5 bed terraced house for sale

Fairfield Road, Buxton SK17

Investment Opportunity | £22,880 per annum Income | Let to Established Housing Trust | Hands-Off Investment | Long-Term Lease in Place | Freehold Property

National Residential are pleased to present this excellent income-producing investment property, comprising a substantial 4/5-bedroom mid-terrace house situated within walking distance of Buxton town centre.

A rare opportunity to acquire a fully income-producing investment property let to ark Housing Trust, an established registered charity and supported housing provider delivering accommodation and support services across more than 120 dwellings in Buxton and Stoke-on-Trent.

Investment Highlights
• Freehold
• Council tax band B
• Long-term lease to ark Housing Trust
• Fixed rental income of approximately £22,880 per annum
• Approximate 10% net return
• Repairing lease structure
• Minimal landlord responsibilities
• Strong tenant covenant through established housing provider

The property benefits from a long-term lease producing £22,880 per annum, providing immediate income from completion with no requirement to source tenants, manage occupancies or oversee day-to-day operations. Unlike a traditional HMO or buy-to-let investment, resident management, rent collection, tenancy administration and routine property oversight are undertaken by the Housing Trust, creating a genuinely passive investment opportunity.

Whilst the accommodation is arranged as a five-bedroom property, the Trust currently utilises four bedrooms for residents, with the fifth room retained as a dedicated counselling and support space for meetings and tenant welfare.

Accommodation
This spacious property is arranged over three floors and briefly comprises:
Ground Floor
• Kitchen / Dining Room
• Two Double Bedrooms – One With WC
First Floor
• Large Shower Room
• Two Further Double Bedrooms
Second Floor
• Spacious Attic Double Bedroom
The property further benefits from:
• Gas Central Heating
• Double Glazing Throughout

Compliance
The current operational model comprises four occupied letting rooms together with a dedicated counselling room. Under current local regulations this arrangement falls outside mandatory HMO licensing requirements, as the property is not occupied by five or more individuals forming two or more separate households.
Purchasers should satisfy themselves regarding any future licensing requirements should the use of the property change.

Location | Buxton, Derbyshire
Situated within easy walking distance of Buxton town centre, the property enjoys an excellent position within one of Derbyshire's most desirable market towns.
Buxton is renowned for its beautiful period architecture, spa heritage and strong tourism economy. The town offers a wide range of retail, leisure and cultural amenities including:
• The renowned Buxton Opera House
• Pavilion Gardens
• Independent shops, cafés and restaurants
• Supermarkets and everyday amenities
• Healthcare and educational facilities
For outdoor enthusiasts, the Peak District National Park and Derbyshire Dales are quite literally on the doorstep, offering some of the country's finest walking, cycling and countryside scenery.
The town is also well connected, with road and rail links providing access to Stockport, Sheffield, Chesterfield and Manchester city centre, supporting long-term demand for housing across the area.

Why This Investment Stands Out
• Secure lease already in place
• Income from day one
• Housing Trust tenant
• Repairing lease structure reducing landlord involvement
• Freehold ownership
• Strong rental performance
• Excellent town centre location
• Attractive long-term investment strategy
• Limited ongoing management requirements

For investors seeking dependable income, reduced management involvement and the security of an established charitable housing provider already in occupation, opportunities of this nature are rarely brought to market.

Viewings are highly recommended.

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.