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 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.
£241,883
Average price paid in Derby
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