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
£297,000

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
Price Change -10.00%

Description

This portfolio of six flats in Derby is an attractive investment opportunity for those seeking a steady rental return. The property, located in the city centre, 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 offers a worthwhile addition to an investor's portfolio. A key selling point is the opportunity to take over the management of the entire block, as the six apartments make up 50% of the 12-unit block, granting the investor the right-to-manage advantage. With its central location, close proximity to amenities, and fantastic transport links, this property is an excellent choice for investors looking to expand their portfolio.