3 bed semi-detached house for sale

Derby Road, Derby DE73

Attractive Freehold Semi-Commercial Investment – Projected 8.5% Yield in Sought-After Derby Suburb

National Residential are pleased to present this well-located semi-commercial freehold investment, situated on a prominent stretch of Derby Road in the popular Chellaston area, south of Derby city centre. The property comprises a ground floor commercial unit currently let as a vape shop, and a well-presented two-bedroom flat on the first floor with separate access.
This versatile investment offers two reliable income streams and is located in an area with strong tenant demand and excellent long-term growth potential.

Investment Overview:
• Freehold semi-detached property
• Projected gross rental income: £16,500 per annum
o Ground floor commercial: Currently let at £600 pcm (contract ends 31st July). Estimated re-let value: £700–£750 pcm
o First floor flat: Currently let at £675 pcm
• Guide price: £190,000
• Projected gross yield: 8.5% (based on £700 pcm commercial rent)
• No service charges or ground rent – low ongoing costs

Property Breakdown:
Ground Floor – Commercial Unit
• Retail shop frontage directly onto Derby Road
• WC, kitchenette, and rear storage area
• Separate access from the residential unit
• Let until end of 31st July at £600 pcm; the vendor believes a realistic re-let value is in the region of £700–£750 pcm
First Floor – Two-Bedroom Flat
• Accessed via a private entrance
• Comprising a spacious lounge, separate fitted kitchen, bathroom, and two double bedrooms
• Possible for the lounge to be used as a third bedroom but would reduce joint living space
• Currently let at £675 pcm

Location and Local Demand:
Chellaston is a well-regarded suburb of Derby, popular with both residential tenants and commercial operators due to its blend of strong local amenities, good schools, and excellent transport links. The property enjoys a prominent position on Derby Road, a key route through the area with regular passing traffic and good visibility for commercial use.
The area benefits from a range of local conveniences including supermarkets, independent shops, cafés, public houses, hair and beauty salons, medical practices, and pharmacies. Schools in the vicinity include Chellaston Academy, as well as other primary and secondary options in nearby Shelton Lock and Alvaston.
There are regular bus services into Derby city centre, which is approximately 4 miles to the north, offering wider employment and retail opportunities. The location also provides quick and convenient access to major road links including the A50, A38, and M1, making it attractive to commuting professionals. This connectivity, combined with the area’s established residential character, makes it a consistently popular choice for tenants.

Summary:
This is a solid and straightforward investment opportunity offering stable income from both commercial and residential lettings, in a well-established suburban location. With strong rental demand, minimal overheads, and a projected yield of 8.5%, the property represents a smart addition to any investor’s portfolio.

For further information or to arrange a viewing, please contact our dedicated sales team today.

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.