2-bedroom flat · DE7 5LJ
For saleReduced £10k (−6.7%) on 21 AugListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** life on the water *** A unique opportunity to purchase this fully refurbished two bedroom ground floor apartment in the popular town of Ilkeston.
Located in a fabulous position right on the canal, peace and tranquility are outside your door, along with the convenience of the nearby town.
Features include two bedrooms, a generous lounge, and modern and stylish bathroom and kitchen. Briefly comprising; storm porch, lounge/diner, kitchen, two bedrooms, and shower room.
Outside are communal areas, along with those stunning views over the canal.
Ilkeston offers a great hub for commuters with it's own train station, along with ease of access to both Nottingham and Derby.
The town itself caters for all day to day needs including shops, supermarkets and schools. Contact Watsons to arrange a viewing. Storm Porch UPVC entrance door to the lounge diner.
Lounge Diner 6.09m x 4.37m (20' 0" x 14' 4") UPVC double glazed window to the front, ceiling spotlights, radiator and wooden doors to both bedrooms, shower room and open to the dining kitchen.
Dining Kitchen 3.54m x 2.44m (11' 7" x 8' 0") A range of matching wall & base units, work surfaces incorporating an inset composite sink & drainer unit.
Integrated appliances to include: Waist height double oven & hob with extractor over, fridge freezer, dishwasher and washing machine. Luxury vinyl flooring, ceiling spotlights and radiator.
Bedroom 1 3.92m x 3.31m (12' 10" x 10' 10") UPVC double glazed windows to the rear & side and radiator.
Bedroom 2 3.86m x 1.81m (12' 8" x 5' 11") Fitted wardrobe, ceiling spotlights, radiator and door to the rear.
Shower Room 3 piece suite in white comprising WC, vanity sink unit with feature wash hand basin and oversized walk in shower with dual rainfall effect shower.
Ceiling spotlights, radiator, extractor fan, luxury vinyl flooring and feature light mirror.
Agents Note The seller has provided us with the following information: The boiler is located in the kitchen and is 6 months old. It was serviced when it was installed.
There is 999 years left on the lease and there is an annual service charge of £1218 per annum.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 1, Canalside Apartments, Station Road, Ilkeston
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