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 propertys 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

Dont 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.

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