Maisonette for sale in Derby DE24, 2 Bedroom

Located off of Keldholme Lane..... This popular part of Alvaston offers excellent public transport links to and from the City Centre, to East Midlands Airport and other suburbs of the City. Conveniently placed, this maisonette is expected to appeal to first time buyers and investment type buyers looking for a lucrative opportunity.

Currently tenanted for £495.00 pcm, this property creates a platform to achieve 6.6% annual return as an investment. Whilst the vendor can serve notice and offer the property for sale with vacant possession, the tenant has expressed an interest in continuing a tenancy agreement so this could be an ongoing concern if you wish.

The property is currently leasehold which began in January 1984 and runs for a 99 year term. Today there is approximately 64 years remaining on the current lease. The vendor has made tentative enquiries with the freeholder and to obtain a lease extension to 99 years, the cost would be approximately £5,000 to £6,000. Customers are encouraged to understand that no written evidence has been obtained to this effect. The vendor has just made calls and been advised. The ground rent fee (according to the vendor) is £25.00 per annum and there is no annual maintenance fees.

In brief the property comprises of entrance hallway, lounge which facing out over the garden and kitchen which has been fitted with a range of high quality units and integrated appliances. The master bedroom is spacious and there is also a second single bedroom. The bathroom is fitted with a modern white suite and includes shower too.
To the front of the property there is a small lawned garden and pathway to the side of the property. To the side is the allocated parking and gated access then leads to the rear garden which is laid to lawn, has a patio section and a garden shed.
The property offers double glazing and gas central heating via a combination boiler and has been neutrally decorated throughout.

Entrance Hallway

With double glazed door to front, radiator, laminate flooring, under stairs storage cupboard and second storage cupboard.

Lounge

With double glazed window to rear and radiator.

Kitchen

Fitted with a range of matching wall and base units, integrated electric oven with electric hob and extractor fan over. Wall mounted combination boiler, sink and drainer unit, space for washing machine and space for fridge freezer. Tiled walls and patio doors to the rear (leading out into the garden)

Bedroom One

With double glazed window to front and radiator.

Bedroom Two

With double glazed window to front and radiator.

Bathroom

Fitted with a matching three piece suite comprising of panelled bath with shower over, low flush w/c and wash hand basin. Tiled walls, radiator and double glazed window to side.

Front View

With small lawned section and pathway to front door.

Allocated Parking

To the side of the property.

Rear Garden

Side gated access leads to the rear garden which is laid to lawn and patio and includes garden shed.

Lease Information

The property is leasehold and the lease began in January 1984 and was for a 99 year term. Today there is approximately 64 years remaining on the current lease and the vendor is making enquiries around the cost of a lease extension to then pass those details on to potential purchasers for the future.
The ground rent fee (according to the vendor) is £25.00 per annum and there is no annual maintenance fees

General Information

If you intend to purchase with a mortgage, you are encouraged to speak to your chosen lender or broker prior to viewing this property as the reduced lease term can effect the lending capacity of lenders.