2 bed flat for sale

Brook Street, Derby, Derbyshire DE1

Shared Ownership

This superb modern home is available to buy from as little as £60,000 with a 50% share!

Located on Brook Street in the sought-after DE1 area, this beautifully presented second-floor apartment offers modern living within easy reach of Derby city centre. With a contemporary open-plan layout and generous proportions throughout, it’s perfect for first-time buyers, professionals, or investors looking for a well-connected home.
The property features a spacious kitchen and reception area, creating a bright and sociable space ideal for entertaining or relaxing. The modern kitchen comes equipped with integrated appliances and ample storage, blending style and functionality.
There are two well-proportioned bedrooms, both designed to offer comfort and versatility - ideal for use as a main bedroom, guest room, or home office. The bathroom includes a full suite with a bath and shower over.

The property is located a short walk away from the City centre, offering easy access to a full range of amenities, including comprehensive shopping facilities along the Cornmarket and shopping centre with its major retail outlets and cinema. For those who appreciate charming period architecture, Sadler Gate and Irongate are both worthy of a visit, boasting a selection of boutique style outlets, together with a selection of café bars and public houses. Green spaces and leisure facilities are also within close reach, offering opportunities for relaxation and recreation. The area is well-served by healthcare centres, gyms, and reputable schools, ensuring all essential services are close at hand.
Transport links are excellent, with regular bus routes and train connections providing quick and convenient access to the city centre and surrounding areas. Major road networks, including the A38, A52, and M1, are easily accessible, making commuting simple for those who travel by car. Whether you work locally or further afield, this location combines comfort, convenience, and connectivity in one desirable package.
Pricing & affordability


Full Market Value: £120,000

50% Share Price: £60,000 (rent £298.37 pcm)
Minimum 5% Mortgage Deposit (50% share): £3,000
Approximate Service Charges: £196.11 pcm*
Lease: 969 years (extended on completion)
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £120,000 and a purchaser would not need to meet the eligibility criteria listed above.