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2 bed property, in Derby Road, £199,999
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2 bed detached house

Derby Road, Loughborough LE11
Planning
£199,999

Our Summary

  • Planning Consent for Third Flat Granted
  • SUMMARY A FANTASTIC INVESTMENT OPPORTUNITY- with scope for further development
  • We are delighted to offer for sale this detached property which is currently split into two individual apartments with PLANNING CONSENT APPROVED for a further apartment, currently generating £17,400 per annum in rental income
  • DESCRIPTION A FANTASTIC INVESTMENT OPPORTUNITY - NO CHAIN
  • with scope for further development
  • We are delighted to offer for sale this detached property which is currently split into two individual appartments with PLANNING CONSENT APPROVED for the creation of a further apartment - full planning details can be found at Charnwood Borough Council under planning reference P/23/0321/2 The property is currently made up as follows - Apartment 201A - Ground Floor Apartment comprising of Hallway, Living Room, Kitchen area, Bedroom and Bathroom, let under a periodic assured shorthold tenancy currently generating an income of £8,700 per annum
  • Planning Consent There is planning consent granted for the creation of a second floor, third apartment which can be found under planning reference P/23/0321/2 at Charnwood Borough Council, which can generate £8,700 per annum upon completion

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Description

The property is a detached property with two individual apartments, currently split into two separate units. Apartment 201A is a ground floor apartment with a hallway, living room, kitchen area, bedroom, and bathroom, currently generating an income of £8,700 per annum. Apartment 201B is a first floor apartment with a hallway, living room, kitchen area, bedroom, and shower room, also currently generating an income of £8,700 per annum.

Planning consent has been approved to create a third apartment on the second floor, which would generate an additional income of £8,700 per annum. The property benefits from new flooring, replastered walls, extended kitchen countertops, a brand new kitchen, and a brand new bathroom suite in the respective apartments.