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Block of apartments for sale
Flats 1-6, 112-114 Osmaston Road, Derby DE1 2RD
£495,000
Flats 1-6, 112-114 Osmaston Road, Derby DE1 2RD
£495,000
Our Summary
- For sale on 28 August 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyers Fee of 1
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 28
Description
This property is a unique investment opportunity, comprising two semi-detached houses with six self-contained flats, located in a strong letting location near the city center. The flats are currently let on ASTs, producing a combined rental income of £55,800 per annum, representing an impressive 11.2% return on the guide price. The properties have a total of six bedrooms, with each flat having its own private entrance hall, dining kitchen, living room, and bathroom. The exterior features forecourts with wrought iron railings, integral narrow garages, and rear yards with parking for approximately 10 small vehicles. The property is being sold as a freehold and is expected to attract a strong bid at the online auction, with a guide price and reserve price to be announced.