Summary - Searl Street, Derby, Derbyshire, DE1 DE1 1BW
2 bed 1 bath Flat
Ideal for investors or renters seeking central location with parking and balcony.
Allocated off-street parking space within residents’ car park
Open-plan kitchen/lounge/diner with balcony and French doors
First-floor, lift-served apartment in modern low-rise block
Double-glazed windows; electric room heaters (higher running costs)
Approx 870 sq ft — average-sized two-bedroom layout
Leasehold with 79 years remaining; lenders may refuse mortgages
City-centre location close to university and local amenities
Local area classed as high crime and deprived — affects resale/rentability
Set on the first floor of a modern low-rise complex, this two-bedroom apartment offers practical city-centre living a short walk from university buildings. The open-plan kitchen, lounge and dining area opens onto a balcony, giving a light, social living space ideal for renters or compact households. The block is lift-served and includes one allocated off-street parking space within a residents’ car park.
The property is fitted with double glazing and electric room heaters; these make the flat straightforward and low-maintenance but are likely to mean higher running costs than gas-heated homes. The 870 sq ft layout is an average size for a city flat and includes a hallway storage cupboard alongside a three-piece bathroom. Constructed around 2003–2006, the building presents as modern and well-kept.
Important practical points: the flat is leasehold with 79 years remaining. Some mortgage lenders may refuse lending on this lease length, which will affect buyers relying on a mortgage and could reduce the pool of purchasers. The surrounding neighbourhood is classified as a cosmopolitan student area with higher crime and local deprivation indicators; this may influence longer-term capital growth and tenant demand outside the academic market.
Overall, this apartment suits investors targeting short-term lets or landlords seeking proximity to university demand, and buyers wanting central, low-maintenance accommodation with parking and outdoor space. Prospective purchasers should check mortgage availability for the lease remaining and factor likely higher energy costs from electric heating into running-cost calculations.
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