Apartment 3 Studios 37-38, Derby
Apartment 3 Studios 37-38, Derby
Description & Estimates
Public records show Apartment 3 Studios 37-38, Derby to be a modern leasehold apartment with 161 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
Apartment 3 Studios 37-38, Derby has an estimated sale value of £68,076 and an estimated rental value of £437 per month, assuming reasonable condition and based on the information available.
The apartment sits within Iron Gate Studios, Iron Gate, Derby, DE1.
Iron Gate, Derby, DE1 lies within the DE1 postal district.
Our Data Sources
Apartment 3 Studios 37-38, Derby has a single entry in the Land Registry from October 2019 and a single entry in the EPC database dated June 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate Apartment 3 Studios 37-38, Derby would be worth £71,480, with a potential rental value of £459 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £63,311, with a rental value of £406 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Apartment 3 Studios 37-38, Derby has fallen by £30 (0.0%) over the last year. During the same period, its estimated monthly rental value has moved up by £10 (2.4%). The property's estimated gross yield is currently 7.7%.
Energy Efficiency
Apartment 3 Studios 37-38, Derby has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Jun 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
Apartment 3 Studios 37-38, Derby last changed hands on 4th October 2019, selling for £63,500. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 32.0% since October 2019.
- Sold Oct 2019£63,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 2 sales of comparable properties within 440 metres of Apartment 3 Studios 37-38, Derby across the last 2 years.
Most recently, Apartment 6, Iron Gate Studios 37-38, Iron Gate, Derby, DE1 3GA, a leasehold flat, sold at £67,750 on the 24th January 2020.
Read more about house prices in DE1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Apartment 3 Studios 37-38, Derby as the 25th largest and the 25th most expensive of the 25 addresses on Iron Gate, Derby, DE1.
Against the DE1 postcode district average, it is £88k less expensive than the typical property.
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Schools Nearby
- 800mBecket Primary School
- 1.0kmCastleward Spencer Academy
- 1.1kmSt James' Church of England Aided Infant School
- 500mLandau Forte College
- 1.0kmDerby Cathedral School
- 1.7kmUTC Derby Pride Park
More reading links
Public Transport Nearby
Derby station is the nearest stop to Apartment 3 Studios 37-38, Derby at 1.3 kilometres away.
- 1.3kmDerby
- 2.9kmPeartree
- 4.7kmSpondon
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
