Summary - 162 UTTOXETER NEW ROAD, DERBY DE22 3JB
8 bed 5 bath Terraced
Two adjoining lettings with secure income and upgrade potential for hands‑on landlords.
- Offered as a single lot; properties will not be sold separately
- Combined rental income: £43,200 pa from two tenancies
- Tenants in situ; immediate rental income for buyer
- Long leases (circa 189 years) with peppercorn ground rent
- Built before 1900; solid brick walls, no assumed cavity insulation
- Area classified as deprived with very high local crime levels
- Condition serviceable but cosmetic updating would add value
- Council tax band C; no garden or parking mentioned
A rare paired terraced investment in Uttoxeter New Road offered as a single lot with tenants in situ. The two linked leasehold properties together produce a confirmed combined rental income of £43,200 per year (5-bedroom let at £2,250 pcm; 3-bedroom let at £1,350 pcm), making the portfolio income immediately operational for a buy-to-let investor.
Both houses date from before 1900 and retain period proportions such as high ceilings and cornice detail in living spaces, while kitchens have been modernised to a serviceable standard. Each property benefits from long lease terms (around 189 years from 2006) and peppercorn ground rent, with mains gas boiler and double glazing installed post-2002.
Notable considerations are factual: the properties are sold together and will not be split; the local area records very high crime levels and the wider neighbourhood is classified as deprived, which can affect tenant profiles and management needs. Internal photos and descriptions show sound but basic finishes—many rooms would benefit from cosmetic upgrading to lift rent and capital value. Construction is solid brick with no assumed cavity insulation.
Positioned within walking distance of local amenities, good public transport and the city centre, this pair is well-located for students and professionals. Suitable buyers are specialist landlords or investors prepared for hands-on management and occasional refurbishment to maximise returns.
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