Summary - APARTMENT 712, PROSPERITY HOUSE, GOWER STREET, DERBY DE1 1AW
2 bed 1 bath Apartment
Tenanted unit with attractive rental return and long lease for investors..
Tenants in situ generating £800 pcm (immediate income)
This purpose-built two-bedroom apartment occupies a central Derby location and is offered with tenants in situ at £800 pcm, making it suited to investors seeking immediate income. The flat sits within a secure communal block with lift access and an open-plan living/kitchen layout. The long lease (circa 241 years remaining) and recent construction (post-2012) reduce medium-term title and major-works risk.
Practical features include double glazing and electric storage heating; the property is compact with standard ceiling heights and small room sizes typical of city flats. Council tax is low, and broadband and mobile signals are strong — useful for city renters and students. The building appears modern and low-maintenance, but potential buyers should confirm exact service charges and any leasepack costs.
Important considerations: the apartment is leasehold and sold specifically to investors with tenants in situ, so vacant possession is not available. The neighbourhood data shows very high crime and high area deprivation, which may affect tenant profiles, management needs and long-term capital growth. Buyers should check current tenancy terms, income proof, and obtain full lease documentation before committing.
Overall this is a straightforward buy-to-let addition for a portfolio, offering immediate rental income and a long lease, but it requires an investor comfortable with city-centre management and the local area profile.
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