Initial price	£55,000
15/08/25	£48,500
Price Change	-11.82%

This third-floor studio apartment is a valuable investment property, currently generating £5400 per annum in gross rental income. Located in a highly desirable area off Duffield Road, it's close to Derby City Centre, Darley Park, and the University of Derby. The property is leasehold with 150 years remaining on the lease, and the annual ground rent and service charge are £15 and £1525.92, respectively. The apartment features a communal entrance hall with lift access and staircase, and the internal layout includes a spacious living room with kitchenette area, shower room, and storage cupboard. The property also benefits from communal gardens and parking. With an EPC rating of D and council tax band A, this property presents a great opportunity for investors or those looking for a stylish and convenient place to live.