Flat 14, Empress Court, 95, Empress Road, DERBY, Derbyshire, DE23 6TF

Description

One bedroom flat, close to the city centre With parking Great buy to let investment Description A one bedroom upper floor flat located on the outskirts of Derby city centre, close to amenities and bus routes. The lease is 125 years from 2007, meaning that the property has 106 years remaining, see legal pack. The accommodation comprises an entrance hall, open plan kitchen/living/dining, bedroom and a bathroom. There is also a parking space. The property is currently tenanted, and the tenant has served their notice to vacate which expires 20th September 2026. We’ve been informed that the landlord has agreed to let the tenant exit their contract early on 31st August, see legal pack for further information. Empress Court is located a short distance from Derby city centre which offers an array of amenities including restaurants, retail shops, bars and entertainment facilities. The Royal Derby Hospital is also close by. There is the potential to achieve a rental income of approximately £675-

Location

Property located at Flat 14, Empress Court, 95, Empress Road, DERBY, Derbyshire, DE23 6TF.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Long-Term Buy-to-Let. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆