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Flat 1 & Flat 2, 654 Osmaston Road, Derby DE24 8GSÂ
Auction date :Â Thursday 28th August 2025 9.00am
Property Description:
An excellent investment opportunity to purchase a semi detached home converted into two self contained apartments.
Each flat is let currently giving an overall income of ÂŁ14,940 per annum representing a yield of 14.23% against the guide price. There is further scope to upgrade, add value and increase the rental income.
Featuring a spacious layout, this semi detached house boasts two separate flats on each floor comprising of double bedroom, living room, kitchen, bathroom, for each flat providing ample living space for occupants. Each flat has its own gas meters and are gas centrally heated and electric sub meters and double glazed.
Located in a sought-after residential area, within easy reach of local shops, supermarkets, and well-regarded schools. There are also nearby parks and green spaces, ideal for leisure and recreation. Commuters will appreciate the excellent transport connections, with easy access to major roads such as the A52 and A38, linking to the M1 for travel further afield.
Derby city centre is just a short drive away, offering a wider range of shopping, dining, and entertainment options. Public transport is well-served by local bus routes, and Derby Railway Station provides direct services to major cities.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure:
Freehold. Subject to tenancy.
Utilities Information
Heating Supply: Double Glazing, Gas Central
Electric Supply: Mains Supply and sub meters
Water Supply: Mains Supply
Sewerage Arrangements: Mains Supply
Parking Arrangements
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of ÂŁ6,000 inc. VAT).Â
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
