Presenting an outstanding opportunity for both seasoned and first-time investors, this two-bedroom house on Langley Street, Derby, is available for sale with offers in the region of £135,000. Situated in a highly sought-after rental area, this property boasts an impressive potential Return on Investment (ROI) of 7.55%, making it a compelling addition to any portfolio. One of the most attractive features of this property is the potential for a tenant in situ, currently paying £850 per calendar month. This potential immediate income stream significantly reduces the risk of void periods, providing a stable and reliable return from day one. For investors looking to expand their portfolio or enter the buy-to-let market, this offers a seamless transition into property ownership with a clear path to profitability. The house itself comprises two well-proportioned double bedrooms, offering comfortable living spaces that are highly appealing to prospective tenants. The layout also includes two versatile reception rooms, providing ample space for living and dining, or even the potential for a home office, catering to a variety of tenant needs. The single bathroom is conveniently located, serving the property's occupants efficiently. Beyond its investment potential, the property benefits from a desirable location on Langley Street. Residents will appreciate the close proximity to a wealth of local amenities, including shops, supermarkets, and eateries, ensuring daily conveniences are always within easy reach. Furthermore, excellent travel routes are readily accessible, providing straightforward connections to Derby city centre and beyond, which is a significant draw for tenants commuting for work or leisure. From a practical standpoint, the property holds an Energy Performance Certificate (EPC) rating of C, indicating a good level of energy efficiency, which can contribute to lower utility bills for tenants and is an attractive feature in today's market. The Council Tax Band is A, further enhancing its appeal by keeping running costs manageable. This property represents a superb chance to acquire a high-performing asset in a robust rental market. The combination of a strong potential ROI, the possibility of an existing tenant, and a desirable location makes this an unmissable opportunity. Whether you are looking to diversify your investments or secure your first rental property, this Langley Street house offers a clear path to success. Early viewing is highly recommended to fully appreciate the potential on offer and to avoid disappointment in what is expected to be a popular listing.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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