This property has been taken off the market.

1 Bed Apartment House For Sale Erasmus Drive, Derby, DE1

£160,000- Apartment

1 of 14
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 18th April 2024

Description


SUMMARY
IDEAL INVESTMENT - HIGH YIELD - A stunning one-bedroom apartment on the first floor of the unique Nightingale Quarter development by renowned developer, Wavensmere Homes. To be sold with tenant in situ, the apartment is located close to Derby City and Derby Train Station.


DESCRIPTION
A modern first floor apartment to be sold with tenants in situ located close to Derby City and Derby Train Station. The accommodation comprises an open plan living kitchen, double bedroom and bathroom. The apartment would make an ideal first investment or addition to a current portfolio

. 
Situated on the site of the former Derbyshire Royal Infirmary, Nightingale Quarter offers a range of one, and two bedroom apartments, the infirmary's iconic pepper pot buildings will be retained for community use, with residents having access to numerous facilities including on site restaurant and gyms.

This landmark development gives homeowners an opportunity to live in a city with the UK's second-fastest-growing economy, and which offers good transport links to both Birmingham and London. The development will also provide large amounts of green space, as well as open-air fitness areas, cycle routes and children's play areas.

The apartments will appeal to professional couples looking for high quality living with low energy costs while enjoying easy access to the City Centre and local commuter links with likes of Rolls Royce, Alstom, The Royal Derby Hospital and Pride Park.

The development has also been popular with buy to let investors from across the globe due to the high rental yields being achieved. Many apartments are already let and occupied with one bedroom apartments ranging from £850 - £900 PCM.


Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.\r
2. These particulars do not constitute part or all of an offer or contract.\r
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.\r
4. Potential buyers are advised to recheck the measurements before committing to any expense.\r
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.\r
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Agent Details
Ashley Adams
37-38, Iron Gate, Derby, DE1 3GA
Show Contact Number
01332 202 040

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 1 bedroom property. See more properties like this.

£200,000
Derby, DE23
Terraced
9.7
£120,000
Derby, DE1
Flat
8.9
£120,000
Derby, DE22
8.7
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested