Auction Property 3 Bed House - Semi-Detached 

Stamford Street, Ilkeston

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Features

  • Available under auction terms and conditions
  • Semi- detached property - Comprising two flats
  • 40 working day completion
  • Ideal investment opportunity
  • Ground floor rented at £360pcm
  • First floor rented at £420 pcm
  • £9,360 per annum / Gross yield of 8.5%
  • One freehold title
  • Flat 16a approx. internal area 60m2/645ft2
  • Flat 16 approx. internal area 40m2/438ft2

Quick Details

3 Bedrooms2 Receptions2 Bathrooms

Address

16 & 16a Stamford StreetIlkestonDerbyshireDE7 8FL
Details
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Property Details

•Ground floor flat and duplex upper floor flat
•Sold with tenants in situ
•£9,360 per annum / Yield of 8.5%
•Freehold

A semi-detached property with accommodation arranged over three floors, comprising of two self-contained flats. The ground floor flat is entered at the rear of the property and enjoys separate access via the communal rear yard.

Upon entry the accommodation includes a kitchenette leading into the lounge/dining room. There is a shower room and a large double bedroom.

The first floor flat is accessed via the entry way to the side of the property with stairs leading directly to the first floor landing. There is a large double bedroom, living room with separate kitchen off. From the landing there is access to the third floor where there is another spacious double bedroom and a bathroom. The third floor does have some areas of restricted headroom.

The property is located on the southern side of Stamford Street, less than one mile to the amenities available within Ilkeston town centre.

Accommodation

Flat 16 – 40 sq. m (438 Sq. Ft)
Flat 16a – 60 sq. m (645 Sq. Ft)
Total 100 m2 / 1,091 ft2

Services

We understand the property to have mains gas, electricity, water and drainage. The services have not been inspected by John Pye Property and we recommend that interested parties complete their own investigations in this respect.

Tenure

Freehold

Investment Analysis

The ground floor flat is currently let for £360 pcm / £4,320 pa and the first floor flat is let for £420 pcm / £5,040 pa achieving £9,360 in total per annum with a yield of 8.5% based on the guide price.

Council Tax

The property is rated in Council Tax Band A. Council Tax payable (2022/23) is approximately £949.71.

Guide Price

£110,000+

Buyers Premium

2.5% (min. £4,000) inc. VAT

Viewings

By appointment. Please contact a member of John Pye Property on 0115 970 6060 [email protected] for more details.

Sell your property

If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion

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