Summary - BURGESS MILL, 20 APARTMENT 29 MANCHESTER STREET DERBY DE22 3GB
2 bed 1 bath Flat
Immediate rental income from a tenant-in-situ in a central Derby conversion.
Tenant in situ with several years' occupancy and reliable payments
Current annual gross income £6,900 (purchase price £98,000)
Approximate gross yield around 7.0% based on listed figures
Compact footprint c.614 sq ft; small overall internal size
Shared private parking; no private garden or significant external space
Area classified as deprived with above-average crime rates
Tenure unknown — legal verification required before purchase
Limited photos; recommend full inspection, EPC and floorplan review
This two-bedroom flat in Burgess Mill, Manchester Street is presented primarily as a buy-to-let opportunity for investors and developers. With a tenant in situ producing a current annual gross income of £6,900, the purchase price of £98,000 implies an approximate gross yield of about 7.0% — attractive for portfolio buyers seeking immediate income.
The property sits within a brick multi-unit conversion with communal external areas and shared private parking. Internally the flat is compact (approximately 614 sq ft) and appears well kept from available information; broadband speeds are fast and mobile signal is excellent, supporting modern rental demand from students and professionals.
Important considerations are factual and significant: the neighbourhood is in a deprived area with above-average crime statistics, tenure is recorded as unknown, and only limited marketing imagery is available. There is no flood risk but prospective buyers should obtain the full Let Property Pack, an EPC, a floorplan and a physical inspection before committing.
This listing is best suited to experienced investors or developers comfortable with let-in-place purchases and with access to due diligence. The current long-standing tenant provides immediate income, but the property’s small footprint, communal setting and local area challenges should be weighed against the steady rental return.
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