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 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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