2 bed flat for sale

Priory Heights Court, Derby, Derbyshire DE23

Superb Investment Opportunity: Two-Bed Apartment In Sought After Priory Heights Court

Presenting an outstanding investment opportunity, this two-double bedroom, first-floor apartment is situated within the highly desirable Priory Heights Court in Derby. This property is specifically tailored for both experienced and first-time investors, promising a robust return and consistent rental income.

The apartment boasts a potential rental income of £995 per calendar month, translating to a potential gross annual income of £10,800. With a fixed listing price of £157,500, this offers an attractive Gross Return on Investment (ROI) of 6.85%. The location and property type are known for minimal void periods, ensuring a steady income stream for landlords.

Internally, the property comprises two well-proportioned double bedrooms, two modern bathrooms, and a comfortable reception room with open plan kitchen, providing ample living space. The layout is practical and appealing to prospective tenants, ensuring ease of letting. The property benefits from a long lease, with an estimated 979 years remaining, offering peace of mind and long-term security for the owner.

Further enhancing its appeal, the apartment includes allocated parking for one vehicle, a significant advantage in many residential areas. The property holds an excellent Energy Performance Certificate (EPC) rating of B, indicating high energy efficiency, which is attractive to tenants due to lower utility costs. The Council Tax Band is C.

Priory Heights Court is a sought-after development, known for its convenient location and well-maintained surroundings. Derby itself is a vibrant city with strong rental demand, driven by its growing economy, educational institutions, and transport links. This makes the apartment an ideal addition to any property portfolio or a superb starting point for those new to property investment.

This is a rare chance to acquire a high-performing asset in a prime location. Early viewing is highly recommended to fully appreciate the potential and quality of this investment.

To the best of our knowledge;

Ground Rent; £170
Service charge; £1482 per annum

Buyers are advised to obtain