21-23 Friar Gate, Derby, Derbyshire, DE1 1BX
OM

21-23 Friar Gate, Derby, Derbyshire, DE1 1BX

By OMEETO LTD

£ 1,050,000

Reviews

2 out of 5 stars

OMEETO LTD says ..

Highly prominent mixed use investment. Producing £123,220 p.a. (c£100,000 after costs). Popular Irish Pub with live music tenanted to 2038 with fixed increase to £55,000 p.a. in 2029 and a further Index Linked review in 2034. + 7 residential Lets fully refurbished in 2021. Comprising 2x apartmen...

Property Oracle says ..

This property is a block of apartments located on Friar Gate in Derby. The location is central and convenient, close to the University of Derby and various amenities. The apartments themselves appear to be in good condition, with modern kitchens and bathrooms. However, the exterior of the building is somewhat dated. The asking price of £1,050,000 seems high compared to average property prices in the area, but this is a block of apartments, and the price reflects the potential rental income. The property would likely appeal to investors looking for rental income from student accommodation.

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
0

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
336,500.00 £
Increased by 36.08 %
from 247,276.00 £
Average area rental value
843.00 £/mo
Increased by 29.29 %
from 652.00 £/mo
Est rental Yield
3.01 %
Decreased by 4.75 %
from 3.16 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • OMEETO LTD created the listing.

Nearby Schools

NameTypeOfstedDistance
Central Community Nursery SchoolLocal Authority Nursery SchoolGood0.43 KM
Kingsmead SchoolCommunity Special SchoolGood0.44 KM
The Kingsmead SchoolPupil Referral UnitGood0.44 KM
West End Children'S CentreChildren's Centre0.45 KM
Becket Primary SchoolCommunity SchoolGood0.65 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Friar Gate £ 000.00 KM
Short Street £ 000.00 KM
Cavendish Court £ 000.00 KM
Coburn Place £ 000.00 KM
Sadlergate Bridge £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Derby1823DBY2.42 KM
Peartree1687PEA3.20 KM
Duffield1691DFI7.20 KM
Spondon1699SPO8.16 KM

Nearby Listings

AddressPriceTypeScoreDistance
21-23 Friar Gate, Derby, Derbyshire, DE1 1BX £ 1,050,000BUY5 / 100.00 KM
Friar Gate, Derby, Derbyshire, DE1 £ 80,000BUYUnknown0.06 KM
Friar Gate, Derby £ 3,100,000BUY4 / 100.08 KM
Friar Gate, Derby £ 330,000BUYUnknown0.08 KM
Friar Gate, Derby £ 360,000BUY4 / 100.08 KM

Nearby Properties

AddressPriceDistance
47 Ford Street £ 189,9500.07 KM
12 Stafford Street £ 162,5920.12 KM
15a Friar Gate £ 220,0000.15 KM
61 Stafford Street £ 80,5000.22 KM
29 Stafford Street £ 139,9500.22 KM