Just added

From

£228,950

2 bed flat for sale
Plot 14 Riverside Apartments, Derby DE1

    • 2 beds

    • 2 baths

    • 1 reception

  • New home
  • Chain free
  • Leasehold

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CityRise

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About this property

  • 5.6% projected gross yield, above the Derby average

  • £1,075 pcm projected rent for a two-bath apartment

  • Guide price £228,950, chain free

  • Two double bedrooms with two bathrooms, sharer ready

  • En-suite layout commands a rental premium

  • Co-working space, cinema room and secure bike store

  • Leasehold, buy-to-let mortgage friendly

  • £300m+ of city-centre regeneration underway nearby

  • Short walk to Derbion and Derby Midland station

The strongest letting configuration in the building: A two-bedroom, two-bathroom apartment at Riverside Apartments, a contemporary development on the River Derwent in Derby's Cathedral Quarter. Two double bedrooms served by two bathrooms is exactly what professional sharers want, and that layout reliably earns more per month than a single-bathroom equivalent. Residents share an on-site co-working space, a private cinema room and a secure bike store. With Derbion, the Cathedral Quarter and Derby Midland station all a short walk away, this is a unit built to attract quality tenants and hold them.
Investment


Derby remains one of the East Midlands' most dependable buy-to-let markets, and DE1 is at its heart. Prices sit well below the England average, so the buy-in stays affordable while rents push higher against a chronic shortage of central stock. Around 20,000 households across Derbyshire are on housing waiting lists, and two-bath sharer apartments are among the quickest to let and most resilient on rent. Rolls-Royce employs roughly 12,000 people in the city within a wider advanced-manufacturing and rail-engineering base, and the University of Derby keeps a steady graduate and professional pipeline flowing. The £200m Becketwell scheme with its Vaillant Live arena and the £100m Castleward Urban Village are reshaping the area around this postcode.
Why invest


£228,950 guide price for the building's best-yielding layout. Projected rent of £1,075 pcm gives a gross yield of 5.6%, ahead of the Derby apartment average of about 4.5–5%, the second bathroom lifting rent and tenant appeal. Add roughly 20 renters per unit, more than £300m of regeneration nearby, and a jll forecast of UK rents up 17% by 2029. Chain free. Early enquiries advised.

All figures are illustrative and based on comparable local market data. Rental income and yields are projections and not guaranteed.

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More information

  • Tenure

    Leasehold (999 years)

  • Service charge

    £2,032 per year

  • Council tax band

  • Ground rent

  • Ground rent date of next review

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Property descriptions and related information displayed on this page are marketing materials provided by - CityRise. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact CityRise for full details and further information.