2-bedroom flat · NG10 5QD
Listing removedReduced £30 (−3.2%) on 26 AugListed 128 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Wildheart are excited to offer this fantastic ground floor, two bed, unfurnished apartment to rent in the prestigious Grade II listed converted lace mill. Available from 11th August 2026!
Full Description - Wildheart are excited to offer this newly refurbished two bed apartment to rent in this stunning Grade II listed converted lace mill.
Idyllically located on the bank of the Erewash Canal, the development provides breath-taking scenery and stunning waterside walks for residents.
The property boasts brand new appliances, brand new bathrooms including an ensuite. Exposed brickwork and freshly painted throughout the property.
The apartment is within close distance of both Derby and Nottingham city centres, the M1 and Nottingham East Midlands airport.
Council Tax Band - Erewash B Holding Fee - £213.46 Deposit - £1067.31 Viewing highly recommended.
Wildheart specialise in the management of large-scale rental portfolios throughout the UK and we aim to provide a friendly,professional and efficient service for all residents.
Your rental enquiry will be dealt with by our dedicated lettings team based in London and your viewing carried out by a locally based representative.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Springfield Mill, Bridge Street
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