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£117,500
Wilmorton, Derby
- 2 beds
£117,500
- 2 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£536 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£5,875
Property listed by:
Pure Investor
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Property Highlights:
- 2 Double Bedrooms
- 2 Bathrooms (Including En-Suite)
- Allocated Parking Space
- Modern Interior with Double Glazing
- Sought-After Residential Development in Wilmorton
- Spacious Lounge with French Doors to Front
- Secure Entry & Low Maintenance Investment
- Close to Derby City Centre, Pride Park, and A6/A52
Investment Information:
Metric Value Asking Price £117,500 Monthly Rent £795pcm Annual Income £9,540 p.a. Gross Yield 8.1% Service Charge £1,908.52 p.a. Ground Rent £165.00 p.a. Net Yield 6.4%Property Description:
A well-maintained two-bedroom ground-floor apartment ideally positioned for professionals working in Derby City Centre, Pride Park, or Rolls-Royce. Set within a quiet residential development, this spacious and bright apartment offers generous living accommodation and excellent investment credentials.
- Entrance Hallway
With a secure UPVC front door, electric heater, and access to all rooms. - Lounge – 16’6′′ x 13’5′′ (5.04m x 4.10m)
Bright and spacious living space with UPVC front window, French doors leading outside, and twin electric heaters. - Kitchen – 7’11” x 7’7′′ (2.42m x 2.32m)
Modern kitchen with integrated oven, hob, extractor fan, fridge-freezer, and washer/dryer. Stainless steel sink and wall/base units with vinyl flooring. - Bedroom One – 12’7′′ x 8’8′′ (3.84m x 2.65m)
Double bedroom with UPVC window, electric heater, and access to a private: - En-Suite Shower Room
With a walk-in shower, pedestal sink, WC, tiling, extractor, and vinyl flooring. - Bedroom Two – 11’9′′ x 8’4′′ (3.60m x 2.55m)
Another well-proportioned double bedroom with UPVC window and electric heater. - Main Bathroom
Fitted with a three-piece suite including bath, WC, pedestal sink, tiling, extractor, and wall heater. - External
Private allocated parking space included—well-kept communal areas.
Lease & Tenure Information:
- Leasehold – 155 years from 1st June 2006 (approx. 138 years remaining)
- Service Charge: £1,908.52 p.a.
- Ground Rent: £165.00 p.a.
Location Information:
- 5 mins to Derby City Centre
- Close to Derby Train Station
- Near Pride Park, Rolls-Royce, Bombardier
- Easy access to A6, A52, and M1
Investment Potential:
This is a turnkey, income-ready investment in a strong rental market. The location, modern specification, and 2-bed/2-bath layout make it particularly attractive to:
- Young professionals
- Hospital/University workers
- Long-term tenants seeking convenience & parking
Mortgage calculator
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£536 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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