Summary - Flat 2, 25 Crompton Street DE1 1NY
1 bed 1 bath Apartment
Refurbished buy-to-let with long lease and private garden.
9% gross yield with tenants in situ, current rent £675 pcm
This ground-floor one-bedroom apartment in DE1 offers an immediate rental income with tenants in situ, returning a reported 9% yield. The property has undergone a full refurbishment and features an open-plan living/kitchen, double bedroom, shower room and a private low-maintenance garden. Its long lease (approx. 979 years) and proximity to Derby city centre and local amenities make it suitable for buy-to-let investors seeking hassle-free occupancy.
There are practical considerations: heating is electric room heaters and glazing is double-glazed, but walls are solid brick with assumed no cavity insulation. The area scores high for crime and is described as very deprived, which may affect tenant profiles and long-term capital growth. Service charges average £1,680 per year and the apartment is small at approximately 345 sq ft.
For an investor, the key strengths are the completed refurbishment, immediate rental income and long lease. For a buyer seeking owner-occupation, the small size, electric heating and local deprivation should be weighed against the convenience of city-centre living and low council tax. Viewings are recommended to assess finish quality and the garden space on site.
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