Summary - Flat 5, 16 Duffield Road, DERBY DE1 3BB
5 bed 1 bath Block of Apartments
Immediate cashflow with multi-unit occupancy close to the city centre.
Offered freehold — five self-contained flats over three floors
Gross rent £42,000 pa, inclusive of bills, income from day one
Two studios and three one-bed flats; strong letting history
Victorian red-brick building with high ceilings and period features
GCH and uPVC double glazing throughout; communal utility room
Mixed EPCs (D and E) — potential energy improvement costs
Sold at auction: 5% deposit and buyer’s fee apply, legal pack essential
Area has very high crime levels and local deprivation — consider management costs
A compact freehold block of five self-contained flats positioned on the edge of Derby city centre, offered at auction with an immediate gross income of £42,000 per year (inclusive of bills). The building is a Victorian red-brick terrace with period features, gas central heating and uPVC double glazing, arranged over three floors with communal access and utility room. Two studios and three one-bed flats provide a simple, high-occupancy letting mix appealing to students and professionals.
The property has a proven letting history and delivers income from day one, making it suitable for a hands-off investor seeking cash flow. There is a small front garden and a larger rear garden, and internal layouts include generous ceiling heights in several rooms. Note Flat 5 (second floor) was not inspected; buyers should review the legal pack and arrange their own inspections where needed.
Buyers must be prepared for an auction purchase: a minimum 5% deposit, non-refundable buyer’s fee and binding contracts at sale. EPCs vary across the building (D and E ratings), and the area records very high crime and local deprivation—both factors that may affect insurance, management and some tenant profiles. Overall, this is a high-yield, city-centre block that requires standard investor due diligence and active management.
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