2 bed terraced house for sale

Manchester Street, Derby, Derbyshire DE22

Investment Opportunity: Two-Bedroom Terrace In Derby With Soon To Be 7.40% Yield

Presenting an outstanding investment opportunity, this two-bedroom unfurnished terrace house is ideally situated on Manchester Street, Derby. Offered for sale with offers in the region of £145,000, this property is a compelling prospect for investors seeking a healthy yield and minimal void periods.

The property currently generates a rental income of £850 per calendar month, equating to a gross yield of 7.03%. A rent increase has already been issued, which will elevate the rental income to £895 per calendar month, pushing the gross yield to an impressive 7.40%. This ensures immediate rental income upon completion, providing a seamless transition for any discerning investor.

Internally, the house features two well-proportioned reception rooms, offering versatile living spaces that can be adapted to suit various tenant needs. The modern fitted kitchen is both functional and stylish, providing a pleasant environment for cooking and dining. Upstairs, there are two comfortable double bedrooms, ensuring ample space for tenants. The property is serviced by a single, well-maintained bathroom.

Externally, the property benefits from a low-maintenance rear garden, a desirable feature for tenants seeking outdoor space without extensive upkeep. Its sought-after location in Derby further enhances its appeal, contributing to its history of minimal void periods and consistent tenant demand.

Additional practical benefits include an EPC Rating of C, indicating good energy efficiency, and a Council Tax Band A, which means lower running costs for future tenants. These factors collectively contribute to the property's attractiveness and long-term viability as an investment.

This terrace house represents a robust addition to any property portfolio, combining a desirable location, strong rental returns, and immediate income potential. Early viewing is highly recommended to fully appreciate the value and opportunity this property presents.