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About this property

** IDEAL INVESTMENT PROPERTY GENERATING ANNUAL GROSS INCOME OF £6,900**

A first floor studio apartment within a Grade II listed building over looking the market place in the city centre, providing an ideal investment opportunity. This recently converted apartment benefits from secondary glazed windows, electric heating, new carpet and new oven and hob. The property is currently tenanted and achieves annual rental income of £6,900. Located on the first floor this property has a entrance hall, open plan studio with lounge and bedroom area having a feature fireplace and the kitchen has integral oven, hob and fridge. There is a modern shower room with double shower off the studio. Viewing is essential.



Outside
There is a gate from the market place leading to this block of apartments.

Communal Area
There is a communal entrance hall, stairs and landing leading to this apartment.

Entrance Hall
Wooden door from the communal landing. Intercom to communicate with main gate, door to the studio.

Studio
5.56m x 5.05m
Three secondary glazed windows to the front. Decorative fireplace, electric panel heater. Matching wall and base mounted units, work surface with a single sink with drainer and mixer tap and tiled splashbacks. New integral electric oven, new electric hob and extractor over. Integral fridge and a washing machine. Door to the shower room.

Shower Room
3.25m x 1.24m
Secondary glazed window to the rear. Double shower cubicle, vanity wash hand basin and WC. Splashback panels, heated towel rail and extractor.

Room details

  • Outside
    There is a gate from the market place leading to this block of apartments.
  • Communal Area
    There is a communal entrance hall, stairs and landing leading to this apartment.
  • Entrance Hall
    Wooden door from the communal landing. Intercom to communicate with main gate, door to the studio.
  • Studio 5.56m x 5.05m
    Three secondary glazed windows to the front. Decorative fireplace, electric panel heater. Matching wall and base mounted units, work surface with a single sink with drainer and mixer tap and tiled splashbacks. New integral electric oven, new electric hob and extractor over. Integral fridge and a washing machine. Door to the shower room.
  • Shower Room 3.25m x 1.24m
    Secondary glazed window to the rear. Double shower cubicle, vanity wash hand basin and WC. Splashback panels, heated towel rail and extractor.

Key information

Council Tax Band: A

Tenure: Leasehold

Leasehold Information:

  • Number of years left on lease: 244 years
  • Annual service charge: £1,000
  • Annual ground rent: £125
  • Annual ground rent review period: Contact branch
  • Ground rent increase: Contact branch
  • Utility supply:

    • Electric: Ask agent
    • Water: Ask agent
    • Heating: Ask agent
    • Broadband: Ask agent
    • Sewerage: Ask agent

    Rights and restrictions:

    • Private rights of way: Ask agent
    • Public rights of way: Ask agent
    • Listed property: Ask agent
    • Restrictions: Ask agent

    Risks:

    • Flooded in last 5 years: Ask agent
    • Flood defences: Ask agent
    • Source of flood: Ask agent

Energy Performance Certificate

EPC
  • Property responsive
    Market Place, Derby, Derbyshire, DE1 1 flat
    £
    £
    £
    Years
    %
    * Estimated monthly repayment: £...

    *Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable. If you would like guidance on the right mortgage for you, we recommend speaking to a Countrywide Mortgage Services Consultant who will be more than happy to help.

    The 4.7% annual interest rate is based on the Connells Group average mortgage interest rate taken from the period of 01/01/2024 – 31/12/2024 and is correct as at 13/02/2025.

Agent details

Derby

    41 Cornmarket
    Derby
    Derbyshire
    DE1 2DG
Phone Icon Icon set Phone 01332916021

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Countrywide Mortgage Services and Countrywide Insurance Services are trading names of Countrywide Principal Services Ltd which is authorised and regulated by the Financial Conduct Authority (Firm Registration Number 301684). Registered Office: Countrywide House, 6 Caldecotte Lake Business Park, Caldecotte Lake Drive, Milton Keynes, MK7 8JT. Registered in England no. 01707341.