Gower Street, Derby

GUIDE PRICE £25,000 - £35,000
Located on the fourth floor of the popular Prosperity House development on Gower Street, this spacious two-bedroom apartment presents an excellent investment opportunity and is currently tenanted, generating a rental income of £800 per calendar month.
The property is accessed via a welcoming entrance hall which provides access to the main accommodation. To the right is the family bathroom, fitted with a bath, wash hand basin and WC. The bathroom also benefits from direct access from Bedroom One, creating a convenient Jack-and-Jill arrangement.
Bedroom One is a generous double room offering ample space for freestanding furniture and enjoys the added benefit of direct bathroom access. Continuing through the apartment, the heart of the home is the bright and spacious open-plan kitchen, living and dining area. Designed for modern living, this versatile space provides room to relax, dine and entertain, with the kitchen seamlessly incorporated into the layout.
A second well-proportioned double bedroom is located off the living area and benefits from a large built-in storage cupboard, providing valuable additional storage space.
Currently tenanted and producing £800 PCM, the apartment offers immediate income for investors seeking a ready-made addition to their portfolio. Prosperity House is conveniently located for access to local amenities, transport links and the city centre.
Agents Note
Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Auction Details
AUCTION DATE: TUESDAY 17TH NOVEMBER 2026
BIDDER REGISTRATION: BY 2pm MONDAY 16TH NOVEMBER 2026
WHERE TO BID: Please ensure you are registered to bid on the Barnard Marcus Auctions website.
LEGAL PACK: Download from Barnard Marcus Auctions
Auction Details
FOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS TUESDAY 17TH NOVEMBER 2026 AT 9.30AM AT THE DE VERE GRAND CONNAUGHT ROOMS, 61-65 GREAT QUEEN STREET, COVENT GARDENS, LONDON WC2B 5DA. YOU CAN ALSO REGISTER FOR ONLINE BIDDING.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendor's solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of the same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Health Safety Advice
Whilst the auctioneers make every effort to ensure the safety and security of viewers at lots, we have not carried out a detailed Health & Safety inspection of the lots in our auction and cannot therefore guarantee the safety and security of viewers. All persons attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers' risk.
Guide And Reserve Prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Note
The auctioneers offer four ways to bid including internet, telephone, proxy, and live room bidding. Prospective purchasers will need to register to bid and pay a holding deposit before the sale commences by registering at Barnard Marcus Auctions website. We do not take credit card or cash deposits. The sale of each lot is subject to a documentation charge of £1,800 (including vat) payable on the fall of the hammer.
Guidance notes are set out in the catalogue in relation to auction lots, particularly from a purchasing perspective.