£250,000PCM

Mill Hill Road, Derby, DE23

Description

£250,000PCM Mill Hill Road, Derby, DE23

** CASH BUYERS ONLY**

High Yield Investment Property - Six Self-Contained Studio Flats

This remarkable investment property offers an exceptional opportunity to acquire a high-yield asset with six self-contained studio flats. Situated within easy reach of the city centre and the bustling shopping centre this Victorian three-storey semi-detached house has been thoughtfully converted into six individual flats, six of which are currently occupied and generating an impressive annual income of £22,200.

The property presents significant potential for rental growth, and our expert analysis suggests a future rental income in the range of £28,000 to £29,000 per annum, making it an enticing prospect for savvy investors seeking lucrative returns.

Featuring uPVC double glazing throughout, the property's interior boasts a thoughtfully designed layout. The accommodation includes an inviting entrance hall and two self-contained studio flats on the ground floor. Ascending to the first and second floors, you will find four additional studio flats, each offering comfortable living spaces and private en-suite facilities.

Externally, the property offers a small forecourt to the front and an enclosed garden at the rear, providing a pleasant outdoor space for residents.

Located in an established residential area, the property benefits from its convenient proximity to the popular Normanton Road shopping centre, ensuring a steady demand for rental units in the neighborhood.

This freehold investment opportunity is sure to attract discerning investors looking to capitalize on its high yield potential and future rental growth prospects.

Property Details:
- High Yield Investment Property
- Six Self-Contained Studio Flats
- Current Annual Income: £22,200
- Potential Future Rental Income: £28,000-£29,000
- uPVC Double Glazing
- Convenient Residential Location
- Small Forecourt and Enclosed Garden
- Freehold Tenure

Don't miss out on this excellent investment prospect! To schedule a viewing, please contact our office at 01332 202520 or book online through our website. Act now to secure a promising addition to your investment portfolio.

Each flat has its own:

electric meters

- EPC

- EICR. Safe Electrical Installations


Studio Flat One

Consists of a bedroom/fitted kitchen with separate en-suite shower room. Let and producing £295 per calendar month.


Studio Flat Two

Consists of a bedroom/fitted kitchen with separate en-suite shower room. Let and producing £330 per calendar month.


First Floor Landing

Leading to -


Studio Flat Three

Consists of living room/bedroom with separate fitted kitchen and en-suite shower room. Let and producing £320 per calendar month.


Studio Flat Four

Consists of entrance hall, bedroom/living room and with separate en-suite shower room and a separate fitted kitchen. Let and producing £320 per calendar month.


Second Floor Landing

Leading to -


Studio Flat Five

Consists of bedroom/living room with separate fitted kitchen and en-suite shower room. Let and producing £300 per calendar month.


Studio Flat Six

Consisting of separate kitchenette, bedroom/living and en-suite shower room. Let and producing £320 per calendar month.


Outside

To the front there is a small forecourt and to the rear an enclosed garden.

 

Tenure
Freehold

Viewing Details

Viewings can be booked online by contacting our office on 01332 202520.

****ATTENTION LANDLORDS!!! *** 8% FULLY MANAGED****

Property Options Estate Agents also offer a professional Property MANAGEMENT service.  If  you are thinking of letting or just simply need some advice or help with your buy to let property please call the Lettings Team or just drop us an email we can call you back.  


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Features

Laminate Flooring, Shops and amenities nearby, Fitted Kitchen, Double glazing, Close to public transport

EPC

No EPC chart found

Map

Street View

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

Sold

End Terraced
6 bedroom(s)
6 bathroom(s)
0 receptions
Yes garden
Yes parking
0.00 sqm
N/A pets

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