Get ‘on track’ and bid on Derby railway apartment

An apartment just yards from Derby train station is one of an impressive choice of more than 60 lots in SDL Auctions Graham Penny’s last auction of the year on 15 December.

Apartment 10 in Amber House, Railway Terrace is a well-appointed studio apartment capable of producing rent of £5,400 a year, and has a *guide price of £46,000+.

The property is close to Derby city centre and has an allocated parking space in a communal area next to the driveway, located behind decorative wrought-iron electronic gates.

Robert Stone, senior valuer at SDL Auctions Graham Penny, said: “This studio apartment boasts a wealth of character and charm throughout, with a refitted kitchen and a thoughtfully designed, spacious en suite shower room.

“The property was previously let for £450 per calendar month, including electricity, and so could make either an excellent investment opportunity or an ideal first home.”

Also going under the hammer is a part-let, part-vacant property in Ilkeston converted into three self-contained, one bedroomed flats and a separate studio flat.

Larger properties in the auction include a late Victorian semi-detached house at 177 Uttoxeter New Road in the fashionable Friar Gate area of Derby, converted into three, one bedroomed self-contained flats and a studio flat arranged over three floors.

This lot has a potential combined rental income of up to £18,000 per annum when fully let, and has a guide price of £130,000+.