1-bedroom flat · DE1 1DR
For saleReduced £25k (−27.8%) on 2 SepListed 392 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First floor apartment - close to derby city centre - offered for sale with no onward chain. Located close to Derby City Centre is this one bedroom first floor apartment.
In brief the gas centrally heated accommodation comprises of entrance hall with useful storage cupboard, open plan kitchen/lounge, one bedroom and bathroom.
The property benefits from an allocated parking space. Entrance hall With useful storage cupboard housing central heating boiler. Central heating radiator.
Open plan living kitchen 14' 7" x 13' 2" (4.47m x 4.02m) Modern fitted kitchen with a range of eye-level and base units providing work surface, storage, and space for appliances.
Stainless steel sink unit with mixer tap, electric oven with four-ring gas hob over and space for a freestanding fridge freezer. Plumbing for a washing machine.
The kitchen is open plan to the lounge and benefits from a double glazed window to the front elevation and central heating radiator.
Bedroom 10' 0" x 8' 9" (3.07m x 2.69m) With uPVC framed double glazed window to the rear elevation. Central heating radiator.
Bathroom A suite in white comprising of panelled bath with shower over, wash hand basin and WC. Double glazed window to the rear elevation.
Outside The property benefits from an allocated parking space on the driveway. Lease details Lease details are still being compiled at this time and we will be confirmed shortly.
Lease details Ground rent £0 Service charge £ tbc Lease 999 years from 2007 nb A non-refundable compliance fee for all buyers or donors of monies will be required.
This fee will be £32.40 per person (inclusive of VAT). These funds will be required to be paid on the acceptance of an offer and prior to the release of the memorandum of sale.
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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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 Apartment 3 South Corner, 25a, South Street, City of Derby
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