1/7

2 bed flat for sale Panama Circle, Derby, DE24

Asking price

£110,000

Reduced on 04/10/2026

Type: Flat
Bedrooms: 2
Bathrooms: 2
Size: £160 per sq ft
Tenure: Ask agent

Council tax Band B £1,794 a year

Key features

Two double bedrooms
Master bedroom with en-suite shower room
Spacious Lounge
Separate fitted kitchen
Allocated parking space
Secure telecom entry system

About this property

A spacious and well-presented two double bedroom apartment, located within the highly sought-after City Point development on Panama Circle. This property is ideal for first-time buyers or investors.

The property opens into a welcoming entrance hallway leading through to a bright and spacious lounge. The lounge is complemented by a separate fitted kitchen, offering ample storage and workspace.

Floorplan

Council tax

Band B £1,794 a year

Per year

Band A

£1,537
Band B

This home: £1,794
Band C

£2,050
Band D

£2,306
Band E

£2,818
Band F

£3,331
Band G

£3,843
Band H

£4,612

This home is in band B, which costs £1,794 a year in Derby for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Derby, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

96 comparables · within 2.8 miles

Cheaper than 59% of the 2-bed flats for sale nearby right now.

This home, £110,000 Median £117,500 · £87,500 – £180,000

Per square foot

£160 12% under

2-bed flats nearby £181

Against sold prices

36% under

DE24 sold median £251 / sq ft, 1,384 sales

Compared with 96 2-bed flats for sale within 2.8 miles, on the market now or already under offer. The range is the middle 80% of their asking prices. Sold prices are HM Land Registry sales in DE24 over the last 24 months, per square foot of EPC floor area. All sold £/sq ft in DE24 →

Location

Panama Circle, Derby, DE24

Open map Street View

Mortgage and stamp duty

Property price £110,000

£55k £165k

Deposit10% £11,000

£0 £110k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £99,000 mortgage. Most lenders would want a household income of about £22,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
65, Panama Circle Flat / maisonette	Flat / maisonette	Jul 2026	678 sq ft £174/sq ft	678 sq ft	£174	£118,000
62, Panama Circle Flat / maisonette	Flat / maisonette	Feb 2026	893 sq ft £132/sq ft	893 sq ft	£132	£118,000
46, Panama Circle Flat / maisonette	Flat / maisonette	Dec 2025	517 sq ft £209/sq ft	517 sq ft	£209	£108,000
22, Panama Circle Terraced	Terraced	Sept 2025	689 sq ft £269/sq ft	689 sq ft	£269	£185,000
73, Panama Circle Flat / maisonette	Flat / maisonette	Feb 2025	646 sq ft £181/sq ft	646 sq ft	£181	£117,000
16, Panama Circle Terraced	Terraced	Nov 2024	1,518 sq ft £175/sq ft	1,518 sq ft	£175	£265,000
56, Panama Circle Flat / maisonette	Flat / maisonette	Nov 2024	721 sq ft £164/sq ft	721 sq ft	£164	£118,500
60, Panama Circle Terraced	Terraced	Nov 2024	689 sq ft £163/sq ft	689 sq ft	£163	£112,000