Offers over
£165,000
(£202/sq. ft)
2 bed flat for saleLodge Lane, Derby, Derbyshire DE1
2 beds
2 baths
1 reception
818 sq. ft
EPC Rating: C
About this property
Top Floor Apartment
Two Double Bedrooms
Master With En Suite
Open Plan Living
Contemporary Decor Throughout
Walking Distance to Derby City Centre
No Upward Chain
The property is being sold with a tenant in situ, currently achieving £950 per calendar month, providing an immediate rental income and a gross yield of 6.9%. Whether you're looking to expand an existing portfolio or acquire your first buy-to-let investment, this property offers a ready-made income from day one.
Accessed via a secure communal entrance with intercom system, the apartment is finished to a high standard throughout. The welcoming entrance hallway leads to two generously sized double bedrooms, with the principal bedroom benefiting from a contemporary ensuite shower room, while the modern family bathroom is fitted with a stylish three-piece suite.
The standout feature of the property is the impressive open plan living and kitchen area. Filled with natural light from full height feature glazed windows, this bright and spacious room provides a modern living environment. The sleek fitted kitchen offers an excellent range of wall and base units, integrated appliances, and ample workspace, creating a practical yet stylish finish.
Externally, residents benefit from secure gated parking with an allocated parking space, together with well-maintained communal grounds.
Situated within easy reach of Derby City Centre, the property enjoys excellent access to shops, restaurants, transport links, major road networks, and local employers, making it a desirable location for tenants and supporting continued rental demand.
Offering immediate rental income, a 6.9% gross yield, a high specification finish and a sought-after city location, this is an excellent opportunity for investors seeking a well-presented, income-producing property.
Viewing is highly recommended to fully appreciate everything this apartment has to offer.
Mortgage calculator
£825 per month
70+ lenders and 10,000+ products
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (988 years)
Service charge
£1,680 per year
Council tax band
B
Ground rent
Ground rent date of next review



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