Summary - 37 MANCHESTER STREET DERBY DE22 3GD
2 bed 1 bath Terraced
Tenanted Victorian terrace with garden — auction sale, buyer fees and reservation costs apply..
- Tenanted buy-to-let producing £9,000 pa (approx. 7.5% yield)
- Sold by Modern Method of Auction; buyer fees apply
- Non-refundable reservation fee 4.5% (min £6,600 inc. VAT)
- Two double bedrooms and two reception rooms
- Enclosed rear garden; small plot
- Majority double glazing; install date unknown
- Solid brick walls, likely no insulation (assumed)
- Above-average local crime and area deprivation
A ready-made buy-to-let opportunity in Derby, offered at auction with tenants in situ and a current gross rental income of £9,000 per year (approx. 7.5% yield at guide price). The mid-Victorian terrace retains period character, two double bedrooms and two reception rooms plus a cellar — practical layout for rental or modest refurbishment.
Practical features include mains gas central heating, majority double glazing and an enclosed rear garden. The property is freehold and of average overall size (approx. 786 sq ft). Local amenities, good schools and fast broadband support rental demand from students and professionals in this cosmopolitan neighbourhood.
Important sale details and costs are material to any buyer: the property is sold by the Modern Method of Auction, subject to a reserve, with a non-refundable reservation fee of 4.5% (minimum £6,600 inc. VAT) plus other buyer fees and a Buyer Information Pack fee. The house is sold with tenants in place — viewings may be restricted and vacant possession is not guaranteed.
Note practical drawbacks: the area shows higher-than-average crime and relative deprivation, the plot is small, and the property’s solid-brick construction likely lacks wall insulation (assumed). Glazing is majority double but install date unknown. Buyers should inspect for refurbishment needs and review the Buyer Information Pack and tenancy details before bidding.
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