2 bedroom Terraced House in Derby

138 Slack Lane, Derby DE22 3DZ
  • Property Type: Terraced House
  • Contract Type: Unconditional with Variable Fee

Guide Price* £79,000+ plus fees

Property Description

***High yielding freehold investment opportunity*** A superb buy-to-let residential investment opportunity to acquire a well maintained, brick and rendered built two/three bedroomed end-terraced property, occupying a popular and strong letting location, conveniently positioned Derby University Campus, the city centre and the A38. The property is currently let on an assured shorthold tenancy agreement producing £850 per calendar month (£10,200 per annum). This represents an impressive 12.9% return based on the guide price. Internally the versatile living accommodation has the benefit of being uPVC double glazed and gas centrally heated and in brief comprises of an open entrance lobby with stairs, lounge, fitted dining kitchen and dining room which is currently used as a bedroom. To the first floor split level landing there are two bedrooms and a family bathroom with three piece suite in white with shower. Outside to the rear there is an enclosed low maintenance garden with timber panelled fencing.

Entrance Lobby

With stairs.


Lounge

11ft 8 x 10ft 9 (irregular shaped room)


Fitted Dining Kitchen

11ft 7 x 10ft 9


Dining Room/Bedroom

11ft 1 x 9ft


First Floor Split Level Landing

19ft 5 x 3ft 5


Bedroom One

14ft 5 into wardrobe x 7ft 5 (irregular shaped room)


Bedroom Two

11ft 9 max x 10ft 9 (irregular shaped room)


Family Bathroom

9ft x 7ft 4


Outside

Enclosed low maintenance garden to the rear with timber panelled fencing.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 31st July 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

138 Slack Lane, Derby DE22 3DZ