This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£198,000
3 bedroom Detached House for sale, Osmaston Park Road, Derby, Derbyshire, DE24
Features and Description
- ** AUCTION SALE **
- . Three self-contained one-bedroom flats
- Immediate rental income from tenants
- Potential to develop up to nine units
- Excellent public transport links
- Close to local amenities
- Shared parking facilities
- Sought-after investment location
- Attractive to a variety of tenants
- Ideal for portfolio expansion
Presenting an exceptional investment opportunity in a sought-after location, this development property comprises three one-bedroom flats, each benefiting from its own kitchen, bathroom, and reception room, along with shared parking facilities. Currently, two of the three flats are occupied, providing immediate rental income for prospective investors.
The property offers separate amenities for each unit, ensuring attractive and practical living arrangements for tenants. Notably, there is significant potential for further development, with the possibility of expanding the site to accommodate seven to nine one-bedroom apartments, subject to the necessary planning permissions. This adds a substantial prospect for increased rental yield and capital appreciation.
Situated in an area that boasts excellent public transport links and close proximity to a wide range of local amenities, this property is ideally positioned to appeal to a variety of tenants, making it a promising addition to any investment portfolio. The shared parking is an additional valuable feature, providing convenience and enhanced appeal for residents.
Offering a rare combination of existing income and development potential, this property is perfectly suited to investors looking to expand their portfolio or undertake a project in one of the area’s most desirable locations. Early viewing is highly recommended to fully appreciate the opportunities this versatile property presents.
Location
Situated opposite Osmaston park, on a large cornor plot close to retail parka and MacDonald's.
Auction
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 28 Day ReservationPeriod. Interested parties’ personal data will be shared with the Auctioneer (i am sold Ltd).If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer InformationPack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack.The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchaseprice inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during theReservation 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 theservice is taken. Payment varies but will be no more than £450. These services are optional.
Flat 343
Rear ground floor. Open plan kitchen, Lounge. Double doors to double bedroom and En-suite shower room with electric shower.
Flat 343a
Front access door with fitted kitchen, lounge . double bedroom and En-suite shower room.
Flat 343a
Side door and separate passageway. Fitted kitchen, lounge, double bedroom and bathroom.
Outside
Have a raised rear year with separate patio areas. There are steps leading down to a large fenced concreate parking area. The parking can be accessed via double gates and there are two large shipping containers
Tenure
Freehold
Derby City Council
Band A
Current rent
Please note at present two out of the three units are let on a short term basis. Both tenants can be given 2 months notice and are currently paying £450 + £400pcm.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Osmaston Park Road, Derby, Derbyshire, DE24
Additional Information
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Property refILK250399
-
EPCC
-
TenureFreehold
-
Council TaxA
-
Local authorityDerby City Council
Do you have a property you need to sell?
Your Move Estate Agents Ilkeston
Your Move Ilkeston
45 Bath Street, Ilkeston, DE7 8AH
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
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Borrowing £178,200 and repaying over 25 years with a 2.5% interest rate.
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Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
70Potential
77CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs