Alexandra Mill, Derby

Presenting an outstanding investment opportunity, this sizeable two-bedroom, first-floor apartment is ideally situated on Great Northern Road, Derby. Offered for sale with offers in the region of £105,000, this property is a compelling prospect for discerning investors seeking immediate returns and a prime location.
The apartment currently benefits from tenants in situ, generating a robust rental income of £895 per calendar month, equating to a gross annual income of £10,740. This translates to an impressive gross return on investment (ROI) of 10.47%, providing a strong and reliable income stream from day one. This makes it a truly 'turn-key' investment, eliminating the typical void periods and tenant sourcing efforts often associated with property acquisition.
Internally, the apartment offers well-proportioned living spaces designed for comfort and practicality. It features two generously sized bedrooms, providing ample space for residents. The heart of the home is a sizeable open-plan reception room, seamlessly integrated with the kitchen area. This contemporary layout creates a bright and inviting environment, perfect for modern living and entertaining. The kitchen is well-appointed, catering to everyday needs. Whilst the family bathroom provides shower over bath, W.C. and wash basin.
Further enhancing its appeal, the property includes allocated parking, a significant advantage in this popular area, ensuring convenience for residents. The location itself is a major draw, offering excellent connectivity and access to a wealth of amenities. Residents will appreciate being close to local shops, services, and public transport links. Derby City Centre, with its extensive range of retail, dining, and leisure facilities, is just a short distance away, making this an incredibly desirable place to live.
For commuters and those who travel frequently, the apartment's proximity to major travel routes is a distinct benefit, providing easy access to surrounding areas and beyond. This strategic location underpins the property's strong rental demand.
The property holds an EPC Rating of C, indicating good energy efficiency, which is attractive to tenants and helps manage running costs. The Council Tax Band is A, further contributing to its affordability. This combination of strong rental yield, desirable location, practical living spaces, and favourable running costs positions this apartment as an exceptional and secure investment. Early viewing is highly recommended to fully appreciate the value and potential on offer.
Leashold Property;
Service Charge & Ground rent; £2182 per annum
Years remaining on lease; 103 years
Buyers are advised to confirm the above details with solicitors when purchasing.
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.