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) Modern fitted kitchen with a range of eye-level and base units providing work surface, storage, and space for appliances. Stainless steel sink unit with mixer tap, electric oven with four-ring gas hob over and space for a freestanding fridge freezer. Plumbing for a washing machine. The kitchen is open plan to the lounge and benefits from a double glazed window to the front elevation and central heating radiator.

Bedroom 10' 0" x 8' 9" (3.07m x 2.69m) With uPVC framed double glazed window to the rear elevation. Central heating radiator.

Bathroom A suite in white comprising of panelled bath with shower over, wash hand basin and WC. Double glazed window to the rear elevation.

Outside The property benefits from an allocated parking space on the driveway.

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.