Ready-made buy-to-let with immediate income in Derby city centre.
One-bedroom studio; tenants in situ generating £650 pcm rental income
A compact one-bedroom studio apartment in Drewry Court, offered with tenants in situ and producing an immediate rental income of £650 pcm (approx. 9.5% gross yield). The open-plan living space has a modern fitted kitchen, separate bathroom and a small bedroom area — a straightforward, city-centre rental unit aimed at investors.
Practical points include electric storage heating, solid brick walls (likely no cavity insulation) and a modest total floor area of about 410 sq ft. Leasehold tenure applies and the lease documentation is being compiled; additional leasehold/management fees may apply and should be checked before purchase.
The block provides secure gated communal parking — useful in a city-centre location — but the surrounding area records very high crime and is classed as deprived. The apartment’s compact size and the presence of tenants mean this is most suitable for buy-to-let purchasers seeking immediate income rather than buyers seeking long-term primary residence space.
Viewings are recommended for investors who want a ready-made income stream and are comfortable with leasehold ownership, electric heating, and a property that may benefit from future energy-efficiency improvements.