The property is situated on Stamford Street in Ilkeston town centre. Stamford Street adjoins Bath Street that offers an array of local amenities including pubs, restaurants and shopping facilities. Ilkeston provides excellent transport links for commuters and has a good range of local schooling within close proximity to the subject property.
The property comprises two fully self-contained flats. There is a one bedroom ground floor flat and a two bedroom flat arranged over the first and second floors. As the flats are self-contained, there is no service charge or maintenance of common areas.
The ground floor flat is accessed via the rear of the property and the entrance leads into the fitted kitchen, which benefits from having wood effect base and eye level units with laminate worktop and tiling to splash back areas. The shower room is located off the kitchen and is fitted with low flush WC, wash hand basin and single shower cubicle with electric shower. The lounge provides access to the spacious double bedroom with bay window.
The two bedroom first and second floor flat is accessed via a door to the side of the property. It comprises of modern fitted kitchen with base and eye level wood effect units with laminate worktop and complimentary tiling to splash back areas, integrated hob, oven, extractor, sink and drainer. At present the front bedroom is utilised as a living room and there is an additional room off the kitchen. The second floor landing provides access to the family bathroom comprising of low flush WC, wash hand basin and bath. A second bedroom is located on the top floor.
16 – GF 39.89 m2 429 ft2
16A – FF & SF 58.69 m2 631 ft2
Total 98.57 m2 1,061 ft2
Approx. gross internal floor area
We understand the property has mains electric, water and drainage. The first floor flat (16A) has gas powered heating.
The property provides for an excellent investment opportunity to acquire two proven investments flats. The property has consistently produced in excess of £9,000 per annum, equating to an impressive yield of 11%. Furthermore, the successful purchaser will be buying the freehold.
The property is rated in Council Tax Band A. Council Tax payable (2014/15) is £1020.24
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
16-16A Stamford Street,
✓ Previously let for £9,122 pa (2014/15)
✓ 11% Yield
✓ The property has been successfully let for ten years
✓ The second floor flat (2 Bed) is currently occupied (£395 pcm)
✓ The ground floor flat (1 Bed) is currently being re-let
✓ On street parking
Phone: 0115 970 6060
Our Ref: PR119