Apartment 8 Studios 37-38, Derby
Apartment 8 Studios 37-38, Derby
Description & Estimates
Apartment 8 Studios 37-38, Derby is recorded publicly as a modern leasehold apartment across 204 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Apartment 8 Studios 37-38, Derby is £76,078 and its rental estimate is £488 per month, given the available information and assuming reasonable condition.
Iron Gate Studios, Iron Gate is a residential building on Iron Gate, Derby, DE1 and falls within the DE1 postal district.
Our Data Sources
Apartment 8 Studios 37-38, Derby has a single entry in the Land Registry from January 2020 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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Apartment 8 Studios 37-38, Derby, we estimate a market value of £79,882 and a rental value of £513 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £70,752 and £454 per month respectively.
Recent Market Change
Over the last year, Apartment 8 Studios 37-38, Derby has seen its estimated sale value move down by £33 (0.0%) and its estimated rental value increase by £11 per month (2.4%). This results in an estimated gross rental yield of 7.7%.
Energy Efficiency
Apartment 8 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
The most recent sale of Apartment 8 Studios 37-38, Derby completed on 16th January 2020 at £69,650 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 31.9% over the period since January 2020.
- Sold Jan 2020£69,650
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 8 Studios 37-38, Derby have sold within a radius of 440 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th September 2024, was Apartment 10, Iron Gate Studios 37-38, Iron Gate, Derby, DE1 3GA, a leasehold flat which sold for £30,000.
Read more about house prices in DE1.
- Sold Sep 2024£30,000 | 1 Bed FlatIron Gate Studios 37-38, Iron GateApartment 10, Iron Gate Studios 37-38, Iron Gate, Derby, DE1 3GA
- Sold Mar 2020£1,700,000 | 1 Bed FlatIron Gate25B, Iron Gate, Derby, DE1 3GL
- Sold Jan 2020£67,750 | 1 Bed FlatIron Gate Studios 37-38, Iron GateApartment 1, Iron Gate Studios 37-38, Iron Gate, Derby, DE1 3GA
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 25 addresses on Iron Gate, Derby, DE1, Apartment 8 Studios 37-38, Derby comes out as the 20th largest and the 20th most expensive in our analysis of the public data.
It is also £80k less expensive than the average property across the DE1 district.
More reading links
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
From Apartment 8 Studios 37-38, Derby, the nearest station is Derby, 1.3 kilometres away.
- 1.3kmDerby
- 2.9kmPeartree
- 4.7kmSpondon
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
