Summary - 73, MONK STREET DE22 3QE
1 bed 1 bath Flat
Prime city-fronting site with student housing potential near university transport links.
- Freehold 0.203-acre town-centre development plot
A rare central plot offering freehold ownership of a 0.203-acre site fronting the A601 ring road, close to Derby city centre and well served by buses and the railway. The site is promoted for a Purpose Built Student Accommodation (PBSA) scheme of 102 en-suite rooms across 16 clusters, making it a clear prospect for investors targeting the local student market. Its proximity to the University of Derby and strong transport links underpin steady rental demand.
Key positives include a central, highly visible roadside position and vacant possession on completion, which simplify redevelopment. The plot’s shape and size suit a mid-rise PBSA block but leave limited scope for landscaping or additional amenity space. The sale is marketed as a share transfer of an SPV and unconditional offers in excess of £1m are invited.
Important cautions: the planning application is still pending, so consent is not guaranteed. The immediate area is classified as deprived with very high crime levels, factors that will affect operating costs, management approach and investor underwriting. No internal or detailed external photos were provided; buyers should commission a full survey, measured site plan and due diligence on titles DY115854, DY588110 and DY211949 before offer.
This opportunity suits experienced PBSA developers or investors able to carry planning risk and manage town-centre letting. If planning consent is secured, the site offers a straightforward route to delivering a high-density student scheme within walking distance of campus and transport hubs.
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