North Parade, Derby

2 North Parade, Derby DE1 3AY
Guide Price: £575,000
Gross ROI: Approx. 9.2%

Overview
A rare and highly versatile freehold block of seven self-contained studio flats located in the heart of Derby city centre.
An exceptional opportunity for investors, developers, or owner-occupiers, offering strong rental returns and outstanding scope for redevelopment or reconfiguration.
Investment Summary

Guide Price: £575,000
Current Rent: £600 per flat, per month
Total Rent: £4,200 per month / £50,400 per annum
Gross ROI: Approx. 9.2%

Tenure: Freehold
Council Tax Band: A (each flat, subject to confirmation)

Key Features
- Seven self-contained studio flats, each with private kitchen and bathroom
- Potential to convert into one substantial residence
- Option to reconfigure layouts or separate titles (subject to consents)
- Attractive Grade II listed period terrace with original character
- Traditional brick construction with appealing façade
- On-street parking and excellent access to city amenities and transport
- Situated in a high-demand residential and student area

Location
Superbly positioned in Derby city centre, within walking distance of:
Derby Railway Station and main bus routes
Derby University and cultural quarter
City shops, bars, and restaurants
Excellent road access to A52, A38, and M1
The property sits within a sought-after location for both professionals and students, ensuring consistent rental demand and long-term investment stability.

Development & Potential
- Convert into a large single residence of distinction
- Subdivide into separate titles for resale
- Combine or reconfigure units to create one- or two-bedroom flats
- Refurbish to enhance specification and rental yield
- Value-add opportunity for investors seeking capital and income growth


Tenure: Freehold