Summary - 18 Westgate, Mill Street DE1 1DH
2 bed 2 bath Apartment
Long lease, tenants in situ — immediate rental income and allocated parking.
Two double bedrooms, master with en-suite
A long-lease, two-double-bedroom second-floor apartment located within walking distance of Derby city centre and the lively Friar Gate area. The layout includes an open-plan living room with a Juliet balcony, a modern fitted kitchen and a master bedroom with an en-suite — practical finished space ideal for rental occupancy.
The property is being sold with tenants in situ paying £850 per month, presenting an immediate income stream for a buyer seeking an investment. The lease is exceptionally long (978 years remaining) and the apartment includes allocated off-street parking and gated entry, important conveniences for city-centre living.
Buyers should note material considerations: heating is by electric room heaters rather than a central gas system, which can mean higher running costs; the development attracts a student and cosmopolitan demographic, which can bring higher turnover and occasional noise; and the area records higher crime levels than average. There is an annual service charge of about £1,640 and the tenure is leasehold.
Overall, this apartment suits investors wanting an income-producing city-centre asset or a first-time buyer aiming for a low-management home close to amenities. The chain-free sale and immediate rental income are clear strengths, balanced by the heating type, local crime profile and service charge commitments.
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