Situated close to the City centre and Intu shopping centre is an Edwardian semi-detached house converted into four self-contained one bed flats and currently producing circa. £20,000 p.a.
The current owner has made some significant improvements to the property yet it still retains a wealth of character and charm throughout.
To the ground floor there is a communal entrance hall with two, one bedroomed flats. To the first floor there are two further one bedroomed flats.
The property occupies a popular location surrounded by similar style properties and is always a popular choice with landlords/investors.
A combined rental income when fully let would be in region of £19,440 p.a.
•Extended semi with 4 x self-contained and separately Council taxed 1-bed flats:
Flat 1 – first floor rear – £385 pcm (could be £395) All fixtures and fittings are included in the sale – includes new small double bed and mattress; brand new white goods: undercounter fridge freezer; washer/dryer; mini oven and hob; chest of drawers; clothes rail; high quality 2-seater leather settee
Flat 2 – first floor front – £405 pcm which was reduced for a year (and a new AST issued on 21.10.20 ) to smooth the transition between the landlord paying Council Tax and it becoming the tenant’s responsibility (due a rent review to £450+ after 21.10.21) Housing benefit paid direct to landlord and he tops it up – , been there for 27 years and really looks after the place. It’s the best flat as it has a small entrance lobby with storage off, a door to a generous double bedroom leading to a small but newly fitted bathroom, and a door off the lobby into a generously sized and well laid out living/kitchen/diner. All furnishings and white goods belong to the tenant.
Flat 3 – ground floor rear – £415 pcm (potential for modest rent increase eg £425) Indications are that tenant wishes to continue tenancy. Enters into good size kitchen/living/diner, through to double bedroom then large recently refurbished bathroom. Direct access to rear garden. All fixtures and fittings are included in the sale – includes new double bed and mattress; new white goods – undercounter fridge, undercounter freezer; washing machine; dryer; oven and hob.
Flat 4 – ground floor front – £415 pcm (he is due a rent review to £425+ New AST issued when I took over in March 2019) He’s on Housing Benefit paid direct to me and he tops it up – been there 12 years – . Flat door leads to good size kitchen/living/dining with nice bay window. Small bedroom with single bed; plenty of wardrobe space. Large bathroom awaiting approved disabled -friendly bathroom to be fitted by Derby City Council (FOC). All furniture and white goods belong to the tenant.
• All electric. Electrical work done last year and a new fire alarm system installed with heater sensors in the kitchen and smoke detectors in the bedrooms. A 3-phase electrical supply installed by Western Power Distribution to ensure sufficient capacity. There is one, new, main meter in the hall; each flat has its own prepayment sub-meter so landlord can recover the cost of electricity from each tenant via online top up or card.
• Landlord pays for water – currently £417.80 per annum
• Double glazing throughout.
• Very large back garden accessed by all except Flat 3 (which has direct access) via locked side gate. Had it and the small front cleared last year and properly done with membrane and stone. No maintenance.
• Roof. The small, rear two-storey extension has a flat roof which was replaced last year. Roofer inspected top of bay window and said it had been recently done and is good. Chimney stack removed from the main roof and roof made good last year. Also replaced slipped tiles at rear where property adjoins neighbour.
• It’s in a good location in terms of it being easy walking distance of Derby city centre, railway station, Bombardier and a 10 minute bus journey to Derby Royal Hospital. It’s a mix of private residential and tenanted so it’s quiet and pleasant.
Water – £417.80 per annum
Insurance – policy covers for Property Owner’s Liability and Loss of Rent, and Accidental Damage and Subsidence – £250.53 for 2021-2022.
Electric will need new certificates in 10 years.
EPC Energy rating Valid until
Flat 1, 2 Renals Street, DERBY, DE23 6SH E 3 February 2029
Flat 2, 2 Renals Street, DERBY, DE23 6SH D 3 February 2029
Flat 3, 2 Renals Street, DERBY, DE23 6SH E 3 February 2029
Flat 4, 2 Renals Street, DERBY, DE23 6SH E 3 February 2029
By arrangement with the agents 01332 202029 .
Available on Thursdays and Saturdays at 2pm
Taj has been my letting agent for over 12 years and has always found me good tenants.
Earlier this year when I decided to sell my property Taj gave me good sound advice on price and timing and within couple of weeks of it going on the market the sold sign was up.
Well done Taj!
Commercial Shop Sale
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I was explained in details from the beginning the process it was easy to understand.
It only took matter of few weeks to complete.
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J S Kainth.Oct 2020
Buy To Let -Mortgage
Streets ahead and the managing director, Taj Gill have given me a 5 star service for renting and selling my property in Derby even whilst I am based in London.
I would definitely use them again.
A highly professional service, with excellent local market knowledge.
Property on the market swiftly.
Viewings arranged and an offer on the table in days.
Couldn’t be happier!
Agent engaged to sale completed in nine weeks.
Sold in 5 Days!
Although we haven’t had many issues, any time there has been an issue you have been incredibly helpful and whenever you have come out for an inspection you have been so personable and absolutely lovely to be around.
I never feel i am waiting about for any action to be taken and you are always so swift in giving us an update or resolution if there is a problem needing to be taken care of.
We have been in our home for nearly 4 years and i can honestly say i have never felt so looked after and treated so well. I can only assume the landlord is as happy with you as we are.
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