Property Description

An excellent high yielding Buy-To-Let residential investment opportunity to acquire a stylish, purpose built, two bedroomed first floor apartment with allocated parking space, situated within this gated development and located within walking distance of Derby city centre. The apartment is offered for sale with immediate vacant possession and was previously let at £800 per calendar month (£9,600 per annum). This would represent an impressive 12.8% return based on the current guide price. Internally there are some minor improvements required, however we are informed by the seller a new Glow Worm combination boiler was installed in March 2023 and is covered by a five-year parts and labour guarantee. A recommended internal inspection will reveal a secure ground floor communal entrance with stairs. The apartment has the benefit of being uPVC double glazed and gas centrally heated and in brief comprises entrance hallway, large open plan living fitted kitchen with built-in-appliances and views of the nearby church. Located off the hallway are two bedrooms and bathroom with three piece suite in white with shower over. Parliament Court is approached via an impressive electric gated entrance with block paved communal parking area along with well kept grounds. The property occupies a popular and strong letting location, conveniently positioned for the fashionable Friar Gate area of Derby, along with the University Campus.

Entrance Hallway

Accessed via secure communal areas with laminate flooring, gas central heating radiator, thermostat controls, entry phone system, doors to bedrooms and open plan living/dining/kitchen area.

Living/Dining/Kitchen Area

A spacious open plan living/dining/kitchen area with laminate flooring and gas central heating radiator, double glazed windows and TV point. The kitchen area comprises of matching modern wall and base units, integrated oven and hob, fridge/freezer, washing machine, extractor hood and stainless steel splashback.

Bedroom One

With double glazed window and gas central heating radiator.

Bedroom Two

With double glazed window and gas central heating radiator.

Bathroom

Fitted with a three piece suite comprising of panelled bath with shower over, low level wc and wash hand basin, part tiling to walls and gas central heating radiator.

Outside

Communal gardens and allocated parking space accessed via secure electric gates.

Leasehold Information

125 years from 1 April 2009. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Building Construction

Cavity wall, as built, insulated (assumed) - Information taken from EPC.

Flood Risk

Surface Water - Very Low

Broadband (estimated speeds)

Standard 16 mbps, Superfast 157 mbps and Ultrafast 1000 mbps show as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky and BT show as available in this location.

Tenure

Leasehold

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