Summary - 24a Station Road, Draycott DE72 3QB
2 bed 2 bath Apartment
Two-bedroom duplex with tenant in place and strong rental yield — long lease and cellar storage..
Two double bedrooms with ensuite to the top-floor master
Duplex layout feels like a small house, generous living space
Tenant in situ; can be sold with vacant possession
Gross rental yield approx 5.2% (income potential)
Long lease — 999 years remaining (leasehold)
Electric storage heating only — potentially higher running costs
Unlimited on-street parking opposite; no allocated parking
Cellar provides useful additional storage
This deceptively spacious two-storey duplex offers a flexible investment in Draycott with immediate rental income potential. Laid out over two floors, the apartment feels more like a small house, with a large living room, fitted kitchen, two double bedrooms and an ensuite to the top-floor bedroom. A cellar provides extra storage and the long 999-year lease removes common leasehold anxieties.
The property is currently tenanted, producing a gross rental yield of about 5.2% — attractive for buy-to-let purchasers seeking steady income. Broadband speeds are excellent (ultrafast available) and the location provides good commuter links on the Nottingham–Derby route, local shops and parks nearby, supporting tenant demand.
Buyers should note practical drawbacks: heating is by electric storage heaters which can be more expensive to run than gas, and there is no allocated off-street parking (unlimited on-street parking opposite). The apartment is leasehold (long lease) and sold with a tenant in situ unless vacant possession is agreed. Overall, this is a straightforward, low-management investment with strong rental prospects for investors comfortable with electric heating and on-street parking.
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