Iron Gate, Derby DE1 6 bed block of apartments for sale

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Iron Gate, Derby DE1 6 bed block of apartments for sale

Iron Gate, Derby DE1
£290,000

Price History

Initial price £330,000
06/04/25 £325,000
12/04/25 £320,000
17/04/25 £315,000
28/08/25 £318,000
02/09/25 £325,000
03/09/25 £320,000
10/09/25 £318,000
18/09/25 £305,000
20/09/25 £301,000
18/11/25 £297,000
06/12/25 £290,000
Price Change -12.12%

Description

This portfolio of six flats in Derby is an attractive investment opportunity for those seeking a steady and rewarding rental return. The property, located in a city centre with close proximity to local amenities and transport links, consists of six bedrooms, a lounge, kitchen, and bathroom, and is in good condition. Currently generating an annual gross income of £50,136, the property presents a worthwhile addition to an investor's portfolio, with the potential to take over the management of the entire block as it makes up 50% of the 12-apartment block. With the right-to-manage advantage, investors can benefit from a smooth transaction process and maximum commitment to the sale from both buyer and seller.