Studio

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Studio

Iron Gate, Derby DE1
£68,000

Price History

Initial price £70,000
14/07/25 £68,000
Price Change -2.86%

Description

This is an excellent opportunity for a buy-to-let investor to acquire a studio apartment in the sought-after Cathedral Quarter area of the city. The studio is currently let at £650 per month, but could also be available with vacant possession. The property features a studio room with modern kitchen and separate shower room, accessed via secure communal areas. The property also has a communal laundry room and is leasehold with approximately 245 years remaining on the lease. The ground rent is £250 per year and the service charge is £2528.53 per year. The property is a great investment opportunity for those looking to capitalize on the city's growing rental market.