Summary - 218 Norman House, Friar Gate, DERBY DE1 1NU
1 bed 1 bath Flat
Tenanted, secure one-bedroom flat in Derby city centre — ready for investors.
Secure building with lift access
A secure one-bedroom apartment in the heart of Derby city centre, offered with tenants in situ until June 2026. The building has lift access and an EPC rating of B, making it a straightforward addition to a rental portfolio. The flat's modern interior includes a compact contemporary bathroom and a medium-sized bedroom with neutral finishes.
This property sits minutes from train and bus stations and has easy road links to the A38, A52 and M1, supporting tenant demand from students and professionals. Broadband infrastructure is present, and mobile signal is excellent — useful for city-centre renters. Council tax is very low, which can appeal to cost-conscious occupants.
Important considerations for investors: the tenure is leasehold with a service charge around £1,000 (annual, stated) and ground rent £250, plus an area classified as very deprived and a crime level described as very high. Heating is electric with storage heaters and radiators; energy costs may be higher than gas-heated flats. Flooding risk is medium, which may affect insurance and some tenant profiles.
Overall, this is a pragmatic city-centre purchase for an investor seeking an income-producing flat in a student and professional neighbourhood. The tenancy in place gives immediate rental return, but the building and area factors should be reviewed against yield and long-term capital plans.
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