Derby Riverside, Stuart Street, Derby, DE1 2EB

Headline: TOP FLOOR 2 BEDROOM APARTMENT | SOLD WITH TENANTS IN SITU AT £950 PCM | 11.12% GROSS YIELD

Full description:

Double-digit gross yields in city-centre locations are increasingly hard to find. This modern, top-floor two-bedroom apartment in the heart of Derby city centre comes with tenants already in place producing an 11.12% gross yield from day one, at an entry price of just £102,500.

THE RETURNS – WHY THIS STANDS OUT

Rental income: £950 pcm / £11,400 per annum — an 11.12% gross yield on asking price Net yield: approx. 8.15% after service charge (£2,700 p.a.) and ground rent (£350 p.a.)* Tenants in situ — income from completion, no void period, no letting fees to find a tenant 977 years remaining on the lease — no short-lease risk Low entry price of £102,500 — strong cash-on-cash returns whether buying cash or leveraged Net income of approx. £8,350 per annum after all standing charges*

An 11%+ gross yield significantly outperforms typical buy-to-let returns and comfortably exceeds returns from savings and most income-producing assets — and here the income is already flowing, secured by sitting tenants in a location where demand consistently outstrips supply.

THE APARTMENT

A modern, top-floor apartment with lovely city views, comprising:

Spacious living room with excellent natural light Fitted kitchen with integrated appliances Two generous double bedrooms Fully fitted family bathroom with shower Access to a residents' car park — a premium feature in the city centre Council Tax Band B

THE LOCATION – DERBY'S ENGINE ROOM

Derby is one of the UK's most resilient rental markets, powered by a world-class engineering economy. Rolls-Royce, Alstom and Toyota (nearby Burnaston) anchor tens of thousands of well-paid jobs, while the University of Derby and Royal Derby Hospital add a deep pool of students and key workers — exactly the tenant profile that keeps city-centre apartments let year after year.

Stuart Street puts your tenants moments from the Derbion shopping centre, the Cathedral Quarter and the city's best shops, bars and restaurants, with schools close at hand. Derby station offers fast, regular services to Nottingham, Birmingham, Sheffield and London St Pancras, while the A38, A52 and M1 provide strong road connectivity. This is precisely the walk-to-everything location professional tenants pay for — protecting your income today and underpinning rental growth tomorrow.

KEY DETAILS AT A GLANCE

Asking price: £102,500 Rental income: £950 pcm / £11,400 p.a. Gross yield: 11.12% | Net yield: approx. 8.15%* Tenure: Leasehold — 977 years remaining Ground rent: £350 p.a. | Service charge: £2,700 p.a. Tenancy: Tenants in situ Parking: Residents' car park | Council Tax Band B

With secure income from completion, a double-digit gross yield and a 977-year lease at an entry price of just £102,500, this apartment offers income, security and long-term growth in equal measure.

*Figures are based on current rent, asking price and charges as advised; buyers should verify all figures and lease terms via their solicitor prior to exchange.