Edward Street, Derby DE1 4 bed property for sale

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Edward Street, Derby DE1 4 bed property for sale

Edward Street, Derby DE1
£350,000

Our Summary

  • Scope For Rental Increase
  • Superb Freehold Residential Investment Opportunity

Description

This impressive four-storey Grade II listed Georgian townhouse, believed to date back to the mid-1800s, is a rare opportunity to acquire a stunning property in the highly sought-after Strutts Park area of Derby. The townhouse is divided into four self-contained flats, three of which have been refurbished and are fully let, generating a current rental income of £31,080 per annum. The property features a mix of living spaces, including living rooms, kitchens, bedrooms, and bathrooms, with a communal rear garden and bike rack. The flats are let on Assured Shorthold Tenancies, with potential rental income ranging from £695 to £950 per calendar month, exclusive or inclusive of utilities. The property has been well maintained by the current vendor and is available for sale at a price guide of £350,000-£375,000.