Yieldit are pleased to offer to the market this tenanted investment
opportunity generating a high 6. 14% net yield.
The apartment benefits from an open plan living/ kitchen diner area, spacious
double bedroom and family bathroom with three piece suite.
The property is in an enviable location, being within easy reach of Derby City
centre and all the necessary local amenities. It makes the ideal let for
working professionals being just a 10 minute walk to the town centre and a
short drive to Derby Hospital and Derby University. Derby has excellent
transport links by road and it is well served by rail having direct services
to Nottingham, Leicester, Sheffield, Leeds, Birmingham and London making it an
ideal location for renters and commuters alike.
The construction of the HS2 route in Derbyshire will strengthen the North's
links with the South and experts anticipate that its construction will create
thousands of jobs, provide a boost to the economy, create local opportunities
as well as of course, improving journey times.
The area of DE22 is increasingly popular, it recorded 627 transactions over
the last 12 months which is 262. 1% higher than the national average and its 2
year price growth is 1. 6 times the national average (Mouse price). In addition
to this, house prices in the area have increased by 10% since 2019, meaning
now is the perfect time invest. Don't miss out and enquire today to discuss
with our property consultants.
**Financial Breakdown**
Gross rent: £6, 660
Ground rent: £250
Service charge: £1, 500
Net income: £4, 910
Gross yield: 8. 33%
Net yield: 6. 14%
**Important Note To Purchasers**
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general
outline only for guidance, and do not constitute any part of an offer or
contract. Neither Yieldit nor the vendor or lessor accept any responsibility
in respect of these particulars, which are not intended to be statements or
representations of fact and any intending purchaser must satisfy himself by
inspection or otherwise as to the correctness of each of the statements
contained in these particulars.
Yieldit ref: Yl - 07511

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