Summary - Friar Gate, Derby, Derbyshire, DE1 DE1 1NU
2 bed 1 bath Flat
Affordable two-bed city flat — chain-free, cash-buyer friendly, good rental potential..
Chain-free two-bedroom second-floor apartment with lift access
One bedroom with en-suite; open-plan living and kitchen
Leasehold tenure — check lease length and service charges
Electric storage heaters and radiators; likely higher running costs
Visible damp patch in living area; requires inspection and repair
Medium flood risk and very high local crime; impacts insurance and safety
Suitable for cash buyers or investors targeting students/professionals
This two-bedroom second-floor apartment in Friar Gate offers a compact city-centre residence with strong rental and resale potential. The open-plan living area and modern kitchen provide a practical, low-footprint layout attractive to students and young professionals. One bedroom has an en-suite, adding flexible rental or sharer appeal. The property is chain-free and comes with lift access to the floor, making it straightforward to transact.
Important practical points: the flat is leasehold and currently recommended for cash buyers; purchasers should confirm lease length and service charges. Heating is electric (storage heaters and radiators) and there are signs of a damp patch in the living area that will need inspection and repair. The building sits in an area with medium flood risk and very high local crime statistics, factors that will affect insurance costs, safety measures and tenant demand.
For investors the location benefits from a dense mix of students and professionals, fast broadband and excellent mobile signal; local amenities, universities and transport links are nearby. For a buyer prepared to carry out minor remedial works and manage leasing, the price offers scope for a solid yield. First-time buyers with cash or mortgage advice may also find the size and layout appealing but should budget for repairs and energy costs.
Viewings are recommended so buyers can assess condition, communal management and lease terms. The apartment’s main selling points are its central address, en-suite configuration and chain-free status; its drawbacks are damp maintenance, electric heating and local area risk factors that require due diligence.
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