1 Windmill Hill Lane
Derby
Derbyshire
DE22 3BQ
Peet Street, Derby
Asking Price £165,000
3 Bedroom House - Terraced
- Recently renovated
- Bills included
- Great location
- Modern throughout
- Student Property
High-Demand Rental Area | £13,500 Annual Income | Approx. 8.2% Gross Yield | Proven 5-Year Letting History
Sold with Tenant in Situ – Immediate Rental Income from Day One
A fantastic opportunity to acquire a fully performing investment property located on Peet Street, Derby, DE22 3RF, offering strong and consistent rental income in a well-established rental location.
The property has been successfully rented for the past five years and is currently producing £13,500 per annum, delivering an approximate gross rental yield of 8.2%, making it an attractive opportunity for investors seeking a reliable income-producing asset.
Internally, the property is well maintained and presented in excellent condition. Recent improvements include a brand new boiler, modern kitchen and modern bathroom, helping to minimise future capital expenditure while maintaining strong tenant appeal.
The accommodation comprises one bedroom, a spacious living room and modern fitted kitchen to the ground floor, with two generous double bedrooms and a family bathroom on the first floor. To the rear, the property benefits from a large private garden, further enhancing its appeal to tenants.
The property is ideally located within easy reach of Royal Derby Hospital, one of the city’s largest employers, helping drive strong rental demand. Derby city centre is also easily accessible, with excellent transport links including the A38, A52 and regular bus routes.
Investment Highlights
£13,500 per annum rental income
Approx. 8.2% gross yield
Tenant in situ providing immediate income
Consistently let for 5 years
New boiler, kitchen and bathroom
Large rear garden
Close to Royal Derby Hospital and Derby city centre
An excellent opportunity to acquire a ready-made, income-producing investment in a strong and reliable Derby rental location. Early enquiries are highly recommended.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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