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2 bedroom terraced house for sale
138 Slack Lane, Derby DE22 3DZ
£79,000
138 Slack Lane, Derby DE22 3DZ
£79,000
Our Summary
- For sale on 31 July 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
- ***High yielding freehold investment opportunity*** A superb buy-to-let residential investment opportunity to acquire a well maintained, brick and rendered built two/three bedroomed end-terraced property, occupying a popular and strong letting location, conveniently positioned Derby University Campus, the city centre and the A38
- 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 an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- 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: 31
- Superb high yielding freehold investment opportunity
Description
This is a high-yielding freehold investment opportunity in a popular location near Derby University Campus, city center, and A38. The property is a well-maintained, two/three bedroomed end-terraced house with uPVC double glazing and gas central heating. It is currently let on an assured shorthold tenancy agreement, producing £10,200 per annum, which represents an impressive 12.9% return based on the guide price. The property has a versatile living accommodation with an open entrance lobby, lounge, fitted dining kitchen, and dining room/bedroom, as well as two bedrooms and a family bathroom on the first floor. The property also has an enclosed low-maintenance garden to the rear with timber panelled fencing. The sale is being conducted through an online auction with live auctioneers, and interested buyers must submit their registration form by 5pm the day before the auction to participate.