Monday 24 February 2014

INVESTMENT DEAL OF THE DAY

3 bedroom terrace 


£109,500
King Alfred Street, Derby

Summary
Well positioned close to Derby City Centre, this large, three bedroom, mid terrace property is situated in a great location for the rental market.

Description
Hallway to the front leading into a spacious lounge with feature fire place. Separate dining room with understair storage. Kitchen with oven, hob and fridge freezer. Master bedroom with office off. Second bedroom plus spacious attic room. Bathroom with corner bath. Gas centrally heated and double glazed.

Simon says....
As stated, this is a well positioned property in a popular area. This property would be ideally suited to both the private rental market and for student accommodation. I would expect to achieve a calendar monthly rental of between £500 and £525. If let to students, a weekly rent of £60 - £65 per person could be achievable resulting in a potential return of over 9% based on the asking price.

This property is not currently on Rightmove or Zoopla so get in quickly!

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