142 Norman Street, Ilkeston DE7 8NR

Investment opportunity - A detached dwelling incorporating four self-contained and individually accessed apartments, three of which are one bedroom, and the fourth is a larger two storey duplex, two bedroom, two bathroom apartment. The property is one on one freehold title, having been separated and extended in years gone by to create the four separate apartments to which all four apartments have their own individual EPC ratings, EICR ratings, Gas Safety Certificates (where required) and tenancy contracts. Currently earning approximately £1,900 PCM between the four apartments, giving a current annual income of £22,800. Three of the four apartments are due a rent review to where the income levels for the building could be pushed for a higher return. The two ground floor apartments, left and right of the two central doors, are both one bedroom, open plan living apartments, with the left hand side accommodation offering an open plan living kitchen space with rear bedroom and en-suite shower room. The right hand side ground floor apartment incorporates a more bedsit-style apartment which is the lowest value of the four, offering an open plan bedroom living kitchen space leading through to a separate shower room and toilet area to the rear. A communal staircase then rises to a top floor landing where two further individual doors provide access to the first floor apartments. The righ…

From the Network Auctions listing. Read the full listing and legal pack →