2 bed terraced house for sale

Pelham Street, Derby, Derbyshire DE22

**ideal investment opportunity with A tenant in situ**
A traditional mid terraced house offering two bedrooms and two reception rooms with a tenant contracted until November 2025 generating annual gross income of £9,000. Located with good access to both the city centre and Royal Derby Hospital, the property benefits from electric heating and double glazed windows. To the ground floor there is a lounge, inner lobby, dining room and kitchen. To the first floor there is two bedrooms with the bathroom located off the master bedroom. To the rear there is a low maintenance paved garden with useful outhouse for storage. Viewing is essential.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Lounge (3.5m x 3.43m)

Wooden door from the front. UPVC double glazed window to the front. Electric panel heater, coving, laminate wooden flooring, door to the inner lobby.

Inner Lobby

Stairs to the first floor, laminate wooden flooring and door to the dining room.

Dining Room (3.5m x 3.45m)

UPVC double glazed window to the rear. Electric panel heater, laminate wooden flooring, understairs storage cupboard and door to the kitchen.

Kitchen (2.97m x 1.98m)

Wooden door to the side and uPVC double glazed window to the side. Matching wall and base units, roll edge work surface with a single sink drainer with mixer tap. Integral electric oven, electric hob and extractor over. Space for a fridge freezer and washing machine.

Landing

Doors off to both bedrooms.

Bedroom One (3.5m x 3.48m)

UPVC double glazed window to the rear. Electric panel heater, laminate wooden flooring, built in wardrobe and door to the bathroom.

Bathroom (3.02m x 2m)

UPVC double glazed window to the rear. Panelled bath, pedestal wash hand basin and WC. Airing cupboard, wall mounted electric heater and extractor.

Bedroom Two (3.5m x 3.45m)

UPVC double glazed window to the front. Electric panel heater, laminate wooden flooring and built-in wardrobe.

Outside

To the rear there is a yard with a gate to the side providing right of way access to the front.

Tenancy

This property is let on a 12 month agreement which expires in November 2025 and is currently achieving £750 pcm.