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2 bedroom flat for sale
Searl Street, Derby, Derbyshire DE1
£120,000
Searl Street, Derby, Derbyshire DE1
£120,000
Our Summary
- This ideal buy to let investment opportunity is currently generating annual rental income of £8,700 and is located within a building with a lift and benefits from electric heating and double glazing
Description
This modern first-floor apartment is an ideal buy-to-let investment opportunity, located in the city centre close to university buildings. The property offers two bedrooms, an open-plan kitchen-lounge-diner with a balcony, and allocated parking. With a tenant in situ, the property is currently generating an annual rental income of £8,700, providing a 6.9% return. The apartment features a wide hallway with storage, a light and spacious living area, and a bathroom with a three-piece suite. The property benefits from electric heating, double glazing, and a lift, and is situated within a building with a residents' car park. With 82 years remaining on the lease and an annual service charge of £1872.96, this property offers a stable and lucrative investment opportunity.