Summary - APARTMENT 7, IRON GATE STUDIOS 37-38, IRON GATE, DERBY DE1 3GA
1 bed 1 bath Flat
Chain-free, income-producing studio in central Derby — sold vacant or tenanted..
- Prime Derby city-centre location, close to shops and transport
- Currently let until 05/08/2025 at £170/week (gross £8,840 pa)
- Chain-free sale; can be sold vacant or tenanted
- First-floor studio, one flight of stairs; no lift
- Electric room heaters; main fuel electricity (unspecified tariff)
- Very slow broadband in the area
- Local area classified as very deprived; crime level very high
- Leasehold tenure — check remaining term and service charges
A compact first-floor studio in the heart of Derby city centre, Iron Gate Studios offers straightforward, low-maintenance accommodation ideal for buy-to-let investors or city-based first-time buyers. The layout combines living and sleeping space with a modern ensuite shower and a small fitted kitchen. The property is offered chain-free and can be sold with vacant possession or with the existing tenant in situ.
Currently let until 5 August 2025 at £170 per week (gross annual income approximately £8,840), the flat provides an immediate rental return and simple management for a landlord. The building has no lift and the studio is one flight of stairs up; access may not suit mobility-restricted buyers. Tenure is leasehold — prospective purchasers should check remaining term and service charges.
Practical considerations: heating is by electric room heaters and the property runs on electricity (unspecified tariff), broadband speeds in the area are reported very slow, and local crime levels are very high. The location is extremely central with many amenities, public transport links and nearby colleges, which supports tenant demand despite wider area deprivation.
This is a value-focused city-centre purchase: low purchase price and flexible sale terms make it an easy acquisition for investors seeking immediate income or buyers prepared to accept basic finishes and some local-area challenges. Viewings recommended to assess condition, lease details and refurbishment potential firsthand.
1 bedroom flat for sale in Market Place, Derby, Derbyshire, DE1 — £75,000 • 1 bed • 1 bath • 350 ft²
1 bedroom flat for sale in Friar Gate, Derby, DE1 — £80,000 • 1 bed • 1 bath • 650 ft²
1 bedroom apartment for sale in Drewry Court, Derby, DE22 — £82,500 • 1 bed • 1 bath • 410 ft²
1 bedroom apartment for sale in Friar Gate, Derby, Derbyshire, DE1 — £80,000 • 1 bed • 1 bath • 408 ft²
1 bedroom flat for sale in Friar Gate, Derby, DE1 — £77,500 • 1 bed • 1 bath
1 bedroom flat for sale in Full Street, Derby, DE1 — £115,000 • 1 bed • 1 bath • 495 ft²
