Property description
PROPERTY SUMMARY This portfolio of high-quality one and two-bedroom apartments offers a rare chance to acquire a ready-made investment with secure tenancies in place, strong yields, and excellent long-term growth potential. Situated within a modern development in the heart of Derby, these properties combine stylish design with practical layouts and consistent rental demand.The portfolio consists of 17 apartments across John Street and Courtyard, including a mix of one-bedroom units and one larger two-bedroom apartment. Each property is currently let on fixed-term assured shorthold tenancies, generating a combined rental income of 15,750 per calendar month (189,000 per annum). All apartments have been finished to a high specification, including contemporary fitted kitchens with integrated appliances, modern bathrooms with walk-in showers, energy-efficient electric heating, and high-quality flooring throughout. Most units benefit from private balconies or Juliet windows, and selected apartments include allocated parking spaces.The development itself offers secure entry, well-maintained communal areas, and modern architecture designed for urban living. With a 10-year build warranty, investors benefit from peace of mind around structural quality and long-term durability. LOCATION SUMMARY Mulberry House in Castleward Boulevard, DE1, sits within Derby's thriving Castleward development, a modern and sought-after area bridging the city centre and the train station. This vibrant location offers the perfect balance of urban convenience and contemporary living, making it ideal for professionals, first-time buyers, and investors alike.The development is within easy walking distance of Derby's main shopping hubs, including Derbion Shopping Centre, which offers a wide range of high street stores, independent shops, cafes, restaurants, and leisure facilities. The train station is just moments away, providing excellent transport links to Nottingham, Birmingham, London, and beyond, making it a prime spot for commuters.Castleward is known for its clean, well-planned streets, landscaped green spaces, and community-focused design. The area also enjoys quick access to major road networks including the A52, A38, and M1, offering flexibility for travel across the Midlands. Mulberry House benefits from being part of this fast-developing, high-demand neighbourhood that is perfect for modern lifestyles. INVESTMENT BREAKDOWN - Total Portfolio Value: 3,247,500- Total Monthly Rental Income: 15,750- Annual Rental Income: 189,000- Tenancy Status: All units currently let with tenancies ranging from 612 months, providing income security from day one APARTMENT (1) 1 Bedroom | John Street | 46 sqm / 495 sqftBalcony: Yes | Furnished: Yes | Appliances: YesLet | 950 pcm | Tenancy: 6 months (15/07/25 14/01/26) APARTMENT (2) 1 Bedroom | John Street | 46 sqm / 495 sqftParking: Space 20 | Furnished: Yes | Appliances: YesLet | 950 pcm | Tenancy: 6 months (15/07/25 14/01/26) APARTMENT (3) 1 Bedroom | John Street | 50 sqm / 537 sqftFurnished: Yes | Appliances: YesLet | 875 pcm | Tenancy: 7 months (21/07/25 20/01/26) APARTMENT (4) 1 Bedroom | Courtyard | 46 sqm / 495 sqftBalcony: Yes | Furnished: Yes | Appliances: YesLet | 950 pcm | Tenancy: 12 months (26/07/25 25/07/26) APARTMENT (5) 1 Bedroom | John Street | 47 sqm / 508 sqftBalcony: Yes | Furnished: Yes | Appliances: YesLet | 900 pcm | Tenancy: 12 months (27/05/25 26/05/26) APARTMENT (6) 1 Bedroom | John Street | 46 sqm / 495 sqftFurnished: Yes | Appliances: YesLet | 875 pcm | Tenancy: 12 months (31/07/25 30/07/26) APARTMENT (7) 1 Bedroom | Courtyard | 50 sqm / 535 sqftFurnished: Yes | Appliances: YesLet | 875 pcm | Tenancy: 12 months (11/07/25 10/07/26) APARTMENT (8) 1 Bedroom | Courtyard | 46 sqm / 493 sqftBalcony: Yes | Furnished: Yes | Appliances: YesLet | 900 pcm | Tenancy: 12 months (16/06/25 15/06/26) APARTMENT (9) 1 Bedroom | John Street | 49 sqm / 528 sqftBalcony: Yes | Furnished: Yes | Appliances: YesLet | 950 pcm | Tenancy: 12 months (15/08/25 14/08/26) APARTMENT (10) 1 Bedroom | John Street | 45 sqm / 494 sqftBalcony: Yes | Furnished: Yes | Appliances: YesLet | 950 pcm | Tenancy: 12 months (08/08/25 07/08/26) APARTMENT (11) 1 Bedroom | John Street | 46 sqm / 495 sqftFurnished: Yes | Appliances: YesLet | 900 pcm | Tenancy: 9 months (11/08/25 10/05/26) APARTMENT (12) 1 Bedroom | John Street | 46 sqm / 495 sqftFurnished: Yes | Appliances: YesLet | 900 pcm | Tenancy: 12 months (29/08/25 28/08/26) APARTMENT (13) 1 Bedroom | John Street | 47 sqm / 508 sqftFurnished: Yes | Appliances: YesLet | 900 pcm | Tenancy: 9 months (12/08/25 11/05/26) APARTMENT (14) 1 Bedroom | John Street | 49 sqm / 528 sqftFurnished: Yes | Appliances: YesLet | 900 pcm | Tenancy: 12 months (30/08/25 29/08/26) APARTMENT (15) 1 Bedroom | John Street | 50 sqm / 537 sqftParking: Space 28 | Furnished: Yes | Appliances: YesLet | 950 pcm | Tenancy: 12 months (15/09/25 14/09/26) APARTMENT (16) 1 Bedroom | John Street | 46 sqm / 495 sqftBalcony: Yes | Furnished: Yes | Appliances: YesLet | 950 pcm | Tenancy: 12 months (13/09/25 12/09/26) APARTMENT (17) 1 + 1 Bedrooms | Courtyard | 62 sqm / 671 sqftBalcony: Yes | Furnished: Yes | Appliances: Yes | Parking: Space 29Let | 1,075 pcm | Tenancy: 12 months (10/09/25 09/09/26) FREE PROPERTY VALUATION Why Choose Tristram's?- Exceptional Service: Experience the difference with Tristram's renowned service. Our dedicated team goes above and beyond to ensure your needs are not just met but exceeded at every turn.- Rave Reviews: Don't just take our word for it! Explore our glowing reviews on Google, where satisfied clients sing our praises. Discover why Tristram's Sales & Lettings stands out from the crowd!What We Offer:- Free Valuation: Gain insights into your property's true value with our complimentary valuation service. Unlock hidden opportunities and maximize your return on investment.- Expert Advice: Benefit from personalized, expert advice tailored to your unique goals and circumstances. We're here to guide you through every decision, ensuring you're empowered to make the best choices for your property.- Results-Driven Approach: From strategic marketing to finding the perfect buyer or tenant, Tristram's delivers results that exceed expectations. Let us unleash the full potential of your property and propel you towards your real estate dreams!Ready to embark on your property journey with confidence? Contact Tristram's today and let's turn your aspirations into reality! DISCLAIMER Money Laundering Regulations: Tristram's ask intending purchasers to produce identification documentation. Any delay in receiving this information may cause a delay in agreeing a sale.Measurements: The room sizes are approximate and are only intended as a guide to the size of the property. We would advise you to verify any measurements that you may require.Services: Please note Tristram's do not test services, any equipment or appliances in the properties that we market, therefore we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.These particulars are issued in good faith as a guide to prospective purchasers, they do not constitute representations of fact or form part of any offer or contract. The particulars of any property we market should be independently verified by prospective buyers. Neither Tristram's Property Services Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatsoever in relation to this property. Tristram's has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.While we endeavour to make our sales particulars as fair, accurate and reliable as possible, they are only a general guide for prospective purchasers, therefore if there is any point which is of a particular importance to you, please contact the office and we will be pleased to look into this for you.
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