Offers in region of
£120,000
2 bed flat for saleGrasscroft House, Archdale Close, Chesterfield, Derbyshire S40
2 beds
1 bath
1 reception
EPC Rating: C
- Leasehold
Cope & Co.
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About this property
Ideal Two Double Bedroom Apartment
Superb Investment Opportunity For Seasoned & First Time Investors Alike
Monthly Rental Income Of £750pcm
Attractive Yield Of 7.50%
Minimal Void Periods
Spacious Reception Room, Galley Style Kitchen
Allocated Parking
Close To Local Amenities & Travel Routes
EPC Rating - C
Council Tax Band - B
Superb Two-Double-Bedroom Investment Apartment In Chesterfield With Attractive Yield
Discover a compelling investment opportunity in Grasscroft House, Chesterfield, with this well-presented two-bedroom apartment, potentially generating a consistent monthly rental income of £750pcm.
This property is ideally suited for both seasoned investors looking to expand their portfolio and first-time investors seeking a reliable entry into the buy-to-let market, benefiting from a strong attractive yield of 7.50% and minimal void periods.
Upon entering, you are greeted by the useful hallway, offering an ideal space for storing your shoes, coats and bags, with beautiful new herringbone style flooring. Heading to the left is the welcoming and spacious reception room, providing ample space for both relaxation and dining. This versatile area is designed to accommodate various furniture layouts, making it a comfortable hub for the resident.
Across from the reception room is a practical galley-style kitchen, thoughtfully laid out to maximise efficiency and storage. While compact, it offers all the necessary amenities for daily living, ensuring a functional and easy-to-maintain space.
The apartment boasts two generously sized double bedrooms, each offering a peaceful retreat. These rooms are well-proportioned, providing comfortable sleeping quarters and sufficient space for wardrobes and additional furnishings.
The family bathroom serves both bedrooms, featuring a clean and functional design that caters to everyday needs. Comprising of a shower over bathtub, W.C. And wash basing with vanity unit below.
One of the significant advantages of this property is the inclusion of allocated parking, a highly sought-after feature that adds convenience and value, particularly in residential areas. This ensures hassle-free parking for the resident, enhancing the overall appeal of the apartment.
Location is key, and Grasscroft House benefits from its proximity to a range of local amenities. Residents will find shops, supermarkets, and essential services within easy reach, simplifying daily errands. The area also offers good access to various travel routes, making commuting straightforward whether by car or public transport. This connectivity is a major draw for tenants, contributing to the property's consistent demand.
The property holds an EPC Rating of C, indicating good energy efficiency, which can be appealing to tenants due to potentially lower utility costs. The Council Tax Band B further adds to the property's affordability, making it an attractive proposition for long-term tenancy.
This apartment represents a straightforward and appealing investment, offering immediate returns and long-term potential in a desirable Chesterfield location.
Key Features:
- Two Double Bedrooms
- £750pcm Rental Income
- 7.50% Yield
- 134 years left on the lease; ending 01/01/2160
- Allocated Parking
- EPC Rating C
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More information
Tenure
Leasehold (134 years)
Service charge
Council tax band
B
Ground rent
Ground rent date of next review