Summary - 35 NORFOLK GARDENS DERBY DE22 1AJ
1 bed 1 bath Studio
Low-entry let studio close to university — immediate income with manageable running costs..
Currently let, producing £5,400 per annum gross
Third-floor studio with lift access and full-width picture window
Off-street communal parking and shared gardens included
Leasehold — c.100 years remaining from 1975
Service charge £1,525.92 pa; ground rent £15 pa
No central heating system; electric heaters assumed
EPC rating D; cavity walls assumed uninsulated
Close to University, Darley Park and Duffield Road amenities
A compact third-floor studio in Tower House, offered as a secure income-producing investment. The apartment is currently let and produces £5,400 pa gross, sitting close to Duffield Road, Darley Park and the University of Derby — convenient for student or professional lettings. Communal entrance with lift, off-street parking and shared gardens add practical appeal for tenants.
The interior is straightforward and well fitted for its size: a 14'6 x 14'4 living area with a modern kitchenette, full-width picture window, wood-effect flooring and a recessed wardrobe. The shower room is fitted with an electric Mira shower and heated towel rail. UPVC double glazing is installed; the building dates from the 1950s–60s and shows mid-century, utilitarian character.
Buyers should note the material lease and running-cost details: leasehold with c.100 years remaining from 1975, service charge £1,525.92 pa and ground rent £15 pa. Heating appears to rely on electric heaters and there is assumed lack of wall insulation; the EPC is rated D. These factors will influence management costs and future upgrade decisions.
At the asking price, this flat is most relevant to investors seeking a low-entry, city-centre rental with immediate income and straightforward maintenance. It also suits a professional or student buyer wanting a small, well-located home, though anyone planning long-term occupation should budget for potential heating and insulation upgrades.
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