Property Description

An excellent freehold residential investment opportunity to acquire a substantial, brick built town house, comprising four self-contained flats just off Friar Gate in Derby city centre and within walking distance of the Ashbourne Road University campus. Up until July 2025 (3 flats occupied, 1 vacant) annual income produced a combined rent of £20,940 per annum. Flat 1 requires some improvement works and when finished we would anticipate a rental income of approximately £700 per calendar month. Fully let we expect a combined rental income of circa of £29,000 per annum. This would represent an impressive 16% return based on the guide price. In brief the uPVC double glazed and gas centrally heated living accommodation comprises a communal entrance hall. Flat One - lobby, living room, open plan kitchen, bathroom/wc, internal inner hall to lower ground floor, two bedrooms. Flat Two having its own access from the rear - kitchen, lounge with sun room area, bedroom, shower room/wc. First Floor: Landing. Flat Three - entrance lobby, living room, bathroom/wc, open plan lounge/bed-sitting room and access to conservatory area. Flat Four - entrance lobby, inner lobby, three double bedrooms, stairs to top floor with shower room and utility area, large lounge and kitchen. Outside to the front there is a small fore court and with basement pedestrian access leads to an enclosed rear garden. In our opinion there is scope for a rear extension subject to necessary planning consents.

Council Tax

Each flat is banded A for council tax purposes.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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