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See how verdicts work2-bedroom flat · DE24 1AJ
For saleListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideal for First Time Buyers and No Upward Chain This beautifully presented and well maintained, two bedroom top floor apartment with allocated car parking to the rear, light and airy living space and an additional dining/home office area.
This modern apartment is set in the popular City Point development, convenient for links to the M1/A50/A52 whilst also being only a short walk from Derby City centre, Derby train station and the Wyvern Retail Park.
Benefiting from UPVC double glazing throughout and electric heating, the accommodation briefly consists; entrance hallway, living room leading through to a separate dining area which alternatively would be ideal for a office space for someone working from home.
The kitchen is modern and spacious with room for a small breakfast table, along with two double bedrooms, the master with en-suite and the family bathroom.
Located on the Second (top) floor of a private apartment block and having secure communal entrances controlled by security intercom and an allocated parking space in a car park to the rear.
City Point is located on the outskirts of Pride Park and is ideally located for access into the City Centre, Derby Railway Station, Alvaston Park with its lovely walks and excellent road and bus links in and out of the city.
Living Room 14'9" x 11'4" (4.5m x 3.5m) Dining Room 14'10" x 6'11" (4.5m x 2.1m) Kitchen 13'11" x 10'11" (4.2m x 3.3m) Bedroom 1 12'11" x 9'6" (3.9m x 2.9m) Ensuite 6'8" x 3'3" (2.0m x 1.0m) Bedroom 2 13'0" x 7'11" (4.0m x 2.4m) Bathroom 6'8" x 5'7" (2.0m x 1.7m) Service Charge and Ground Rent Service charge £160 per month and the Ground Rent is £157 every 6 months Buyer Information: 1.
Anti-Money Laundering (AML) Regulations: We are legally required to verify all purchasers. The cost is £24 (inc VAT) per person. 2.
General: These sales particulars are intended as a general guide only. If any detail is especially important, please contact us—particularly if you’re travelling a long distance to view. 3.
Measurements: All measurements are approximate and provided for guidance only. 4. Services: Services, equipment, and appliances have not been tested.
Buyers should arrange their own surveys or inspections. 5. These details are given in good faith but do not form part of any offer or contract. Information should be independently verified.
Hannells Limited and its employees or agents are not authorised to make representations or warranties regarding the property.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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.
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