Summary - 70 Flats A & B, 705 London Road, Derby, Derby City, DE24 8UQ DE24 8UQ
2 bed 1 bath Block of Apartments
Auction probate investment with clear rent‑up and renovation opportunity.
- Freehold block of two flats, total 1,244 sq ft
- Current rent £6,240 pa; ERV £14,400 pa
- Potential market rent approx. £600 pcm per flat
- Energy Ratings: Flat A E, Flat B F (attic room additional)
- Probate sale; offered at public auction, legal checks essential
- Requires modernisation: kitchens, bathrooms, likely insulation
- Solid brick walls assumed uninsulated; glazing age unknown
- Local area: very high crime and high deprivation
A freehold block of two self-contained flats in a Victorian mid-terrace, offered for sale at public auction as a probate lot. The building delivers immediate rental income with scope to increase returns: current rent £6,240 pa versus an estimated ERV of £14,400 pa and local market potential of around £600 pcm per flat. Both flats are habitable but dated, with one flat graded Energy Rating E and the other F.
The apartments will suit a hands-on investor or developer prepared to modernise kitchens, bathrooms and heating controls. The property has solid brick walls with no known insulation, double glazing of unknown age, and a small garden — useful for tenant amenity or modest landscaping. Ground-floor layout is linear; first-floor includes an attic room adding usable space but likely requiring repairs or conversion work.
Important practical and legal considerations: this is a probate sale with public notice/repossession and will be sold at auction, so buyers should review legal packs and budget for renovation costs. The immediate area scores high for rental demand but also records very high crime and significant deprivation; factors that may affect tenant mix, lettings and valuation. Broadband and mobile signal are strong.
Overall this is a low-entry, value-add investment in a city location: Uplift potential is clear but requires capital and active management to deliver market rents and improved energy performance.
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