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Studio for sale

£67,500

Friar Gate, Derby DE1

Interested in this property? Call 01332 229096 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Studio apartment
  • City centre location
  • Allocated parking
  • Ideal buy to let/ investment
  • Incentives on offer
  • No upward chain
  • New phase now released

Property description


Summary
first phase sold out! Phase two launching - call now! Fantastic Newly Converted City Centre studio apartment with allocated parking, integrated appliances, Ideal buy to let or city centre living. Open day 25th March 10.00A.M. To 12.00P.M.

Description
Ideal buy to let or first time purchase! Newly converted studio apartment with integrated appliances, carpets and flooring included and allocated parking! Open day 25th March 10.00A.M. To 12.00P.M.

The Development
Heritage gate is ideally located centrally on Friar Gate within The Cathedral Quarters - the most sought after area of Derby City Centre offering an array of bars restaurants, shops and other amenities as well as being a few minutes from the excellent leisure facilities of Pride Park and walking distance to the University of Derby and Law society.

The Apartments
This studio apartment benefits from allocated parking space and offers a high quality standard of accommodation including open plan Kitchen / Living room with modern high gloss kitchens with integrated appliances and vinyl flooring, Opening to Bedroom with fitted carpet and separate bathroom.

Kitchen / Living Area
Entrance door into Kitchen / Living open plan space with kitchen area comprising of fitted wall and base units with gloss doors and wood effect rolled top work surface, stainless steel sink drainer with mixer tap over, Integrated washing machine, fridge, freezer, oven and hob with stainless steel extractor hood over. Vinyl flooring to Kitchen area and carpet to Living space. Double glazed window. Opening to Bedroom Area.

Bedroom Area
Double glazed window.

Bathroom
Fitted with a white suite comprising of wc, wash hand basin and shower enclosed with fitted shower.
Tiled walls.

The Location
Derby - a City known for its central location with easy access to motorways and major road links is home to the head offices of Rolls Royce, Toyota and other major plc's. Its position means London, Birmingham and other cities are all easily accessible by rail or road and Nottingham is just a 20 minute drive away, not only is Derby a vibrant city in itself with its large 'intu' shopping centre and Streets of Independent Shops and Bars it also falls within minutes drives of the rolling hills and Countryside of the peak district, Derbyshire Dales and National Parks. Also within close proximity is Keddleston Hall and Breadsall Priory one being steeped in History and protected by the National Trust and the other offers 400 acres of grounds, spa and golf facilities.

Additional Information
250 year lease. Service charge & insurance £686.00 per annum.
Ground rent £250.00 per annum.
Allocated Parking Provided

Images
Images used are an example of a view apartment within the development or represent the area surrounding the development.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Property info

Market activity
Average price paid £139,558 Sales 200 Current average value £154,353 (Zoopla Zed-Index) Value change £4,172 ▲ 2.78%

Property value data/graphs for DE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £297,713 £177 3.9 £219,600
Semi-detached £172,463 £170 3.1 £158,245
Terraced £155,302 £174 2.8 £143,545
Flats £130,945 £190 1.8 £128,270

Current asking prices in DE1

Average: £132,765
Avg. current asking prices in DE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £97,475
(2)
£117,414
(14)
£228,271
(7)
£200,633
(3)
£249,950
(1)
Flats £90,112
(16)
£118,493
(50)
£145,000
(1)
- -
All £90,930
(18)
£118,257
(64)
£217,862
(8)
£200,633
(3)
£249,950
(1)

Current asking rents in DE1

Average: £639 pcm
Avg. current asking prices in DE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £365 pcm
(22)
£581 pcm
(12)
£756 pcm
(4)
£846 pcm
(22)
£911 pcm
(9)
Flats £412 pcm
(45)
£631 pcm
(46)
- - -
All £396 pcm
(67)
£621 pcm
(58)
£756 pcm
(4)
£846 pcm
(22)
£911 pcm
(9)

Fun facts for DE1

Highest value in DE1
Highest value streets Zed-Index
Belper Road £394,376
North Parade £282,682
Charnwood Street £280,113
Milford Street £263,400
Friar Gate £260,782
Highest turnover in DE1
Highest turnover streets Turnover
Milford Street 60.0%
St. Pauls Road 42.3%
Mill Street 32.1%
Kingston Street 32.1%
Brookbridge Court 30.6%

What Zoopla users think of Derby

Overall rating:

  • currently 4 stars
Very good - 78% (127 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Derby:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Derby (1.0 mile)
  • Peartree (1.8 miles)
  • Spondon (3.1 miles)
  • East Midlands Airport (9.1 miles)
  • Birmingham International Airport (34.3 miles)
  • Coventry Airport (38.3 miles)
  • Liverpool Pier Head Ferry Terminal (71.1 miles)
  • Liverpool Isle of Man & Dublin Terminal (71.2 miles)
  • Woodside Birkenhead Ferry Terminal (71.2 miles)

Nearby schools

View all schools in Derby
  • Becket Primary School (0.4 miles)
  • Emmanuel School (0.5 miles)
  • Ashgate Primary School (0.6 miles)
  • Derby College (1.1 miles)
  • Derby Manufacturing UTC (1.3 miles)
  • The Millennium Centre (2.3 miles)
  • The Kingsmead School (0.3 miles)
  • Central Community Nursery School (0.3 miles)
  • Ashgate Nursery School (0.5 miles)
Note: Distances are straight line measurements

Local info for Derby

AskMe Q&A for Derby

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For more information about this property, please contact
Bagshaws Residential, DE1 on 01332 229096 * (local rate)

Monthly running costs Beta

£396 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,750
Repayment term 25
Interest rate 0.5
Your payment £215 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £23/mo (£279/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £19 Electricity £23 Estimated energy cost £42/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5900 kWh/year
Electricity: 1700 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Derby

Estimated tax band A Council tax cost £96 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £11 Sewerage £9 Estimated water cost £20 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Bagshaws Residential about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bagshaws Residential, and do not constitute property particulars. Please contact Bagshaws Residential for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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