Compact city-living ideal for students or investors seeking central convenience.
City-centre Friar Gate location, close to shops and Derby station
Compact 408 sq ft one-bedroom with open-plan living
Long lease remaining: 243 years (from 2016)
Low ground rent £250 pa and service charge £812.72 pa
Sold at auction — check legal pack and bid deadlines
Medium flood risk — check insurance and flood history
Area records very high crime — impacts safety and insurance
Suitable for students, professionals, or buy-to-let investors
A compact one-bedroom apartment in the heart of Derby, offering 408 sq ft of open-plan living suited to students, professionals or buy-to-let investors. The flat sits on Friar Gate with immediate access to bars, restaurants, shops and Derby railway station, making it convenient for commuting and city-centre living.
Key practical strengths include a long lease (243 years remaining), modest ground rent (£250 pa) and a below-average service charge (£812.72 pa). The interior is modern and neutral with an open-plan kitchen/living area and laminate flooring — move-in ready for many buyers.
Important cautions: the property is leasehold and will be sold at auction, so buyers must review the legal pack carefully before bidding. The area records very high crime levels and a medium flood risk; these are material factors for residents and insurers and may affect rental appeal and insurance costs.
This lot will suit a city-centre investor, a student seeking central living, or a first-time buyer wanting a compact urban base. If purchasing at auction, allow time to inspect the legal pack, arrange finance and factor in area considerations (crime, flood risk) when deciding a bid level.
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