Summary - Apartment 712, Prosperity House DE1 1AW
2 bed 1 bath Apartment
High-yield sixth-floor flat with tenants and excellent transport links.
Sixth-floor modern two-bedroom apartment
Sold at auction via Secure Sale online bidding
Tenants in situ achieving £615 PCM (investment)</br>241 years remaining on the lease
High annual service charge £4,364
Annual ground rent £250
Electric storage heating (higher running costs possible)
Area has very high crime and significant deprivation
This sixth-floor, two-bedroom apartment sits in the heart of Derby city centre and is offered to the auction market as an investment opportunity with tenants in situ. The open-plan living and kitchen area, modern fittings and recent construction (post-2012) make the flat straightforward to let in a busy urban location close to the train and bus stations.
The property is leasehold with 241 years remaining and modest annual ground rent (£250). Note the high annual service charge (£4,364) and electric storage heating — both will affect running costs and net rental yield. Council Tax Band B is relatively low, but the wider area shows high crime levels and significant deprivation; these factors can influence tenant demand and resale prospects.
Currently achieving £615 PCM, the apartment suits an investor seeking an entry-level, city-centre let bought through online auction (Secure Sale terms apply). Buyers should budget for service charge liabilities and consider the impact of electric heating and local crime statistics on long-term rental income and capital growth. Viewings and due diligence are recommended before bidding.
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