1/6
£60,000
Flat · 2 beds · 1 bath · 577 sq ft
Gower Street, Derby, DE1
0.08 miles away
Leasehold
1/5
1/5
Flat for sale Iron Gate, Derby, DE1
Asking Price
£45,000
Added on 30/09/2026
Added on 30/09/2026
- Type
- Flat
- Bedrooms
- Studio
- Bathrooms
- 1
- Tenure
- Ask agent
- 243 years left(from the agent's description)
Service charge £2,020 a year(from the agent's description)Ground rent £250 a year(from the agent's description) Council tax Band A £1,537 a year
* From the agent's description. Check it with them before you rely on it.
About this property
An immaculate studio apartment in the heart of Derby City Centre, purpose built for student buy-to-let. Currently let for £500 pcm (13.3% gross yield).
Set on Iron Gate in the heart of Derby city centre, within close proximity to Derby University, convenient transport links, shops, restaurants and bars - in the middle of the hustle and bustle!
Council tax
Band A £1,537 a year
Per year
- Band AThis 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.
Location
Iron Gate, Derby, DE1
Mortgage and stamp duty
Property price £45,000
£23k £68k
Deposit11% £5,000
£0 £45k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £40,000 mortgage. Most lenders would want a household income of about £9,000 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 5, Iron Gate Studios, 37 - 38, Iron Gate Flat / maisonette · new build | Flat / maisonette · new build | Feb 2020 | 237 sq ft £294/sq ft | 237 sq ft | £294 | £69,650 |
| Apartment 10, Iron Gate Studios, 37 - 38, Iron Gate Flat / maisonette · new build | Flat / maisonette · new build | Feb 2020 | 215 sq ft £324/sq ft | 215 sq ft | £324 | £69,650 |
| Apartment 8, Iron Gate Studios, 37 - 38, Iron Gate Flat / maisonette · new build | Flat / maisonette · new build | Jan 2020 | 205 sq ft £341/sq ft | 205 sq ft | £341 | £69,650 |
| Apartment 7, Iron Gate Studios, 37 - 38, Iron Gate Flat / maisonette | Flat / maisonette | Nov 2019 | 226 sq ft £309/sq ft | 226 sq ft | £309 | £69,950 |
| Apartment 4, Iron Gate Studios, 37 - 38, Iron Gate Flat / maisonette · new build | Flat / maisonette · new build | Nov 2019 | 183 sq ft £382/sq ft | 183 sq ft | £382 | £69,950 |
| Apartment 3, Iron Gate Studios, 37 - 38, Iron Gate Flat / maisonette · new build | Flat / maisonette · new build | Oct 2019 | 161 sq ft £393/sq ft | 161 sq ft | £393 | £63,500 |
| 34, Iron Gate Detached | Detached | Jun 2001 | n/a | n/a | n/a | £340,000 |
Area insights
The neighbourhood around this property.
