House For Sale £170,000
Cowley Street, Derby DE1

STUDENT RENTAL INVESTMENT - An excellent opportunity to acquire a fully-let three bedroom student property currently generating excellent returns with a consistent history.

Directions - Leave Derby City Centre along Kedleston Road and turn left onto Cowley Street. The property is situated on the left hand side clearly identified by our "For Sale" board.

Internally the accommodation briefly comprises: Ground floor bedroom one, inner lobby, communal room and kitchen with access to the rear. To the first floor there are two further good sized bedrooms and bathroom. Outside the property benefits from a graveled garden area to the rear and to the front there is on street car parking.

The property is ideally located for students being close to the main Kedleston Road campus as well as various outlying sites of the University of Derby and city centre. Locally there are convenience stores, post office, parks and popular public houses. There is also a nearby frequent public transport service including the Unibus.

The property has been successfully tenanted by students for a number of years and is currently let until Mid- June 2024. The sale of this property includes the remaining period of the tenancy. The property currently generates £1131 per month. This figure is exclusive of bills.

Accommodation - Entering the property through a double glazed front door into:

Ground Floor -

Bedroom One - 3.25m x 3.40m (10'8" x 11'2") - A comfortable double bedroom having a laminate floor, double glazed window and door to the front elevation and radiator.

Inner Lobby - With under stairs storage cupboard.

Communal Room - 3.15m x 3.66m (10'4" x 12') - With staircase leading to the first floor, radiator and open plan access into:

Kitchen - 2.87m x 1.93m (9'5" x 6'4") - Very smartly appointed with a range of fitted wall and base units with two tone contrasting cupboard and drawer fronts, laminate work surfaces, and tiled walls, stainless steel sink and drainer, electric oven, gas hob and extractor fan over, space for a washing machine and upright fridge-freezer, UPVC double glazed communal entrance door, window, tiled floor and radiator. There is a wall mounted combination boiler providing domestic hot water and gas central heating.

First Floor -

Landing - Passaged with independent access to all first floor rooms.

Bedroom Two - 4.29m x 3.40m (14'1" x 11'2") - A large double bedroom with front facing UPVC double glazed window, laminate flooring and radiator.

Bedroom Three - 2.29m x 3.68m (7'6" x 12'1") - A third double bedroom with rear facing UPVC double glazed window, built in cupboard and radiator.

Bathroom - 1.96m x 2.90m (6'5" x 9'6") - Smartly appointed with a convenient shower cubicle, wash basin and WC, UPVC double glazed window and chrome towel radiator.

Outside - Found to the front of the property is a beneficial front yard relieving the property from the pavement, there is also on-street parking. To the rear is an ideal low-maintenance graveled rear garden enclosed by fencing and with gated front access.

Please Note - The property is currently let under a student tenancy agreement until Mid- June 2024. The sale of this property is therefore aimed directly at buy to let investors looking for a ready made investment. Vacant possession cannot be offered until after the current tenancy ends.
The property currently generates £1131 per month. This figure is exclusive of bills.