Summary - Flat 4, 53, Queen Street DE1 3DE
1 bed 1 bath Apartment
Compact city flat with immediate income and strong transport links.
Tenant in situ at £600 pcm providing immediate rental income
A compact one-bedroom apartment in Derby’s Cathedral Quarter, offered with a tenant in situ at £600 pcm — an immediate rental income opportunity. The property sits in an Edwardian mixed-use building and provides a simple, open-plan living/kitchen, one double bedroom and a bathroom. Communal entrance and traditional layout suit an investor or a first-time buyer seeking central city location and rental return.
Practical points: the flat is leasehold with about 112 years remaining and electricity-powered room heaters. Broadband speeds are very slow and heating is via electric heaters rather than gas central heating, which will affect running costs. The area shows high crime levels and is classed as very deprived, so factor this into lettings and insurance considerations.
Transport and amenities are strong selling points — quick access to bus and train stations, major roads (A38/A52/A50), university campuses, hospitals and city leisure facilities. Council tax is very cheap. The building’s period character and central location give ongoing rental demand, but expect straightforward maintenance and possible upgrades (heating, wiring, broadband) to improve net returns.
Viewings are advised to assess condition and layout personally. Lease documents and potential additional leasehold fees should be checked before purchase; buyers should verify measurements, services and legal title as these have not been independently tested or confirmed.
1 bedroom apartment for sale in Queen Street, Derby, DE1 — £75,000 • 1 bed • 1 bath • 420 ft²
2 bedroom apartment for sale in Gower Street, Derby, DE1 — £75,000 • 2 bed • 1 bath
1 bedroom flat for sale in Friar Gate, Derby, DE1 — £77,500 • 1 bed • 1 bath
1 bedroom flat for sale in Friar Gate, Derby, DE1 — £98,000 • 1 bed • 1 bath
2 bedroom ground floor flat for sale in Cathedral View, Full Street, Derby, Derbyshire, DE1 3AF, DE1 — £169,500 • 2 bed • 2 bath • 603 ft²
1 bedroom flat for sale in Cathedral View, Derby, DE1 — £79,995 • 1 bed • 1 bath • 496 ft²
