1 bedroom Flat / Apartment
Iron Gate, Derby
£60,000 Offers In Excess Of
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Modern studio apartment in Derby’s historic Iron Gate, ideal for investors. Open-plan living with fitted kitchenette, built-in storage, and modern shower room. Currently tenanted with 8% ROI, offering low-maintenance city centre investment potential.
Smart studio, prime city investment
The apartment is designed for ease and practicality, with a versatile open-plan layout that incorporates living, dining, sleeping, and kitchen areas within a bright and functional space. Two side-facing double glazed windows allow natural light to flow through, complemented by an electric radiator for warmth.
The modern kitchenette is neatly fitted with a range of grey wall and base units, wood-effect rolled edge work surfaces, an inset sink, integrated oven with hob and extractor, and an integrated fridge freezer. Built-in features, including a wardrobe, desk, and drawers, add valuable storage and enhance the usability of the space.
The bathroom is compact yet stylish, fitted with a shower cubicle housing an electric shower, wash hand basin, and WC.
Set within one of Derby’s most sought-after city centre locations, the property places you within walking distance of shops, restaurants, cultural attractions, and excellent transport links. Adding to its appeal as an investment, the apartment is currently tenanted by a working professional on a 12-month agreement and has consistently been rented to professional tenants for the past two years, generating a strong 8% return on investment. With its straightforward layout, desirable location, and established rental history, this studio represents an attractive, low-maintenance property with excellent city centre appeal.
Service Charge: £1600
Ground Rent: £250
Length of Lease: 243 Years
Property Reference: HRT013327173
Studio 4.27m max x 3.99m max
Open-plan living space with two side-facing double glazed windows, electric radiator, built-in wardrobe, desk and drawers. Fitted kitchenette comprising wall and base units with grey doors, wood-effect rolled edge work surfaces, inset sink, integrated oven, hob with extractor, and integrated fridge freezer.
Shower Room 1.67m x 1.47m
Fitted with shower cubicle housing electric shower, wash hand basin, WC, tiled splashbacks, extractor fan, and ceiling light.
About Derby
Derby in the East Midlands is controlled by Derby City Council, has more than 250,000 residents and has a diverse population. It lies in south Derbyshire on the Banks of the River Derwent and the largest employer in the area is Rolls-Royce, the world’s second-largest aero-engine manufacturer. The city is also the home of the Royal School for the Deaf Derby, and there is a significant deaf population in the community.
Derby plays host to a huge range of big events throughout the year, from the UK’s largest outdoor classical concert to a photography festival and beer festival, to name just a few. Whatever you like to do, you can probably do it in Derby. The Derby QUAD has an art gallery, cinemas, café bar and artists' studios, while Déda is a dance centre, running classes in everything from ballet to circus skills.
£251,517
Average price paid in Derby
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