>
2 bedroom house for sale
Derby Road, Loughborough LE11
£225,000
Derby Road, Loughborough LE11
£225,000
Our Summary
- A 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
- 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/23/0321/2
- 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 that generate a total of £17,400 per annum in rental income. The property is made up of Apartment 201A, a ground floor apartment with a living room, kitchen, bedroom, and bathroom, and Apartment 201B, a first floor apartment with a hall, stairs, living room, kitchen, bedroom, and shower room. The property has planning consent approved for the creation of a third, self-contained apartment on the second floor, which will generate additional income. The apartments are let on periodic assured shorthold tenancies, with Apartment 201A generating £8,640 per annum and Apartment 201B generating £7,500 per annum until July 2025. The property has undergone some renovations, including new flooring, resplastered walls, and extended kitchen countertops in Apartment 201A, and a brand new kitchen and bathroom suite in Apartment 201B.