For Sale, 2 Bed Apartment 

Taylors Mill, Crossley Street, Ripley

Photos

Arrange viewing Make an offer

Features

  • Two Bedroom Apartment
  • Two Bathrooms
  • Second Floor
  • Ideal investment opportunity
  • Tenanted - current rental income of £430 pcm (£5,160 per annum)
  • Modern & well-presented throughout
  • In the heart of the town centre
  • Security key code entry system
  • Constructed in 2008

Quick Details

2 Bedrooms1 Reception2 Bathrooms

Address

Apartment 10 Taylors Mill, Crossley StreetRipleyDerbyshireDE5 3EE
Details
Map
Viewing | Make Offer

Property Details

•Two bedroom apartment
•Ideal Investment opportunity
•Tenanted – Current income of £5160 per annum – 9.3% yield
•Long leasehold

Set within a purpose-built modern block, is this two-bedroom spacious second floor apartment. The accommodation comprises of an open plan kitchen/ living room, with some integrated appliances, a three-piece bathroom suite and two good sized bedrooms.

The master bedroom benefits from en-suite facilities, including a single shower cubicle & wash hand basin. The property is of a modern and neutral décor throughout with a mix of carpeting, tiling and vinyl floor coverings.

Externally, there is a communal entrance with security code entry system. The apartments are set above a retail premises, and we understand the building to have been constructed in circa 2008.

The apartment is within close proximity to Ripley high street which has a good selection of local amenities and retailers, including; the Co-Op supermarket, The post office and numerous high street banks and other retail outlets.

Accommodation

Hallway- 5.38 sq. m ( 57.9 sq. ft )
Open plan living/kitchen area- 30.39 sq. m (327.18 sq. ft )
Bathroom- 5.21 sq. m ( 56.1 sq. ft )
Bedroom One- 8.75 sq. m ( 94.19 sq. ft )
En-Suite- 2.19 sq. m ( 23.57 sq. ft )
Bedroom Two- 8.31 sq. m ( 89.45 sq. ft )
Total Floor Area- 60.23 sq. m ( 648.39 sq. ft )

Services

We understand the property to have mains electricity, gas, water and drainage.

Investment Analysis

The property is currently let under an AST agreement on a one-year contract from 08/03/19, achieving a total rental income of £430 pcm (£5,160 per annum). This would represent a potential gross yield of 9.3%, based on the asking price.

Tenure

Long leasehold

Council Tax

The property is rated in council tax band B. The current rate payable 2018 / 2019 is £1,163.40 pa

Asking Price

£55,000

Buyer’s Premium

A Buyer’s Premium of 1% (min. £900) inc. VAT is payable on top of the purchase price. Please take in to account when offering on a property.

Viewings

To view this property, please contact John Pye Property - Property@johnpye.co.uk - 0115 970 6060 (Please note, a seven day notice period must be provided prior to viewings)

Location Map

Viewing | Make an Offer

Contact Details:

Your message has been sent.