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 offers a fantastic investment opportunity with a net yield of approximately 7% and a tenant in situ, generating £575.00 per month in rent. Located in a popular town centre, the property benefits from excellent access to a variety of amenities. The apartment is situated on the first floor and features an open-plan kitchen diner with a range of white gloss units, electric oven, hob, and double-glazed windows. The bedroom area is spacious and has a wall separating it from the main living area, with 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 space. The property is leasehold with 246 years remaining on the lease, and the service charge and ground rent are to be confirmed.