2 bed flat for sale

Dickinson Street, Derby, Derbyshire DE24

Exceptional Investment: Two Flats, Potential Rental Income Circa £16,800 Per Annum

An outstanding and unique investment opportunity awaits in a popular rental location within Derby. This property comprises two distinct, self-contained one-bedroom flats, each offering a comfortable living space complete with a double bedroom, a well-appointed kitchen, a modern bathroom, and a dedicated reception room. These separate dwellings are confirmed by individual EPCs, council tax bands, boilers, and electrical systems, ensuring clear delineation and ease of management for investors.

The potential for capital growth here is truly immense. While some works are required, this presents a fantastic chance for a discerning buyer to add significant value and tailor the property to their exact specifications, maximising future returns. The current configuration already promises a robust rental income, estimated at circa £16,800 per annum, making it an attractive proposition for buy-to-let investors seeking strong yields and minimal void periods in a consistently sought-after area.

Adding to the property's exceptional appeal is the outline planning permission already secured for a third apartment in the rear garden. This offers an unparalleled opportunity to further expand the portfolio and significantly increase the overall income potential and asset value. Imagine the possibilities of developing this additional unit, transforming an already lucrative investment into an even more substantial income-generating asset.

Both existing flats benefit from their own independent amenities, ensuring privacy and convenience for tenants. The location in Derby is highly desirable for renters, contributing to the expectation of minimal void periods and consistent occupancy. On-street parking is available, a practical benefit for residents.

This property is offered at Offers In Region Of (oiro) £150,000, representing a compelling entry point into a high-potential investment. With EPC Ratings of D and Council Tax Band A for both units, the running costs are also favourable. This is more than just a property; it is a strategic investment in a thriving rental market with clear pathways for significant capital appreciation and enhanced rental yield. Do not miss this rare chance to acquire a versatile asset with proven income potential and exciting development prospects.