Southside, Derbyshire
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Property for Sale in Derbyshire
Ilkeston is a market town situated between Derby and Nottingham, making it an ideal choice for individuals wishing to commute to either city for work. It also opens the pool of potential tenants.
Key Figures
£89,950Starting Price
6.7%Net Yield
Q3 2019Completion Date
Investment Details
About South Side- Buy to Let Investment in Ilkeston
The development consists of 69 one-and-two-bedroom apartments in the town centre within walking distance of many shops, bars and restaurants. One-bedroom apartments start at £89,950 and two-bedroom apartments from £106,995. These are luxury apartments with oversize windows to allow maximum natural light and stylish custom-built bathrooms and kitchens. As this is a completed development, there is no risk and immediate income is achievable.
South Side Ilkeston buy to let investment fundamentals
- Market town
- Located on the high street
- Boutique conversion
- One beds £89,950
- two beds £106,995
- Commuter town between Nottingham and Derby
- Prices below market comparables
- Parking available
- Low entry
- Payment plan in place
Why invest in Derby?
Derby is one of the most profitable places to invest in property in terms of the amount of rent you can achieve vs the cost of a property.
In addition to this, the city has been recognised as having one of the best strategies for attracting foreign direct investment and in general has received £4bn of investment within the past decade. This makes it the second fastest growing economy and it will benefit even more when HS2 is rolled out.
Businesses are investing large amounts of time and money into regional operations all around the country. An example of this is the new M&S distribution centre in Derbyshire, which could bring up to 1,000 new jobs and increase the demand for housing in the area considerably. The midlands is considered an attractive place to set up these distribution centres due to the convenience of being able to reach other parts of the United Kingdom with ease.
Enquire today to find out how HS2, the influx of new employees and increased investment will positively affect prices in towns and cities in the midlands and why now is a good time for investment.
The Numbers
Ground Rent:£250 (estimated)
Number of Units:
Service Charge:£900 (estimated)
Prices:From £89,950
Leasehold:250 years
All homes will offer modern open plan living and dining space with oversized windows ensuring maximum natural light. With hardwood veneer floors and stainless steel sockets throughout these high grade specifications combined with custom built kitchens integral appliances and stylish bathroom designs come as standard for prosperity clients, offering a home with style, luxury and comfort.
- Monthly and mortgage plan available.
- Quarterly payment plan available.
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