2 bedroom Flat / Apartment
Friar Gate, Derby
£140,000
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A light and airy 2-bed, 2-bath apartment in Norman House City Centre. Open-plan living, allocated parking, chain free, and generating £900 PCM. Ideal investment with tenants in situ.
Investment Opportunity
The apartment boasts a bright, open-plan kitchen, living, and dining area designed to maximize space and natural light, creating a welcoming and contemporary environment perfect for modern city living. Finished to a high standard throughout with modern fittings and quality craftsmanship, the layout is both practical and comfortable.
Two spacious bedrooms provide ample accommodation, complemented by two contemporary bathrooms — ideal for families, sharers, or professional tenants. The property also benefits from the rare and highly sought-after convenience of an allocated parking space, a significant advantage in a city centre development.
Currently tenanted and generating a reliable income of £900 per calendar month, this apartment represents a fantastic investment opportunity. The sale is chain free, allowing for a smooth and efficient purchase process, making it ideal for buyers looking for a hassle-free rental income or a valuable addition to their property portfolio.
Norman House is a prestigious residential development known for its secure and well-maintained environment, making it a popular choice for professionals and city dwellers alike. With excellent transport connections and a wealth of local amenities on your doorstep, this location ensures ongoing tenant demand and strong capital growth potential.
Property Reference: HRT013326965
About Derby
Derby is a vibrant city in the East Midlands with a diverse population of more than 250,000 people. Located on the banks of the River Derwent in south Derbyshire, the city has a rich industrial heritage.
One of the city’s largest employers is Rolls-Royce, the world’s second-largest aero-engine manufacturer. The city is also the home of the Royal School for the Deaf, with one of the largest deaf communities in the UK.
Throughout the year Derby hosts a wide range of events. These include the UK’s largest outdoor classical music concert, to a photography festival and beer festival that bring residents and visitors together.
Derby also has a thriving arts and cultural scene. QUAD is a creative hub in the city centre featuring an art gallery, cinema, café bar and artists’ studios, while Chapel Street Arts Centre, formerly Déda is a nationally recognised dance centre offering classes and performances across a wide range of styles, from ballet to circus skills.
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Average price paid in Derby
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