2 bed flat for sale

Rowleys Mill, Uttoxeter New Road, Derby, Derbyshire DE22

Excellent Two-Bed Apartment: Ideal Investment Or First-Time Purchase

Presenting an outstanding opportunity to acquire a two-bedroom apartment on Uttoxeter New Road, Derby, available for sale at a fixed price of £102,500. This property is perfectly suited for both astute investors seeking a high-yield asset and first-time buyers looking for an accessible entry into the property market.

For investors, this apartment offers an immediate income stream with a current tenant in situ, paying £850 per calendar month. This translates to a potential gross yield of an impressive 9.95%, making it a highly attractive addition to any portfolio. The property's desirable location ensures minimal void periods, providing consistent rental returns. Furthermore, the leasehold boasts approximately 978 years remaining, offering long-term security and peace of mind.

First-time buyers will appreciate the spacious and well-proportioned accommodation. The apartment features two comfortable bedrooms, a single reception room, and a separate kitchen, providing ample space for modern living. The layout is thoughtfully designed, ensuring a practical and comfortable environment. The property benefits from an EPC Rating of C, indicating good energy efficiency, and falls within Council Tax Band B, contributing to lower running costs.

Located on Uttoxeter New Road, the apartment enjoys excellent connectivity and access to local amenities. Derby city centre is easily reachable, offering a wide array of shopping, dining, and entertainment options. Transport links are convenient, making commuting straightforward for residents. The area is well-regarded, enhancing the property's appeal to both tenants and owner-occupiers.

The interior of the apartment is ready for immediate occupation, whether by a new owner or continuing tenant. The separate kitchen provides a dedicated space for culinary activities, while the reception room offers a comfortable area for relaxation and entertaining. The two bedrooms are generously sized, accommodating various furniture arrangements and providing private retreats. The single bathroom is well-maintained and functional.

This property represents a rare blend of investment potential and an ideal first home. Its strong rental yield, coupled with the long lease and desirable location, makes it a compelling proposition. We highly recommend an early viewing to fully appreciate the value and opportunities this superb apartment offers. Contact our estate agent today to arrange your visit and avoid missing out on this exceptional property.

Current ground rent; £12 per annum
Current Service Charge; £1709 per annum
Current years left on lease; Circa 978

All buyers are advised to check the above details inline with a purchase