Summary - 15 YOUNG STREET, DERBY DE23 6NB
4 bed 4 bath Terraced
**Standout Features:**
- **Fully Tenanted:** Four units generating a rental income of approximately £22,000 per annum.
- **Diverse Unit Configuration:** Includes a self-contained ground floor flat, two studios with kitchen access, and an additional flat with a separate bedroom.
- **Turnkey Investment:** No upward chain offers immediate occupancy for investors.
- **Location:** Situated within an area known for young ethnic communities with good school choices nearby.
**Concerns:**
- **Condition:** The property requires renovation and modernization, giving a prospective owner the opportunity to enhance its value.
- **Size:** The overall size is small, which may limit appeal depending on the target tenant market.
- **High Crime Rate:** Area has a very high crime rate; potential buyers should consider personal safety and tenant concerns.
- **Limited Insulation:** Solid brick construction with assumed lack of insulation may affect energy efficiency and heating costs.
**Summary:**
This Victorian terraced property represents a compelling investment opportunity, offering four separate units currently yielding approximately £22,000 per year in rental income. The ground floor features a self-contained flat, while the first floor consists of two studio apartments and an additional flat with a separate living area. As a chain-free sale, this property allows for immediate rental income while providing ample potential for renovations to increase value and appeal.
Located in a community rich with amenities and good schooling options, this property could be the perfect addition for investors seeking to expand their portfolio. However, the buyer should be mindful of the required renovations and the area's higher crime rate. Don’t miss your chance to acquire this high-yielding asset in a desirable setting!
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