2 bedroom Flat / Apartment
Friar Gate, Derby
£140,000
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Stylish two-bedroom, two-bathroom apartment in the heart of Derby city centre within the sought-after Norman House development. Offered as an ongoing investment achieving an impressive 7.45% yield, with secure parking and excellent city access.
Modern City Centre Investment
The apartment features a bright and airy open-plan living, dining, and kitchen area, designed for modern city living. The kitchen is fitted with integrated appliances and sleek units, while large windows flood the space with natural light. There are two well-proportioned double bedrooms, with the master bedroom benefitting from a private en suite shower room, and a separate family bathroom finished to a high standard.
Residents enjoy secure fob entry, lift access, and the added benefit of one allocated parking space, a valuable feature in such a central location. The property’s modern design and convenience make it equally appealing to investors and owner-occupiers.
Norman House is situated just a short stroll from Derby’s vibrant Cathedral Quarter, Intu Shopping Centre, and a range of cafés, bars, and restaurants. Excellent transport links are nearby, including Derby Train Station and easy access to the A52 and A6, connecting to Nottingham and the wider East Midlands.
Financial details:
• Service charge: approx. £1,518.15 per annum
• Building insurance: approx. £272.21 per annum
• Ground rent: approx. £108.44 per annum
Property Reference: HRT013327003
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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