Iron Gate, Derby
AS

Iron Gate, Derby

By Ashley Adams

£ 70,000

Reviews

2 out of 5 stars

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 %
from 201,530.00 £
Average area rental value
906.00 £/mo
Increased by 1.12 %
from 896.00 £/mo
Est rental Yield
4.50 %
Decreased by 15.73 %
from 5.34 %
Crime Rate
16.00 %
Unchanged by 0.00 %
from 16.00 %

Agent Activity

  • Ashley Adams created the listing.

Nearby Schools

NameTypeOfstedDistance
Landau Forte CollegeAcademy Sponsor LedOutstanding0.65 KM
St Mary'S Catholic Voluntary AcademyAcademy Converter0.82 KM
Central Community Nursery SchoolLocal Authority Nursery SchoolGood0.92 KM
Becket Children'S CentreChildren's Centre0.96 KM
West End Children'S CentreChildren's Centre1.00 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Sowter Road £ 170,00000.00 KM
Sadlergate Bridge £ 000.00 KM
Riverside Path £ 115,00000.00 KM
Albert Street £ 000.00 KM
Exchange Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Derby1823DBY1.79 KM
Peartree1687PEA3.02 KM
Duffield1691DFI7.26 KM
Spondon1699SPO7.49 KM

Nearby Listings

AddressPriceTypeScoreDistance
Iron Gate, Derby £ 70,000BUY5 / 100.00 KM
6 self-contained studios £ 325,000BUY5 / 100.00 KM
Iron Gate Studios, Derby, Derbyshire, DE1 £ 330,000BUY5 / 100.00 KM
Iron Gate, Derby £ 65,000BUY5 / 100.01 KM
Iron Gate, Derby City Centre £ 65,000BUY5 / 100.01 KM

Nearby Properties

AddressPriceDistance
36 Sadler Gate £ 20,0000.20 KM
57 Green Lane £ 246,0000.33 KM
25 Macklin Street £ 45,0000.41 KM
33 Macklin Street £ 125,0000.42 KM
43 Macklin Street £ 71,0000.42 KM