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2 bed flat for sale Somerset Close, Derby, DE22

Asking price

£150,000

Added yesterday

Type: Flat
Bedrooms: 2
Bathrooms: 1
Tenure: Ask agent

Council tax Band B £1,794 a year

Key features

Two double bedrooms
Open plan kitchen/Living space
Allocated parking
Excellent location

About this property

Situated within the popular Manor Kingsway development, this superb second-floor apartment offers spacious, modern living and presents an excellent opportunity for investors, first-time buyers and downsizers alike. An attractive investment opportunity, with an asking price of £150,000 and rental income of £892 per calendar month, equating to an approximate gross rental yield of 7.1% per annum.

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

100 comparables · within 2.8 miles

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

This home, £150,000 Median £120,000 · £89,500 – £195,000

Compared with 100 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.

Location

Somerset Close, Derby, DE22

Open map Street View

Mortgage and stamp duty

Property price £150,000

£75k £225k

Deposit10% £15,000

£0 £150k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £135,000 mortgage. Most lenders would want a household income of about £30,000 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
Apartment 15, Lancaster House, Somerset Close Flat / maisonette	Flat / maisonette	Apr 2026	710 sq ft £201/sq ft	710 sq ft	£201	£143,000
Apartment 12, Lancaster House, Somerset Close Flat / maisonette	Flat / maisonette	Feb 2026	710 sq ft £204/sq ft	710 sq ft	£204	£145,000
Apartment 10, Lancaster House, Somerset Close Flat / maisonette	Flat / maisonette	Oct 2025	710 sq ft £211/sq ft	710 sq ft	£211	£150,000
Apartment 3, Lancaster House, Somerset Close Flat / maisonette	Flat / maisonette	Aug 2024	689 sq ft £212/sq ft	689 sq ft	£212	£146,000
Apartment 17, Lancaster House, Somerset Close Flat / maisonette	Flat / maisonette	Jul 2023	667 sq ft £255/sq ft	667 sq ft	£255	£170,000
Apartment 5, Lancaster House, Somerset Close Flat / maisonette	Flat / maisonette	Nov 2022	710 sq ft £201/sq ft	710 sq ft	£201	£143,000
Apartment 11, Lancaster House, Somerset Close Flat / maisonette	Flat / maisonette	Jul 2022	700 sq ft £198/sq ft	700 sq ft	£198	£138,500
Apartment 8, Lancaster House, Somerset Close Flat / maisonette	Flat / maisonette	Jun 2022	710 sq ft £169/sq ft	710 sq ft	£169	£120,000