Derby, Derbyshire · DE1
Mount Street
Guide Price · Originally listed at £375,000
** ATTENTION DEVELOPERS / INVESTORS / BUILDERS ** AUCTION IS NOW LIVE - PRICE ADJUSTMENT **
A fantastic development opportunity in Derby’s City Centre to be sold by Modern Method of Auction. The site, which is approximately 0.2 acres in total comprises the former plots for 45 and 47 Mount Street and an adjacent block of garages, which have all been demolished. There was FULL PLANNING CONSENT (REF 03/14/00427) granted in 2016 for the construction of 3-Storey mixed residential and commercial unit with parking
The home, in the agent’s words
- Central Location
- Investment / Development Opportunity
- FULL PLANNING PERMISSION GRANTED MAY 2025
- Mixed Commercial and Residential Development
- Modern Method of Auction - NOW LIVE
- 18 Studio Apartments + 2 One-bed Room Flats
- 10 Parking Spaces / Car Park
- Large Commercial / Retail Unit with Parking
- Close to town centre
- FREEHOLD
Read the full agent description
** ATTENTION DEVELOPERS / INVESTORS / BUILDERS ** AUCTION IS NOW LIVE - PRICE ADJUSTMENT **
A fantastic development opportunity in Derby’s City Centre to be sold by Modern Method of Auction. The site, which is approximately 0.2 acres in total comprises the former plots for 45 and 47 Mount Street and an adjacent block of garages, which have all been demolished. There was FULL PLANNING CONSENT (REF: 03/14/00427) granted in 2016 for the construction of 3-Storey mixed residential and commercial unit with parking space for 10 cars.
The retail unit is on the ground floor and the accommodation is on the 1st and 2nd floors.
On the first floor there is permission for 2 one-bedroom flats and 10 studio apartments. On the second floor there will be a further 8 studio apartments.
The commercial unit is 251m2 and has designated staff parking area and cycle store.
1-bedroom flats are around 34m2 each and the studio apartments are each approx 30m2 in size.
The Gross Developmental Value (GDV) for the complete unit is estimated at around £2.4-2.5 million.
The studio apartments will easily sell for £100-110k and the flats around £120-140k.
The finished retail unit should fetch around £300-400k.
The rental yields for this development are substantial. We would expect the retail unit to fetch £2500 PCM.
The 1-bed flats would rent for £650 PCM and the studio apartments would be let out for £600 PCM.
The combined annual rental income would come to around £175k
FULL PLANNING PERMISSION IN PLACE
The approved plans are available online at the Derby Planning Portal (REF 24/00914/FUL).
Mount Street is in a prime location given its close proximity to the city centre, University and transport links.
Investors and developers you do not want to miss on this fabulous opportunity.
Call 24/7 to request more details
Visit iamsold website (link below) for a buyers pack
https://www.iamsold.co.uk/property/9b45d6f966024ac18e475763fcb5d8da/
Auctioneer Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional
A feel for the area
Connected for everyday life
100%of homes in the postcode can access 100+ Mbps broadband.
Available speed bands
- 30+ Mbps
- 100%
- 100+ Mbps
- 100%
- 300+ Mbps
- 100%
- 1,000+ Mbps
- 100%
Getting about
0.7 milesto Derby Rail Station
Approximate straight-line distance · DfT NaPTAN · 13 Sept 2026Background air quality
- Fine particles · PM₂.₅
- 8.2 µg/m³ · Above the WHO guideline · well within the UK legal limit
- Nitrogen dioxide · NO₂
- 16.3 µg/m³ · Above the WHO guideline · well within the UK legal limit
Annual background levels. For scale: the WHO 2021 guideline is 5 µg/m³ for PM₂.₅ and 10 for NO₂; the UK legal limit is 20 and 40. Lower is better; this is a 1 km model, not a reading at the door.
Defra · 2024 annual model · 1 km areaLocal information is approximate. Distances are straight-line estimates from the available location. Broadband describes postcode coverage, not the speed or service available at this home; check the address with a provider. Air quality is a modelled annual background estimate.
Picture your everyday
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The information provided in this listing is for general information purposes only and does not constitute property particulars. We make no warranties or guarantees, express or implied, regarding the accuracy, completeness, or availability of the information.
Property details are provided by the listing agent, developer, or other third parties, and we have no control over the content provided. Prospective buyers or tenants should make their own enquiries and verify all information directly with the agent or relevant party.
Information relating to Energy Performance Certificates, Home Reports, or other statutory documents should be obtained directly from the selling agent or developer where applicable.