Summary - Flat 5, 87 Stanley Street DE22 3GU
2 bed 1 bath Semi-Detached
Gated two-bed apartment with allocated parking and strong rental yield in Derby.
- Two double bedrooms with open-plan kitchen/lounge
- Estimated rent £750–£795pcm; potential 8.57% yield
- Gated development with allocated off-street parking
- EPC C and Council Tax Band A
- Leasehold with c.107 years remaining
- Service charge £1,307.60pa; ground rent £276.97pa
- Electric room heaters (higher running costs than gas)
- Small 517 sq ft apartment; area has above-average crime
Presented as an attractive buy-to-let or starter home, this two-bedroom apartment sits within a gated modern development in Derby. The open-plan kitchen and lounge maximise the compact footprint, offering a bright, flexible living area for tenants or owners. Allocated off-street parking and secure gated access are notable conveniences in this city setting.
Financially the property is strong for investors: estimated rent of £750–£795pcm produces an approximate yield of 8.57% at the current asking price. The apartment has an EPC rating C and low Council Tax Band A, both helpful for running costs and tenant appeal. The 107-year lease remaining gives reasonable long-term security for leaseholders.
Buyers should note the material costs: an annual service charge of £1,307.60 and ground rent of £276.97 (c. £132pcm total) affect net returns. Heating is by electric room heaters rather than gas central heating, which can mean higher energy bills. The property is a relatively small 517 sq ft and sits in an area with above-average crime levels, factors to weigh against the rental income potential.
Overall, this apartment is best suited to investors seeking a straightforward, high-yield city rental or first-time buyers wanting a manageable, low-maintenance home with good transport links. It offers immediate rental potential and practical amenities, but budget for ongoing service charges and potentially higher energy costs.
2 bedroom apartment for sale in 87 Stanley Street, Derby, Derbyshire, DE22 3GU, DE22 — £105,000 • 2 bed • 1 bath • 546 ft²
2 bedroom ground floor flat for sale in 87 Stanley Street, Derby, Derbyshire, DE22 3GU, DE22 — £115,000 • 2 bed • 1 bath • 545 ft²
2 bedroom apartment for sale in 87 Stanley Street, Derby, Derbyshire, DE22 3GU, DE22 — £120,000 • 2 bed • 1 bath • 545 ft²
2 bedroom flat for sale in Parliament Street, Derby, Derbyshire, DE22 — £110,000 • 2 bed • 1 bath • 538 ft²
2 bedroom apartment for sale in Magellan Way, Derby, Derbyshire, DE24 — £112,000 • 2 bed • 2 bath • 701 ft²
2 bedroom apartment for sale in Stuart Street, City Centre, Derby, DE1 — £135,000 • 2 bed • 2 bath • 638 ft²
