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2 bed flat for sale Friar Gate, Derby, DE1

Asking price

£140,000

Added on 23/09/2026

Type: Flat
Bedrooms: 2
Tenure: Leasehold

Service charge £1,518 a yearGround rent £108 a year Council tax Band A £1,537 a year

* From the agent's description. Check it with them before you rely on it.

Highlights

From the agent's description

Allocated parking
Lift
Open-plan kitchen/diner
En-suite

About this property

Stylish two-bedroom, two-bathroom apartment in the heart of Derby city centre within the sought-after Norman House development. Offered as an ongoing investment achieving an impressive 7.45% yield, with secure parking and excellent city access.

An excellent opportunity to purchase a spacious and contemporary two-bedroom, two-bathroom apartment in the highly regarded Norman House development, right in the heart of Derby city centre. This property offers an ideal turnkey investment, currently generating a 7.45% rental yield with a monthly rent of £900, and the potential to be sold vacant with sufficient notice.

Floorplan

Council tax

Band A £1,537 a year

Per year

Band A

This home: £1,537
Band B

£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 A, which costs £1,537 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

100 comparables · within 2.5 miles

Priced above 67% of the 2-bed flats for sale nearby right now.

This home, £140,000 Median £120,000 · £85,000 – £190,500

Compared with 100 2-bed flats for sale within 2.5 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.

Location

Friar Gate, Derby, DE1

Open map Street View

Mortgage and stamp duty

Property price £140,000

£70k £210k

Deposit10% £14,000

£0 £140k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £126,000 mortgage. Most lenders would want a household income of about £28,000 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
112, Norman House, Friar Gate Flat / maisonette	Flat / maisonette	Nov 2025	840 sq ft £119/sq ft	840 sq ft	£119	£100,000
101, Norman House, Friar Gate Flat / maisonette	Flat / maisonette	Jan 2025	883 sq ft £136/sq ft	883 sq ft	£136	£120,000
110, Norman House, Friar Gate Flat / maisonette	Flat / maisonette	Jun 2024	743 sq ft £162/sq ft	743 sq ft	£162	£120,000
220, Norman House, Friar Gate Flat / maisonette	Flat / maisonette	Mar 2024	452 sq ft £152/sq ft	452 sq ft	£152	£68,500
126, Norman House, Friar Gate Flat / maisonette	Flat / maisonette	Jul 2023	743 sq ft £175/sq ft	743 sq ft	£175	£130,000
115, Norman House, Friar Gate Flat / maisonette	Flat / maisonette	Mar 2023	323 sq ft £212/sq ft	323 sq ft	£212	£68,500
104, Norman House, Friar Gate Flat / maisonette	Flat / maisonette	Jan 2023	560 sq ft £123/sq ft	560 sq ft	£123	£69,000
323, Norman House, Friar Gate Flat / maisonette	Flat / maisonette	Dec 2022	334 sq ft £225/sq ft	334 sq ft	£225	£74,950