Description

Flat Specifications:

Third Floor
2 Bed - 1
 Bath
549 sq ft - 51 sq m

Connectivity:

High Street / Shopping Centre - 2min walk
Derby Train Station - 14min walk
Closest Grocery Store - 3min walk
Closest Gym - 3min walk
Closest Park - 10min walk
Derby to Birmingham - 33min train
Derby to Birmingham Airport - 45min drive or train
Derby to St Pancras, Central London - 90min train


About the residence:

This central residence offers open plan living and dining space with oversized windows, ensuring maximum natural light. With hard wood veneer floors and stainless steel sockets throughout, these high grade specifications combined with custom built kitchens, integral appliances and stylish bathroom designs offer a home with style, luxury and comfort.


About the location:

A range of first-class amenities can be found within walking distance to the development, including the hugely popular Intu Shopping Mall (formerly known as Westfield Shopping Centre.) The more traditional market square and sophisticated cobbled streets of Friar Gate and Iron Gate are also just a few minutes’ walk, within the vibrant Cathedral Quarter. This occupies an eclectic mix of cafes, coffee shops and independent boutiques. Proud of its cultural diversity, the city also offers a wide array of cuisines from all over the world, served out of a selection of highly regarded restaurants and bistros.

About the city:

As England’s most central city, Derby boasts a series of high grade transport systems. Its rail network offers direct services to a number of destinations including London, Nottingham, Birmingham, Sheffield, Newcastle and Cardiff, with the addition of several mainline bus operators servicing the whole of the city and out to neighbouring areas. The development is located close to the Derby ring road allowing onward access by car to the A38, A52 and A50 trunk roads, and in turn the motorway networks. Just 10 miles away, East Midlands Airport is one of the fastest growing airports in the UK, offering over 95 direct flights worldwide.

Internationally recognized as a transport manufacturing powerhouse, Derby is home to a number of manufacturing giants including Rolls Royce - the world’s second largest aero-engine manufacturer, and Toyota’s UK manufacturing headquarters, located just south of the city.


Financials

Purchase Price £109,995
Purchase Cost: £5,594
  • Notary/SDLT £3,300
  • Structure fees £1,150
  • Payment process fees £1,144
Total Price (Amount to be raised): £115,589
£115,589 ÷ 2,312 = £50
Total Price Shares Min.

Rental Income

Typical Annual Rent (*) £8,400
Typical Gross Yield(*) 7.27%

Derby, UK

Price£115,589
Minimum Investment£50
Typical Gross Yield(*)7.27%
Typical Annual Rent(*)£8,400

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