Leopold Street, Derby

Attention investors, seize a superb opportunity to either commence or significantly expand your rental portfolio with this freehold property in Derby. Available with no onward chain, this offering comprises five self-contained apartments, meticulously prepared for the rental market. The configuration includes four spacious one-bedroom apartments and one well-appointed studio apartment, all to be sold with vacant possession.
This property has recently undergone a cosmetic refurbishment, featuring new carpets and fresh paintwork throughout, ensuring it is immediately rental market ready. Each apartment benefits from its own separate EPC, individual electric meter, and dedicated consumer unit, streamlining management and utility billing for future tenants and landlords alike. This level of separation is a significant advantage, offering clarity and ease of operation.
Strategically situated in a prime renting location within Derby, this investment promises minimal void periods, a crucial factor for maximising returns. Its proximity to Derby City Centre ensures tenants have convenient access to a wide array of local amenities, including shopping, dining, and entertainment options. Furthermore, excellent travel routes are readily accessible, enhancing the appeal for commuters and those requiring easy access around the city and beyond.
The financial projections for this investment are particularly compelling. With a potential gross rental income of £3,250 per calendar month, equating to an impressive £39,000 per annum, the property offers a potential gross yield of 13.22% based on the asking price of Offers In Region Of (OIRO) £295,000. This robust yield underscores the property's strong income-generating potential, making it an attractive proposition for discerning investors.
Whether you are a seasoned investor looking to diversify or a newcomer eager to enter the buy-to-let market, this property presents a rare chance to acquire a ready-made, high-yielding asset. The combination of multiple self-contained units, recent refurbishment, prime location, and strong financial outlook makes this an unmissable investment. Contact us today to arrange a viewing and explore the full potential of this outstanding Derby property.
Landlord will be responsible for the council tax (banded for the building, not each apartment) and the water rates (one for the building, not each apartment). However, there is potential for these to be split for each individual flat, buyers are advised to seek further clarification.
Please note that, should your offer be accepted and the property be marked as Sold Subject to Contract (SSTC), an Anti-Money Laundering (AML) compliance fee will be payable for each buyer. This fee covers the required identity verification and compliance checks. Full details of the fee will be provided by Cope & Co.