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Property ID: 215728762
Monthly Income
£4,178
Current Yield
16.0%
Tenancy status
Tenanted
CapitalAppreciation
+4.5%
Exclusive Investment Grade Opportunity

Our latest listing is a portfolio of 6 flats in Derby. They are currently generating steady, rewarding rental returns for the current landlord. For investors looking for a rewarding investment, this is a brilliant opportunity!


This multi-unit property consists of 6 bedrooms, lounge, kitchen and bathroom in good condition, including amenities like utility area and allocated parking space. It is situated in a city centre location with close proximity to local amenities and fantastic transport links throughout.


Investment Details


It currently produces an annual gross income of £50,136 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.


Key Selling Advantage: Selling these six apartments to one investor would allow them to take over the management of the entire block. These units make up 50% of the block (12 apartments total), granting the investor the right-to-manage advantage.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income4178/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£4178 pcm
Current Rental Yield
16.0%
Potential Market Value Rent
£4178 pcm
Potential Rental Yield
16.0%
Estimated Monthly Capital Appreciation
£1181
Area Capital Appreciation Rate
+4.5%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 170 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided to Let Property and has been Verified.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

EPC

EPC documentation has been provided to Let Property and has been Verified.

Interactive street-level view of the property location and surrounding area.

Ground Rent
£125
Factor Fees/Running Costs
£1,020
Total Estimated Costs
£1145
EPC Rating
EPC image not availableCheck EPC documents below
EPC Documents
Floor plans
Floor plan not availableNo floor plan image for this property
Floor Plan Documents
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Yearly Net Profit
Current Yearly Rent
£50,136
Annual Capital
Appreciation
£6,300
Yearly Ground Rent
£1,500
Yearly Factor Fee /
Service Charge
£12,240
Other Yearly Costs
None
Indicated
Annual Net Returns
£42,696