2-bedroom flat · DE72 3WH
For saleReduced £10k (−7.1%) on 9 JulListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Spacious two-bedroom apartment in a Grade II listed mill with original features, open-plan living, en-suite, secure entry and parking.
Ideal first-time buy or investment, close to Derby city centre.
Description Located within the highly sought-after Victoria Mill development, this impressive two-bedroom apartment forms part of a beautifully converted Grade II listed mill, showcasing a wealth of well-maintained original features.
The property offers spacious and well-presented accommodation, briefly comprising: A welcoming entrance hallway leading through to a bright and airy open-plan living space, enhanced by large windows that flood the room with natural light.
The modern fitted kitchen benefits from integrated appliances and a sleek finish.
There are two generous double bedrooms, including a principal bedroom with en-suite, alongside a contemporary main bathroom.
The apartment is neutrally decorated throughout and further benefits from secure intercom entry.
Victoria Mill retains much of its historic charm, with character features including exposed brickwork, original architectural elements and industrial-style detailing.
Access is available via both the original stone communal staircase and a lift, blending period charm with modern convenience.
Externally, residents benefit from allocated on-site parking for one vehicle. The property is held on a 250-year lease from 2004, offering long-term security for both homeowners and investors.
Ideally positioned, the development is within walking distance of local amenities, while Derby city centre and the M1 motorway are just a short drive away, providing excellent transport links.
Entrance Hallway Having laminate flooring, storage cupboard and doors off to:- Lounge/ Dining Kitchen The lounge area has carpet flooring, brick feature wall and two sash windows.
The kitchen area has wall and base units with work surfaces over, electric oven and hob with extractor over, space for fridge freezer, inset sink, space and plumbing for washing machine and dishwasher and laminate flooring.
Bedroom One Having carpet flooring, sash windows and access to the en suite. En Suite Having a bath, low level W.C, wash hand basin and vinyl flooring.
Bedroom Two Having carpet flooring, a radiator and two sash windows. Shower Room Having a shower cubicle, vinyl flooring, low level W.C, wash hand basin and extractor fan.
Externally The apartment has one allocated parking space and visitor parking. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
.png)
FAQ
About 120, Victoria Mill, Town End Road, Derby
Explore nearby