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About this property

A tenanted mid terraced house offering two double bedrooms, two reception rooms, first floor bathroom and rear garden, being sold by the modern method of auction. This ready made buy to let investment opportunity is currently generating gross annual rental income of £8700 (9.7% yield), is being sold with the tenant in situ and benefits from gas central heating. To the ground floor there is a lounge with a decorative fireplace, inner hallway providing access to the cellar and a dining room on the rear leading to the kitchen. To the first floor there is a landing giving access to both double bedrooms and a family bathroom. To the rear there is a garden with a useful outhouse for storage. Viewing is essential.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation

Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information

Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent

information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase

price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the

Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the

service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.



Lounge


Lounge
3.7m x 3.45m
Wooden door from the front. Single glazed window to the front. Radiator, decorative cast iron fireplace, ceiling light rose, coving and doorway to the inner hallway.

Inner Hallway
Door to the cellar and dining room.

Dining Room
3.7m x 3.56m
Single glazed window to the rear. Radiator, electric fire, built-in storage cupboard with drawers, doors to the stairs and to the kitchen.

Kitchen
2.7m x 1.88m
Single glazed window to the side and part glazed door to the garden. Shelving, work surface with a one and half sink drainer. Space for an electric cooker, space for a fridge freezer and space for a washing machine. Quarry tiled flooring and electric heater.

Landing
Doors off to both bedrooms and bathroom.

Bedroom One
3.68m x 3.48m
UPVC double glazed window to the front. Radiator and decorative cast iron fireplace.

Bedroom Two
3.53m x 2.8m
Single glazed window to the rear. Radiator and built-in storage cupboard with loft access.

Bathroom
2.7m x 1.93m
Single glazed window to the rear. Three piece suite comprising a panelled bath, pedestal wash hand basin and WC. Heated towel rail, electric heater and built-in storage cupboard housing the wall mounted boiler.

Outside
To the rear there is a garden with a outhouse providing storage, lawn garden with path through and shrub boarders. There is a right of way path for neighbours.

Room details

  • Lounge
  • Lounge 3.7m x 3.45m
    Wooden door from the front. Single glazed window to the front. Radiator, decorative cast iron fireplace, ceiling light rose, coving and doorway to the inner hallway.
  • Inner Hallway
    Door to the cellar and dining room.
  • Dining Room 3.7m x 3.56m
    Single glazed window to the rear. Radiator, electric fire, built-in storage cupboard with drawers, doors to the stairs and to the kitchen.
  • Kitchen 2.7m x 1.88m
    Single glazed window to the side and part glazed door to the garden. Shelving, work surface with a one and half sink drainer. Space for an electric cooker, space for a fridge freezer and space for a washing machine. Quarry tiled flooring and electric heater.
  • Landing
    Doors off to both bedrooms and bathroom.
  • Bedroom One 3.68m x 3.48m
    UPVC double glazed window to the front. Radiator and decorative cast iron fireplace.
  • Bedroom Two 3.53m x 2.8m
    Single glazed window to the rear. Radiator and built-in storage cupboard with loft access.
  • Bathroom 2.7m x 1.93m
    Single glazed window to the rear. Three piece suite comprising a panelled bath, pedestal wash hand basin and WC. Heated towel rail, electric heater and built-in storage cupboard housing the wall mounted boiler.
  • Outside
    To the rear there is a garden with a outhouse providing storage, lawn garden with path through and shrub boarders. There is a right of way path for neighbours.

Key information

Council Tax Band: A

Tenure: Freehold

  • Utility supply:

    • Electric: Ask agent
    • Water: Ask agent
    • Heating: Ask agent
    • Broadband: Ask agent
    • Sewerage: Ask agent

    Rights and restrictions:

    • Private rights of way: Ask agent
    • Public rights of way: Ask agent
    • Listed property: Ask agent
    • Restrictions: Ask agent

    Risks:

    • Flooded in last 5 years: Ask agent
    • Flood defences: Ask agent
    • Source of flood: Ask agent

Energy Performance Certificate

EPC
  • Property responsive
    Manchester Street, Derby, Derbyshire, DE22 2 terraced house
    £
    £
    £
    Years
    %
    * Estimated monthly repayment: £...

    *Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable. If you would like guidance on the right mortgage for you, we recommend speaking to a Countrywide Mortgage Services Consultant who will be more than happy to help.

    The 4.7% annual interest rate is based on the Connells Group average mortgage interest rate taken from the period of 01/01/2024 – 31/12/2024 and is correct as at 13/02/2025.

Agent details

Derby

    41 Cornmarket
    Derby
    Derbyshire
    DE1 2DG
Phone Icon Icon set Phone 01332916021

Extras

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