Property photos
Leasehold
Offers over
£90,000
2 bed flat for sale
Palmerston Road, Ilkeston DE72 beds
1 bath
1 reception
EPC rating: C
Local area information
Property location
Nearby amenities
- Chaucer Infant School 0.1 miles
- Chaucer Junior School 0.3 miles
- Ilkeston 0.8 miles
- Langley Mill 3.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- Tenant in situ with rental of £8,100 (Incredible 9% Return)
- Exceptional investment opportunity with a strong return on investment from rental income and potential for future capital growth
- Modern Two-Bedroom Apartment: Secure and contemporary second-floor living space, ideal for professionals or small families
- Prime Location: Situated on the outskirts of Ilkeston town centre in a quiet cul-de-sac, offering easy access to shops, schools, and commuter routes, including the A610 & M1
- Recently Updated: Freshly decorated with new carpets throughout, making it move-in ready for tenants
- Convenient Transport Links: Just a 22-minute walk to Ilkeston train station, providing excellent connectivity to Derby, Nottingham, and beyond
- Leisure and Amenities: Located in Derbyshire's third-largest town, close to a variety of shops, bars, and sporting facilities including a bowling alley and an 18-hole golf course
- Cost-Effective Council Tax: Positioned within Council Tax Band B, ensuring a reasonable annual expense
- Long Lease Term: Benefiting from a lengthy lease of 133 years remaining, offering peace of mind and stability
- Allocated Parking: Includes the convenience of allocated off-road parking, a desirable feature for tenants and owners alike
Are you looking for a buy to let property? Now is a great time to secure a property like this with a great ROI from rental income and future capital growth - over 7% gross Yield, P.A. A fantastic opportunity to acquire a modern and secure two bedroom second floor apartment in a great location within Ilkeston.
Recently decorated throughout and benefits from new carpets too and if that and the great yield is not enough, you will benefit from a good tenant, already in situ. No need to find the right tenant to fit - having a reliable tenant already in place ensures immediate rental income and reduces initial investment risks.
The property sits just on the outskirts of the town centre in a quiet cul-de-sac offering you easy access to shops, schools and commuter routes such as the A610 & M1 and just a 22 minute walk to Ilkeston train station.
The third largest town in Derbyshire, Ilkeston is situated 9 miles from Derby and only 8 miles from Nottingham and the town offers all the usual shops bars and there is also a great range of sporting facilities in and around the town that includes a 10-pin bowling alley and an 18 hole golf course.
Take a look at this great property and secure it before someone else does!
Additional information
Council Tax Band - B - £1,523.35 P.A.
EPC Rating - C
Gas central heating
Lease Length: 133 years remaining
Service Charge: £1,067.53 P.A.
Ground Rent: £169.50 Payable every six months
Second floor
Lounge / Diner: Approx 15' 0" x 11' 2" (4.57m x 3.40m)
Kitchen: Approx 8' 8" x 8' 6" (2.64m x 2.59m)
Bedroom One: Approx 11' 2" x 8' 7" (3.40m x 2.62m)
Bedroom Two: Approx 9' 5" x 7' 6" (2.87m x 2.29m)
Bathroom: Approx 8' 9" x 5' 2" (2.67m x 1.57m)
Outside
Allocated off road parking
Recently decorated throughout and benefits from new carpets too and if that and the great yield is not enough, you will benefit from a good tenant, already in situ. No need to find the right tenant to fit - having a reliable tenant already in place ensures immediate rental income and reduces initial investment risks.
The property sits just on the outskirts of the town centre in a quiet cul-de-sac offering you easy access to shops, schools and commuter routes such as the A610 & M1 and just a 22 minute walk to Ilkeston train station.
The third largest town in Derbyshire, Ilkeston is situated 9 miles from Derby and only 8 miles from Nottingham and the town offers all the usual shops bars and there is also a great range of sporting facilities in and around the town that includes a 10-pin bowling alley and an 18 hole golf course.
Take a look at this great property and secure it before someone else does!
Additional information
Council Tax Band - B - £1,523.35 P.A.
EPC Rating - C
Gas central heating
Lease Length: 133 years remaining
Service Charge: £1,067.53 P.A.
Ground Rent: £169.50 Payable every six months
Second floor
Lounge / Diner: Approx 15' 0" x 11' 2" (4.57m x 3.40m)
Kitchen: Approx 8' 8" x 8' 6" (2.64m x 2.59m)
Bedroom One: Approx 11' 2" x 8' 7" (3.40m x 2.62m)
Bedroom Two: Approx 9' 5" x 7' 6" (2.87m x 2.29m)
Bathroom: Approx 8' 9" x 5' 2" (2.67m x 1.57m)
Outside
Allocated off road parking
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (1)
Tours
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