Property Description

***Potential high yielding freehold residential investment opportunity*** Occupying an established and strong letting location, is an ex-local authority non-standard construction, four bedroomed mid-terraced property, offered for sale with immediate vacant possession. We are informed by the seller that the property was previously let as a HMO until September 2024 producing a combined gross income of £20,640 per annum. This would represent an impressive 18.8% return based on the guide price. Internally the well proportioned uPVC double glazed and gas centrally heated living accommodation in brief comprises of entrance hall with stairs, lounge, separate dining room and fitted kitchen with built-in-appliances. To the first floor landing there is a master bedroom with en-suite shower room, bedroom two with recessed shower cubicle, two further bedrooms and a family bathroom with three piece suite in white with shower. Outside the property is set nicely back from the road with fore garden which lends itself to creating a driveway, subject to the necessary planning consents. To the rear there is an enclosed garden with outbuildings. The property is situated on the outskirts of the popular suburb of Chaddesden positioned to the west of Derby, and has has an excellent range of amenities along with good road network connections providing swift access onto the city centre, Pride Park and the A52.

Entrance Hall

10ft 2 x 6ft 8

Lounge

16ft 1 into chimney recess x 13ft 10

Separate Dining Room

10ft 5 into chimney recess x 10ft 6

Fitted Kitchen

10ft 4 x 9ft 9

First Floor Landing

13ft 9 x 2ft 8

Master Bedroom

14ft 1 reducing to 10ft 2 x 9ft 8

Bedroom Two with recessed shower cubicle

9ft 3 x 9ft 2

Bedroom Three

10ft 6 x 7ft 4

Bedroom Four

8ft 9 x 7ft 3

Family Bathroom

6ft 1 x 5ft 5

Outside

Fore garden which lends itself to creating a driveway, subject to the necessary planning consents. To the rear there is an enclosed garden with outbuildings.

Flood Risk

Rivers and Seas - No Risk. Surface Water - Very Low.

Building Construction

Cavity wall, as built, no insulation (assumed) - Information taken from EPC.

Broadband (estimated speeds)

Standard 5 mbps, Superfast 41 mbps and Ultrafast 1000 mbps show as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky, Virgin and BT show as available in this location.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

---