83 Manchester Street, Derby DE22 3GD

Situated in the sought-after area of Manchester Street, Derby, this outstanding four-bedroom property presents a unique opportunity for investors, particularly those looking to expand their portfolio with a high-yield investment. Potentially achieving an exceptional gross yield of 10.64% and an annual gross income of circa £25,000, this property is ready-made for generating consistent rental income.

Designed for modern living, the property comprises five spacious double bedrooms, each benefiting from its own en-suite bathroom. One being a studio with useful kitchen. This rare feature ensures utmost convenience and privacy for tenants, making the property highly desirable for renters and reducing void periods to a minimum. Each room comes furnished to a high standard, offering a modern and stylish living environment that appeals to professional tenants or students alike.

The interior has been meticulously maintained and upgraded, ensuring a contemporary feel throughout. The communal kitchen area provides a comfortable space for tenants to cook and socialise, with the useful addition of the breakfast bar. Further enhancing the appeal of this property as a highly functional investment. Additionally, the layout ensures ease of maintenance, which is a significant advantage for landlords. With a washing machine situated in the under stairs cupboard.

Situated in one of Derby’s most sought-after locations, the property benefits from excellent transport links, proximity to local amenities, and easy access to educational institutions and employment hubs. This prime location adds to the property’s investment potential, ensuring a continued demand from tenants.

The property’s strong market appeal, combined with its impressive yield and minimal void periods, make it an opportunity not to be overlooked.

Whether you are an experienced investor or new to the property market, this four bedroom investment property offers a rare chance to secure a property that combines substantial rental income with low maintenance demands. Arrange your viewing today to avoid missing out on this exceptional investment opportunity.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% inc. VAT of the purchase price (subject to a minimum of £1,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.