Summary - Friar Gate, Derby, DE1 DE1 1NU
1 bed 1 bath Flat
City-centre one-bedroom with parking and immediate rental potential.
Allocated secure off-street parking included, rare for city-centre flats
Generous overall size at approximately 650 sq ft for one bedroom
Integrated kitchen appliances; modern compact kitchen area
Currently tenanted — immediate rental income potential
Long lease (~260 years) and modest ground rent (£82)
Medium flood risk at the location; affects insurance and repairs
Very high local crime rate; impacts rental appeal and resale
Electric storage heaters — likely higher running costs than gas
This first-floor studio-style one-bedroom flat occupies a generous 650 sq ft in the heart of Friar Gate, moments from city-centre amenities and transport links. It offers practical city living with a modern kitchenette, integrated appliances and allocated secure off-street parking — a scarce convenience for central apartments. Broadband and mobile signal are excellent, supporting professionals or tenants who work from home.
The property is currently let, presenting immediate rental income for an investor or a straightforward first buy-to-let addition. The long lease (around 260 years remaining) and a modest ground rent (£82) reduce medium-term tenure risk. An EPC C rating is reasonable for an inner-city flat and the layout suits single professionals, couples or students seeking central location and convenience.
Buyers should note clear and material drawbacks. The building sits in an area with very high recorded crime and significant social deprivation, which can affect rental demand and resale appeal. Heating is by electric storage heaters and radiators, which can be more expensive than gas alternatives. There is a medium flood risk recorded for the location. These factors are reflected in price and will influence running costs and insurance premiums.
Overall, this apartment is best suited to investors or buyers prioritising central location, immediate rental income and secure parking. It offers straightforward accommodation with modern fittings but requires awareness of higher local crime, potential running costs from electric heating, and flood considerations when assessing long-term value.
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