2 bedroom Flat / Apartment
Friar Gate, Derby
£125,000
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A well-presented 2-bed, 1-bath apartment in Norman House, City Centre. Open-plan living, allocated parking, chain free, and generating £850 PCM. Great investment with tenants in situ.
Investment Opportunity
We are pleased to offer this charming 2-bedroom, 1-bathroom apartment located within the highly desirable Norman House development, perfectly positioned in the heart of the city centre. This property represents an excellent opportunity for investors seeking a reliable rental income in a vibrant, well-connected location.
The apartment features a bright and spacious open-plan kitchen, living, and dining area designed to maximize natural light and provide a modern, comfortable living environment. The interior is finished to a good standard, with practical layouts that cater perfectly to contemporary city living.
Two well-proportioned bedrooms offer ample accommodation, while the modern bathroom completes the apartment. This property also benefits from the convenience of an allocated parking space, a rare and valuable feature in a city centre setting.
Currently let and generating an income of £850 per calendar month, this apartment is a strong investment option. Sold chain free, the purchase process is straightforward, appealing to buyers looking for a hassle-free addition to their portfolio or a secure income stream.
Norman House is a prestigious development known for its secure and well-maintained environment. Residents enjoy close proximity to key transport links, major employers, shopping facilities, and a wealth of leisure amenities, all of which contribute to sustained tenant demand and capital growth potential.
Property Reference: HRT013326995
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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