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
£315,000

Price History

Initial price £330,000
06/04/25 £325,000
12/04/25 £320,000
17/04/25 £315,000
Price Change -4.55%

Description

This portfolio of six flats in Derby is a lucrative investment opportunity for investors seeking a rewarding return. The property, located in the city centre with easy access to local amenities and transport links, currently generates an annual gross income of £50,136 from existing tenants. The flats, comprising six bedrooms, lounge, kitchen, and bathroom, are in good condition and include amenities such as a utility area and allocated parking space. With a purchase price that offers a worthwhile addition to an investor's portfolio, this property presents a unique opportunity to take over the management of the entire block, granting the right-to-manage advantage.