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2 bedroom semi-detached house for sale
Priorway Avenue, DE72
£172,500
Priorway Avenue, DE72
£172,500
Our Summary
- Property Overview Pure Investor is pleased to present this excellent investment opportunity in the heart of the popular village of Borrowash, Derbyshire
- 6% Tenant Type Long-term (7 years) Freehold Yes * No additional service charges or ground rent * Ideal "hands-off" investment * Potential for future rental uplift or resale Location Highlights Borrowash is a desirable suburb of Derby, offering a peaceful community atmosphere, yet with easy access to: * Derby city centre (under 15 minutes' drive) * Excellent schools and amenities * A52 and M1 for commuter links * Shops, local services and green spaces within walking distance Additional Information * EPC Rating: E * Council Tax Band: A * Tenancy Agreement: AST in place
Description
This property at 90 Priorway Avenue in Borrowash, Derbyshire, is a freehold two-bedroom semi-detached house that offers a strong investment opportunity. The property is currently let to long-standing tenants who have been in situ for 7 years, paying £800 per calendar month. The asking price is over £172,500, which represents a gross yield of approximately 5.6%. The property has a spacious living area, private rear garden, and is located in a quiet residential street. The tenants have maintained the property well, and the current rental income is £9,600 per annum. The property is freehold, with no additional service charges or ground rent, making it an ideal "hands-off" investment. Borrowash is a desirable suburb of Derby, offering a peaceful community atmosphere and easy access to the city centre, excellent schools, and amenities.