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2 bedroom house for sale

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2 bedroom house for sale

Derby Road, Loughborough
£199,999

Our Summary

  • SUMMARYA FANTASTIC INVESTMENT OPPORTUNITY with scope for further development
  • We are delighted to offer for sale this detached property which is currently split into two individual apartments with PLANNING CONSENT APPROVED for a further apartment, currently generating £17,400 per annum in rental income
  • DESCRIPTIONA FANTASTIC INVESTMENT OPPORTUNITY with scope for further development
  • We are delighted to offer for sale this detached property which is currently split into two individual appartments with PLANNING CONSENT APPROVED for the creation of a further apartment - full planning details can be found at Charnwood borough council under planning reference P/23/0321/2The property is currently made up as follows -Apartment 201A - Ground floor apartment comprising hallway, living room, kitchen are, bedroom and bathroom, let under a periodic assured shorthold tenancy currently generating an annual income of £7800 per annum
  • Planning Consent There is planning consent granted for the creation of a second floor, third apartment which can be found under planning reference P/23/0321/2 at Charnwood borough council
  • PLANNING CONSENT FOR THIRD FLAT GRANTED
  • Planning consent for third flat granted

Description

This detached property is a fantastic investment opportunity, currently split into two individual apartments with approved planning consent to create a third apartment. The property generates £17,400 per annum in rental income, with Apartment 201A, a ground-floor apartment, rented out on a periodic assured shorthold tenancy for £8,640 per annum, and Apartment 201B, a first-floor apartment, rented out on an assured shorthold tenancy until July 2025 for £7,500 per annum. The planning consent allows for the creation of a self-contained second-floor apartment, providing additional income potential. The property has been renovated, with new flooring, resplastered walls, and extended kitchen countertops in Apartment 201A, and a brand new kitchen and bathroom suite in Apartment 201B. This is a unique opportunity for investors to capitalize on the growing demand for rental properties in the area.