2-bedroom flat · DE23 8FQ
For saleListed 108 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
INVESTMENT OPPORTUNITY - CURRENTLY LET AT £850 PCM. This is an excellent opportunity to acquire a second floor, two bedroom apartment, ideal as an investment purchase or first time buy.
Set within a secure gated environment the property features a secure communal entrance hall with staircase and lift to upper floors, entrance door to hallway, spacious open plan kitchen/lounge/dining room with good size lounge/dining area, kitchen and balcony.
There are also two bedrooms and a bathroom. Outside, there is an allocated parking space.
The Location - The property’s location is close to the centre of Derby and this offers excellent access to a full range of amenities.
Accommodation - Communal Entrance Hall - A secure communal entrance hall with staircase and lifts to upper floors provides access to front door.
Entrance Hall - 4.88 x 1.06 (16'0" x 3'5") - Having an electric heater, useful storage cupboard housing the hot water sender and entry phone intercom system.
Open Plan Living Space - 7.02 x 5.03 (23'0" x 16'6") - Lounge/Dining Area - With two electric heaters, recessed ceiling spotlighting, double glazed window to front and sliding patio door to balcony.
Kitchen Area - Comprising granite effect worktops with tiled surrounds, inset stainless steel sink unit with mixer tap, fitted base cupboards and drawers, complementary wall mounted cupboards, inset four plate electric hob with built-in oven beneath and extractor hood over, appliance space suitable for fridge freezer and integrated dishwasher and washing machine.
Bedroom One - 3.38 x 3.37 (11'1" x 11'0") - With electric heater, fitted wardrobes, desk, recessed spotlighting and double glazed window to rear.
Bedroom Two - 3.34 x 2.22 (10'11" x 7'3") - Having an electric heater and double glazed window to rear.
Bathroom - 2.02 x 1.84 (6'7" x 6'0") - Fully tiled with a white suite comprising low flush WC, vanity unit with wash handbasin, bath with shower, electric heather and recessed ceiling spotlighting.
Outside - The property is set within a secure gated environment and benefits from an allocated parking space.
Council Tax Band B - Tenure - Please note, we have been informed by the vendor that there is an annual service charge of £1,533.31 and an annual ground rent charge of £75.00.
Should you proceed with the purchase of this property this must be verified by your solicitor. Please Note: - The photographs included in the brochure were taken in 2025.
This is due to the property currently being tenanted.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Park Gate, Reginald Street, Derby
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