1 Bed Flat For Sale

A superb chance to acquire a well-positioned studio flat located in the vibrant heart of Derby city centre, within the sought-after area of Iron Gate. This compact yet functional studio apartment offers a well-proportioned layout combining living and sleeping areas, complemented by a contemporary ensuite shower room, making it perfectly suited for first-time buyers, city professionals, or investors.

Situated within walking distance of local amenities, shops, restaurants, and excellent transport links, this property benefits from an excellent city centre location, providing convenience and lifestyle advantages that are hard to beat. The property is currently let on a tenancy agreement running until 5th August 2025, generating a rental income of £170 per week. This equates to a gross annual income of approximately £8,840, making it an attractive buy-to-let investment. The sale can be completed either with vacant possession or with the tenant remaining in situ under the statutory tenancy period, offering flexibility to suit your purchasing needs.

Offered with no upward chain, this studio flat represents exceptional value and potential in Derby’s thriving property market. The property must be viewed to fully appreciate the convenient location and the opportunities it presents, whether you are seeking a practical home or a strong investment.

Arrange your viewing today to avoid disappointment.