Summary -
Flat 3,14 Wilson Street,DERBY,DE1 1PG
DE1 1PG
1 bed 1 bath Flat
Immediate income property with clear upside for committed investors.
Current gross income £6,600 pa; market rent potential ~£7,800 pa
Tenant in situ — immediate rental income
Leasehold with only 42 years remaining — extension likely needed
Mortgage lenders may refuse due to short lease
Located in a very deprived area with very high crime levels
No flood risk; excellent mobile and fast broadband
Approx. 484 sq ft; one bedroom, lounge and kitchen
Buy-to-let focus suited to cash buyers or experienced investors
This one-bedroom flat on Wilson Street is offered primarily as a buy-to-let opportunity with a tenant already in situ. The property produces a current gross annual income of £6,600, with projected achievable market income of around £7,800, making it attractive for an investor seeking immediate cashflow.
The accommodation includes a lounge, kitchen and a spacious bedroom within approximately 484 sq ft. There is no flood risk and broadband and mobile signals are reported as fast and excellent respectively, supporting lettings to students or working professionals in this central location.
Important cautions for buyers: the flat is leasehold with only 42 years remaining. Short leases can prevent mortgage lending and will require negotiation, lease extension costs, or purchase by a cash buyer. The property sits in a very deprived area with very high local crime levels, which may affect tenant demand and long-term capital growth.
For a hands-on investor or developer the building presents straightforward rental yield potential but also clear risks — specifically lease length and neighbourhood indicators. These factors should be factored into purchase price, finance options, and any planned refurbishment or repositioning of the tenancy.
1 bedroom flat for sale in Drewry Court, Uttoxeter New Road, Derby, Derbyshire, DE22 — £90,000 • 1 bed • 1 bath • 463 ft²
1 bedroom flat for sale in Drewry Court, Uttoxeter New Road, Derby, DE22 — £75,000 • 1 bed • 1 bath • 409 ft²
2 bedroom terraced house for sale in Darby Street, Derby, DE23 — £150,000 • 2 bed • 1 bath • 732 ft²
2 bedroom flat for sale in Peckerdale Gardens, Derby, DE21 — £107,000 • 2 bed • 2 bath • 603 ft²
2 bedroom flat for sale in Parliament Street, Derby, Derbyshire, DE22 — £110,000 • 2 bed • 1 bath • 538 ft²
2 bedroom end of terrace house for sale in Alfreton Road, Derby, DE21 — £135,000 • 2 bed • 1 bath • 875 ft²
