural light, neutral décor and a wall-mounted radiator. The room provides space for a single bed and storage furniture and forms part of the property's current four-room letting arrangement. 

OUTSIDE To the rear is an enclosed low-maintenance garden, predominantly paved and bordered by brick-built boundaries. The garden also benefits from a timber storage shed and gated pedestrian access to the rear, providing useful external storage and access. 

LETTINGS NOTES The property is currently leased with four rooms receiving rent as below.
Room One £411pcm
Room Two £411pcm
Room Three £310pcm
Room Four £411pcm 

Brochures

Sales Brochure - ...
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.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
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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Dean Street, Derby

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Affordability

Monthly repayments£704
Property: £ 140,000
Deposit: £ 14,000
Interest rate: 5.35%
Term: 30 years
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Renovation potential
Recently sold & under offer
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About Martin & Co, Derby

1 Queen Street, Derby, DE1 3DL

Martin & Co is a family run estate agency situated in a prominent office on Queen Street, Derby. We specialise in marketing and selling homes within the city centre, surrounding suburbs and beyond. Sales manager Matthew Farnsworth has over 20 years experience in the property industry, ably supported by Simon Kelsey FNAEA and a dedicated team of Ruby, Yvie and Maddie. We also specialise in the marketing and sale of HMO properties, overseen by our managing director David McKnight. At Martin & Co, we’re passionate about helping your property stand out from the crowd, attracting the right buyer and achieving the best possible price.📞 Call us on 01332 650068 to discuss your property needs today.

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Disclaimer - Property reference 100691006267. 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 Martin & 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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