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£198,000 Guide price

3 bedroom Detached House for sale,
Osmaston Park Road, Derby, Derbyshire, DE24

Allison Pope Branch Manager
Allison Pope
Branch Manager
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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.

Osmaston Park Road, Derby, Derbyshire, DE24

Additional Information

  • Property ref
    ILK250399
  • EPC
    C
  • Tenure
    Freehold
  • Council Tax
    A
  • Local authority
    Derby City Council
Allison Pope Branch Manager
Allison Pope
Branch Manager

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Your Move Estate Agents Ilkeston

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45 Bath Street, Ilkeston, DE7 8AH
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Borrowing £178,200 and repaying over 25 years with a 2.5% interest rate.

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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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Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

70

Potential

77

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A