2 Bedroom Block of Apartments

Station Road, 
Ilkeston, 
DE7 5LH
Purchase price
£90,000
  • Tenanted
ATTENTION INVESTORS - DEVELOPMENT OPPORTUNITY! A block of two self-contained one bedroom apartments, one sold with tenant in situ and the other requiring development.
  • Financial Performance*
Gross rent
£6,000
Lettings fees
£600
Net income
£5,400
Gross yield
6.67%
Net yield
6.0%
  • Key Features
  • Freehold investment
  • Two self contained flats
  • Development opportunity
  • Well connected transport links
  • Management in place
  • Tenant in situ

A fantastic investment opportunity comprising a mid terraced building converted into two self contained one bedroom flats, ideally positioned on a well connected residential road.
The first floor flat is well arranged and offers a bright reception room, fitted kitchen, double bedroom and bathroom. The ground floor flat also comprises one bedroom, reception room and bathroom but presents a development opportunity, offering scope for refurbishment. The property benefits from its own access and represents an attractive prospect for investors seeking rental income with additional upside potential.

Ilkeston is a popular and well established market town in Derbyshire, positioned between Nottingham and Derby, making it ideal for commuters. Station Road is conveniently located for local shops, supermarkets, schools and everyday amenities. Excellent transport links include nearby road connections to the A610 and M1 motorway network, along with regular bus services. The recently reopened Ilkeston railway station further enhances connectivity, providing direct routes to Nottingham and beyond.

Ilkeston has seen continued residential demand due to its affordability compared with neighbouring cities. Ongoing regional investment and infrastructure improvements across Derbyshire and the East Midlands continue to support capital growth and rental demand. The reopening of the railway station and wider East Midlands development initiatives have strengthened the town’s appeal to commuters and investors alike.

  • Financial Performance *
Gross rent
£6,000
Lettings fees PA
£600
Net income
£5,400
Gross yield
6.67%
Net yield
6.0%

Fill in your details below to enquire about property YL-08436
2 Bedroom Block of Apartments

Station Road, 
Ilkeston
By submitting your details you consent to being contacted by yieldit by telephone and/or email for this and similar marketing material.
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
  • Location
  • EPC