Summary - 132 132 Chapel Street, Alfreton, Derbyshire DE55 7BJ
10 bed 5 bath Apartment
Fully let mixed‑use freehold with immediate rental income and parking.
9% net yield producing £65,796 gross income per year
This freehold mixed‑use building is presented as a secure income investment with long‑standing tenants across five two‑bed flats and five retail units. The portfolio produces a strong 9% yield, generating £65,796 per annum, and benefits from individual metering and valid Energy Performance Certificates for ease of management.
The property sits in a prominent town‑centre location on Chapel Street, next to a busy car park and library, offering high pedestrian visibility and steady footfall. Ten off‑street parking spaces and mains services to each unit reduce landlord overheads; tenants pay their own utility bills. With no leasehold or service charge complications, this is a straightforward buy‑to‑let asset for investors focused on reliable income.
Buyers should note material drawbacks: the building shows external wear and requires maintenance, and the overall listed floor area is small (730 sq ft) for a 10‑bedroom mix. The local area is relatively deprived with a high crime rate, which may affect tenant demand and capital growth compared with more affluent locations. Broadband speeds are average despite excellent mobile signal.
This opportunity is best suited to investors prepared to manage low‑maintenance works and accept local market constraints in exchange for immediate, above‑average rental returns. The property’s central position and mixed‑use setup offer options for incremental value through targeted refurbishment and active asset management.
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