Fletcher and Company (Smartmove Derbyshire Ltd T/A)
15 Melbourne Court,
Millennium Way,
Pride Park
Derby
DE24 8LZ
Southcroft, Derby
Offers Around £500,000
8 Bedroom House - Detached
- Prime Investment Opportunity
- Five Individual One/Two Bedroom Apartments
- Communal grounds & Allocated Parking
- Built In 2008
- Popular Residential Location
- Current Gross Yield of 7.7%, Set to Increase in March 2027 to 8.3%
- Turn Key Opportunity
- Close to Excellent Amenities
- Easy Access to Transport Links
- Viewing Recommended
INVESTMENT OPPORTUNITY
A purpose built apartment block comprising five individual apartments set over three floors In a popular convenient location.
Constructed in 2008, Hawthorn Court has been a very successful investment for the current owners who now wish to relinquish and provides a fantastic opportunity for a new owner. The block comprises two one bedroom apartments, two two bedroom apartments and a fabulous two bedroom penthouse.
The one bedroom apartments comprise an entrance hall, open plan lounge/dining room with kitchen off, double bedroom and bathroom. The two bedroom apartments comprise an entrance hall, lounge/dining room, separate kitchen, two bedrooms and a bathroom. The penthouse comprises of an entrance hall, open plan living kitchen with lounge, dining room and kitchen, two bedrooms and a bathroom.
The block features allocated parking for each apartment and communal gardens. There is also a clothes drying area. The properties are accessed via a secure communal entrance hall with staircase to the upper floors.
The current rent per annum amounts to £38,520 which represents a gross yield of 7.7%. The agreed increases for March 2027 will increase the yield to 8.3% gross.
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The Location
The location is highly sought after, just off Stenson Road, offering easy access to a fabulous range of amenities in Stenson Fields, Sinfin and Littleover. These combine to offer a full range of amenities. There is a bus service that runs into the city centre and easy access towards nearby open countryside with excellent transport links. Good schooling is available within close proximity.
Tenure
Please note: the block is run by Hawthorn Court Management (Southcroft) LTD and there is a current service charge of £30/month per apartment.
Council Tax Band A & B
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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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