Summary -
Flat 5,Taylors Mill,Crossley Street,RIPLEY,DE5 3EE
DE5 3EE
2 bed 1 bath Flat
High-yield two-bedroom flat with tenant in place and communal parking.
Communal private off‑street parking available
Tenant in situ; currently generating £9,000 gross pa
Guide price £49,000 — high headline gross yield (~18%)
Leasehold with ~85 years remaining
Approx 775 sq ft, average-sized two-bedroom flat
No private garden; limited external amenity space
Local area classed as deprived with very high crime levels
No internal condition report or photos; inspection recommended
This two‑bedroom flat in Taylors Mill, Ripley, is presented primarily as a buy‑to‑let opportunity. It comes with a tenant in situ generating a reported gross annual rent of £9,000 against a guide price of £49,000, producing a very high headline gross yield. Residents benefit from communal private off‑street parking and good digital connectivity.
The property is leasehold with approximately 85 years remaining and offers an average internal size of about 775 sq ft. The building is a mixed‑use, mid‑rise block above ground‑floor commercial units, so there is limited private outdoor amenity. The tenant has occupied the flat for around a year and wishes to remain, so acquisition would include an existing income stream subject to tenancy terms.
Notable risks are material: the local area is classified as deprived with very high crime levels, and the building has no private garden or substantial external space. The listing does not include internal photos or a condition report — a full inspection, tenancy schedule review and enquiry into service charges, ground rent and any planned works are essential before purchase.
This property will suit investors or developers seeking a high‑yield urban let who are prepared to manage tenant and area‑related risks. Accurate appraisal requires the Let Property Pack, verification of rental payments, and confirmation of ongoing costs and lease terms.
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