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See how verdicts work2-bedroom flat · DE23 6AX
For saleListed 172 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Superb Investment Opportunity: Two-Bed Apartment In Sought After Priory Heights Court Presenting an outstanding investment opportunity, this two-double bedroom, first-floor apartment is situated within the highly desirable Priory Heights Court in Derby.
This property is specifically tailored for both experienced and first-time investors, promising a robust return and consistent rental income.
The apartment boasts a potential rental income of £995 per calendar month, translating to a potential gross annual income of £10,800.
With a fixed listing price of £157,500, this offers an attractive Gross Return on Investment (ROI) of 6.85%.
The location and property type are known for minimal void periods, ensuring a steady income stream for landlords.
Internally, the property comprises two well-proportioned double bedrooms, two modern bathrooms, and a comfortable reception room with open plan kitchen, providing ample living space.
The layout is practical and appealing to prospective tenants, ensuring ease of letting.
The property benefits from a long lease, with an estimated 979 years remaining, offering peace of mind and long-term security for the owner.
Further enhancing its appeal, the apartment includes allocated parking for one vehicle, a significant advantage in many residential areas.
The property holds an excellent Energy Performance Certificate (EPC) rating of B, indicating high energy efficiency, which is attractive to tenants due to lower utility costs.
The Council Tax Band is C. Priory Heights Court is a sought-after development, known for its convenient location and well-maintained surroundings.
Derby itself is a vibrant city with strong rental demand, driven by its growing economy, educational institutions, and transport links.
This makes the apartment an ideal addition to any property portfolio or a superb starting point for those new to property investment.
This is a rare chance to acquire a high-performing asset in a prime location. Early viewing is highly recommended to fully appreciate the potential and quality of this investment.
To the best of our knowledge; Ground Rent; £170 Service charge; £1482 per annum Buyers are advised to obtain
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.
Area
Agent & docs
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FAQ
About 2, Priory Heights Court, Derby
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