Gower Street

Derby

21apartment
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Price:£60,000
Property EPC Chart

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By submitting this form, you acknowledge that your data will be processed by Connells Residential for the purposes of providing the service and/or product you have requested. Personal data will be processed in accordance with the Data Protection Act 2018 and all other applicable data protection law and regulation. Full details of how we may process your data can be found in our Privacy Notice.

Property details

Key features

  • Fourth-floor apartment
  • Two bedrooms plus a modern bathroom
  • Open-plan living area with integrated kitchen
  • Prime Derby City Centre location
  • Sold with tenants in situ
  • Council Tax Band: B
  • LET AT £780 PCM
  • ** CASH BUYERS ONLY **

Council Tax Band:

B

Tenure:

Leasehold

Ground Rent:

Contact Branch

Ground Rent Review Period:

Contact Branch

Annual Service Charge:

Contact Branch

Length of Lease:

240 years

Being sold with tenants in situ, this well-located two-bedroom apartment sits on the fourth floor and enjoys a prime position in the heart of Derby City Centre. Access is via a secure communal entrance, with both lifts and stairs available to reach the upper floors. Inside, an entrance hallway leads to a spacious open-plan lounge, dining area and kitchen, along with two generously sized bedrooms and a bathroom. Thanks to its central setting and strong rental appeal, the property represents an excellent investment opportunity with the potential for an attractive yield.
Prosperity House occupies a superb spot within Derby City Centre, surrounded by a wide range of amenities including shops, bars and restaurants. The location also benefits from excellent transport connections, with the bus and railway stations just a short distance away and easy access to major road networks leading out of the city.

Note:
Lease remaining 241 years - 250 years from Dec 2016
Service Charge: £4200 pa
Ground Rent: £250 pa
Rental Income: £9540 pa * approx

Utilities, rights & restrictions

Utility Supply:

  • ElectricityContact branch
  • WaterContact branch
  • HeatingContact branch
  • BroadbandContact branch
  • SewerageContact branch

Rights & Restrictions:

  • Private rights of wayContact branch
  • Public rights of wayContact branch
  • Listed propertyContact branch
  • RestrictionsContact branch

Risks:

  • Flooded in last 5 yearsContact branch
  • Flood defencesContact branch
  • Source of floodContact branch

Guidance Notes

While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.

(1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. (2) These particulars do not constitute part or all of an offer or contract. (3) The measurements indicated are supplied for guidance only and as such must be considered incorrect. (4) Potential buyers are advised to recheck the measurements before committing to any expense. (5) We have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. (6) We have not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Mortgage Calculator

Our handy mortgage calculator helps you to estimate what your monthly repayments could be. * Terms and conditions apply. Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable. If you would like guidance on the right mortgage for you, we recommend booking a mortgage appointment and speak to one of our mortgage consultants who will be more than happy to help. ** The 4.7% annual interest rate is based on the Connells Group average mortgage interest rate taken from the period of 01/01/2024 – 31/12/2024 and is correct as at 13/02/2025. Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.

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By submitting this form, you acknowledge that your data will be processed by Connells Residential for the purposes of providing the service and/or product you have requested. Personal data will be processed in accordance with the Data Protection Act 2018 and all other applicable data protection law and regulation. Full details of how we may process your data can be found in our Privacy Notice.

*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE. LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP. **The 4.56% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 09/09/2025.

Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.