1 bed flat for sale

South Street, Derby DE1

First floor apartment - close to derby city centre - offered for sale with no onward chain - long lease Located close to Derby City Centre is this one bedroom first floor apartment. In brief the gas centrally heated accommodation comprises of entrance hall with useful storage cupboard, open plan kitchen/lounge, one bedroom and bathroom. The property benefits from an allocated parking space.

Entrance hall With useful storage cupboard housing central heating boiler. Central heating radiator.

Open plan living kitchen 14' 7" x 13' 2" (4.47m x 4.02m) A spacious open-plan living area incorporating a modern fitted kitchen with a range of wall and base units, complementary work surfaces and a stainless steel sink with mixer tap. Integrated appliances include an electric oven with four-ring gas hob and extractor hood above, with additional space for a freestanding fridge freezer and plumbing for a washing machine. The kitchen benefits from wood-effect flooring, while the lounge area is carpeted, providing a comfortable space for relaxing and dining. Further benefiting from a double-glazed window to the front elevation and a central heating radiator.

Bedroom 10' 0" x 8' 9" (3.07m x 2.69m) A well-proportioned bedroom benefiting from a uPVC-framed double-glazed window to the rear elevation, central heating radiator and carpeted flooring. Further featuring wall-mounted shelving, providing additional storage space.

Bathroom Fitted with a white three-piece suite comprising a panelled bath with shower over, wash hand basin and low-level WC. Further benefiting from partially tiled walls, wood-effect flooring and a double-glazed window to the rear elevation.

Outside The property benefits from an allocated parking space within the communal driveway, providing convenient off-road parking. The shared driveway offers access to the building and its parking facilities.

Lease details Lease details are still being compiled at this time and we will be confirmed shortly.

Lease details Ground rent £0
Service charge £2256.44
Lease 999 years from 2007

lettings notes We have taken advice from our lettings team, who have provided an estimated rental value of £695 pcm.

Should you require any further information or wish to discuss the rental valuation in more detail, please contact our Derby team at .

Nb Included within this advert are a selection of ai generated images to show how the apartment could appear once furnished.

Gross yield calculation

For a purchase price of £65,000 and monthly rental income of £695:
Monthly rent: £695
Annual rent: £695 × 12 = £8,340
Gross rental yield:
£8,340 ÷ £65,000 × 100 = 12.83%

The yield quoted is prior to the service charge and any management fees being deducted.