Summary -
Flat 5,Taylors Mill,Crossley Street,RIPLEY,DE5 3EE
DE5 3EE
2 bed 1 bath Flat
Income-producing two-bed flat with parking in a busy town-centre location.
Tenant in situ generating c.£9,000 gross annual income
Communal private off-street parking available
Approx. 775 sq ft; two bedrooms and one three-piece bathroom
Leasehold – c.85 years remaining
No private garden; limited external amenity space
Area classified as deprived with very high local crime levels
Mixed-use building above commercial units; town-centre outlook
Buyer’s premium applies; full tenancy pack and inspection recommended
This two-bedroom flat in Taylors Mill, Ripley, is offered as an income-producing investment with a tenant in situ. It currently generates around £9,000 gross per year and benefits from communal private parking and a compact, practical layout of approximately 775 sq ft. The building is mixed-use with ground-floor commercial units, providing a town-centre location close to shops and public transport.
The property is leasehold with about 85 years remaining and sits in an area classified as deprived with very high local crime levels; these are important factors for long-term holding costs, mortgage availability, and management considerations. There is no private garden and external amenity space is limited — expect town-centre outlook and street-facing windows rather than private outdoor space.
Suitable buyers will be investors or developers prepared to retain or review the existing tenancy. A full internal inspection, tenancy schedule review and measured floorplans are recommended to confirm condition, service charges, and yield. The building’s mixed commercial/residential makeup could offer longer-term redevelopment or asset-management possibilities, but those options will require due diligence.
Material sale conditions state a buyer’s premium applies to secure the transaction; interested parties should review the Let Property Pack and tenancy documentation before committing. The flat offers immediate rental income but carries locational and tenure considerations that a prospective purchaser must factor into valuation and finance arrangements.
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