6 Bed Flat, Single Let, Derby, DE1 3GA £297,000

Iron Gate Studios, Derby, Derbyshire, DE1 3GA - 8 months ago
Leasehold
BTL
~247 m²
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Valuation

Sold Prices£493K - £493K
Sold Prices/m²£3.3K/m² - £3.3K/m²

 

 

Square Metres

~247 m²
Price/m²£1.2K/m²

Cashflows

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,250

Stamp Duty & Legal Fees

£20,900

Refurb Costs

£109,727

Total Cash In

£208,412

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Rent Range

£124 - £3,250

Rent Estimate

£124

Running Costs/mo

£973

Cashflow/mo

£-849

Cashflow/yr

£-10,187

Gross Yield

1%

Local Sold Prices

1 sold price from £493K to £493K, average is £493K. £3.3K/m² to £3.3K/m², average is £3.3K/m².

Price
Date
Distance
Address
Beds
 
£493K04/241.98 mi12, Quarndon Heights, Derby DE22 2XN4

Local Rents

50 rents from £124/mo to £3.3K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£3,25003/240.04 miSadler Gate, Derby, Derbyshire, DE16
£2,60003/240.04 miSadler Gate, Derby, Derbyshire, DE14
£1,74505/250.05 miSadler Gate, Derby, DE13
£1,69509/250.05 miSadler Gate, Derby, DE13
£1,74505/250.05 mi-3
£1,69509/250.05 mi-3
£1,70008/250.06 miSadler Gate, Derby, DE13
£1,80009/250.06 miLuxury Apartment, Sadler Gate, Derby3
£2,75010/250.06 miSt Marys Gate, Derby4
£1,75010/250.06 miMiddleton House, Derby, DE1 3FS3
£1,25009/250.06 miSt Marys Gate, Derby3
£1,40010/250.06 miSt Marys Gate, Derby3
£1,60009/250.06 miSt Marys Gate, Derby3
£1,45011/250.06 miSt Marys Gate, Derby3
£1,75010/250.06 miMiddleton House, Derby, DE1 3FS3
£1,75011/250.06 miSt. Marys Gate, Derby, Derbyshire, DE13
£1,75011/250.06 miSt. Marys Gate, Derby, Derbyshire, DE13
£12406/250.06 miSadler Gate, Derby - STUDENTS 25/266
£58510/250.06 miSadler Gate, Derby - STUDENTS 26/276
£62811/250.06 miSadler Gate STUDENTS 2026/20274
£58511/250.06 miSadler Gate STUDENTS 2026/20274
£54211/250.07 miSadler Gate, DE1 STUDENTS 2026/20276
£2,70008/250.07 miSt. Marys Gate, DERBY4
£1,70010/250.07 miSt. Marys Gate, DERBY3
£1,65008/250.07 miSt. Marys Gate, DERBY3
£1,75010/250.07 miSt. Marys Gate, DERBY3
£1,65010/250.07 miSt. Marys Gate, DERBY3
£1,70010/250.07 miSt. Marys Gate, DERBY3
£1,75010/250.07 miSt. Marys Gate, DERBY3
£1,60008/250.07 miSt. Marys Gate, DERBY3
£1,69508/250.08 miSadler Gate, Derby, DE1 3NL **£130 pppw3
£1,75007/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,75008/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,75008/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,75010/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,75010/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,75011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,65011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,65011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,65011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,65011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,65011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£1,65011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS3
£2,70007/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS4
£2,70010/250.09 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS4
£1,75003/240.09 miApartment 23, Middleton House, Derby DE1 3FS3
£1,70003/240.09 miSt Marys Gate, Derby3
£1,70011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE13FS3
£1,70011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE13FS3
£1,70011/250.09 miSt. Marys Gate, Derby, Derbyshire, DE13FS3

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.60 miles away

Nearest school

0.30 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £297,000

November 11, 2025

Price changed to £301,000

September 20, 2025

Price changed to £320,000

September 4, 2025

Price changed to £318,000

August 27, 2025

Price changed to £315,000

May 15, 2025

Price changed to £325,000

April 5, 2025

Listed for £330,000

March 18, 2025

Floor Plans

Property image

Description

  • Multi-Unit Property +
  • Portfolio of 6 Flats +
  • Utility Area +
  • Good Condition +
  • Allocated Parking +
  • Easy Access to Local Amenities +

Our latest listing is a portfolio of 6 flats in Derby. They are currently generating steady, rewarding rental returns for the current landlord. For investors looking for a rewarding investment, this is a brilliant opportunity!

This multi-unit property consists of 6 bedrooms, lounge, kitchen and bathroom in good condition, including amenities like utility area and allocated parking space. It is situated in a city centre location with close proximity to local amenities and fantastic transport links throughout.

Investment Details

It currently produces an annual gross income of £50,136 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

Key Selling Advantage: Selling these six apartments to one investor would allow them to take over the management of the entire block. These units make up 50% of the block (12 apartments total), granting the investor the right-to-manage advantage.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪