Studio flat for sale

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Studio flat for sale

Norman House, Friar Gate, Derby, Derbyshire, DE1 1NU
£80,000

Price History

Initial price £85,000
06/09/24 £80,000
Price Change -5.88%

Description

This one-bedroom studio apartment is a fantastic investment opportunity with a net yield of approximately 7% and a tenant already in situ. Located in a popular town centre, the property offers excellent access to a variety of amenities. The apartment is situated on the first floor and has a communal entrance with lifts and post-boxes for residents. The open-plan kitchen diner is fitted with a range of white gloss units, appliances, and large double-glazed windows to the rear. The bedroom area is spacious with a wall separating it from the main living area and doors leading to the bathroom and walk-in wardrobe. The bathroom is fitted with a three-piece suite, and the walk-in wardrobe provides ample storage. The property is leasehold with 246 years remaining on the lease, and the current rent is £575 per month.