Ashley Adams says ..
An excellent opportunity for a buy to let investor to acquire a studio apartment in the sought after Cathedral Quarter area of the city.
Property Oracle says ..
This studio apartment in Derby’s Arboretum area presents a compelling proposition for buyers, particularly those seeking a city-centre location. Its proximity to shops, restaurants, transport links, and educational institutions adds to its appeal. The apartment itself appears to be newly renovated or refurbished, boasting a modern and well-maintained interior. The images showcase a contemporary bathroom, a compact but functional kitchen and a reasonably-sized living/bedroom area, indicative of a comfortable living space. However, the lack of provided information regarding square footage and plot size hinders a precise appraisal of the value proposition. A notable drawback is the absence of a garden or outside space, which could be a deal-breaker for some prospective purchasers. Further, the comparison properties provide little help in accurate appraisal due to a lack of similar information. The listing price, while seemingly reasonable given the central location and apparent condition, might benefit from more precise valuation data to ascertain whether it aligns accurately with market values. Considering this lack of data, the property is good for a first-time buyer or investor seeking a city center location, but additional information could change this determination.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 7
- Location
- 7
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 1
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 241,538.00 £Increased by 19.85 %
- Average area rental value
- 906.00 £/moIncreased by 1.12 %
- Est rental Yield
- 4.50 %Decreased by 15.73 %
- Crime Rate
- 16.00 %Unchanged by 0.00 %
Agent Activity
Ashley Adams created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Landau Forte College | Academy Sponsor Led | Outstanding | 0.65 KM |
| St Mary'S Catholic Voluntary Academy | Academy Converter | 0.82 KM | |
| Central Community Nursery School | Local Authority Nursery School | Good | 0.92 KM |
| Becket Children'S Centre | Children's Centre | 0.96 KM | |
| West End Children'S Centre | Children's Centre | 1.00 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Sowter Road | £ 170,000 | 0 | 0.00 KM |
| Sadlergate Bridge | £ 0 | 0 | 0.00 KM |
| Riverside Path | £ 115,000 | 0 | 0.00 KM |
| Albert Street | £ 0 | 0 | 0.00 KM |
| Exchange Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Derby | 1823 | DBY | 1.79 KM |
| Peartree | 1687 | PEA | 3.02 KM |
| Duffield | 1691 | DFI | 7.26 KM |
| Spondon | 1699 | SPO | 7.49 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Iron Gate, Derby | £ 70,000 | BUY | 5 / 10 | 0.00 KM |
| 6 self-contained studios | £ 325,000 | BUY | 5 / 10 | 0.00 KM |
| Iron Gate Studios, Derby, Derbyshire, DE1 | £ 330,000 | BUY | 5 / 10 | 0.00 KM |
| Iron Gate, Derby | £ 65,000 | BUY | 5 / 10 | 0.01 KM |
| Iron Gate, Derby City Centre | £ 65,000 | BUY | 5 / 10 | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 36 Sadler Gate | £ 20,000 | 0.20 KM |
| 57 Green Lane | £ 246,000 | 0.33 KM |
| 25 Macklin Street | £ 45,000 | 0.41 KM |
| 33 Macklin Street | £ 125,000 | 0.42 KM |
| 43 Macklin Street | £ 71,000 | 0.42 KM |