Summary - Flat 8, 87, Stanley Street, DERBY DE22 3GU
2 bed 1 bath Apartment
Compact, gated two-bed with rental potential and allocated parking.
Gated development with allocated off-street parking
Set within a gated development on Stanley Street, this two-bedroom apartment is a practical, affordable entry point for first-time buyers and a compact, lettable option for investors. The open-plan kitchen/lounge is the apartment’s focal point and offers a straightforward layout that’s ready to personalise. Two double bedrooms and a single three-piece bathroom complete the internal accommodation across approximately 546 sq ft.
The property offers clear investment potential: estimated rental income £750–795pcm and a potential yield around 8.57%. Allocated off-street parking, an EPC rating of C and Council Tax Band A help keep running costs modest and boost rental appeal. The development was built in the early 2000s and benefits from double glazing and insulated cavity walls.
Buyers should note material factual points: this is a leasehold flat with about 107 years remaining, an annual service charge of £1,307.60 and ground rent of £276.97. Heating is by electric room heaters rather than central gas, and the wider area records above-average crime rates — factors to weigh for long-term ownership or letting.
Overall this is a small but well-located apartment with sensible running costs and clear scope for cosmetic improvement to add value. It suits a buyer seeking a low-entry purchase to occupy or rent out quickly, with straightforward opportunities to personalise the interior and improve rental income or resale appeal.
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