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See how verdicts work2-bedroom flat · DE22 3XQ
For saleReduced £5k (−3.2%) on 18 SepListed 75 days
Opportunity summary
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About
Summary investment opportunity - A well maintained two bedroom, two bathroom apartment in the highly sought after Kingsway Development in Derby to be sold with tenants in situ.( £1100 pcm ) description Ashley Adams are thrilled to market this well maintained two bedroom, two bathroom apartment in the highly sought after Kingsway Development in Derby to be sold with tenants in situ at £1100 making a high yield ready made investment opportunity.
The property is well placed, closed to the Royal Derby Hospital and Kingsway Retail Park and in brief comprises of an entrance hall, open plan kitchen/living area, two first floor bedrooms ( one with en-suite) and family bathroom.
Externally, there is an allocated car parking space and lawned communal areas. This highly impressive apartment is located close to the Derby Royal Hospital, city centre and A38 road network.
The property enjoys ease of access to the useful amenities including supermarket, gym, public house, café and retail outlets at the Kingsway Retail Park, The Derby Royal Hospital is a short distance away as is the city centre, Markeaton park and A38 road network.
Aml Fee Please note that an £80 aml fee covers the cost of carrying out the required identity and anti-money laundering checks when an offer has been accepted.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Entrance Hallway Having door to the rear, store cupboard, wall mounted radiator and carpeted flooring.
Open Plan Living/Kitchen Space Fitted with a range of modern matching wall and base units with worksurfaces over, integrated electric oven, gas hob, plumbing for washing machine, space for fridge freezer, windows to the front and side plus french doors with juliet balcony to the front.
Bedroom One Having window to the front, store cupboard, wall mounted radiator and carpeted flooring.
En-Suite Fitted with a three piece suite comprising a double shower cubicle, w.c, wash hand basin and electric wall mounted heater, Bedroom Two Having window to the front, wall mounted radiator and carpeted flooring.
Family Bathroom Fitted with a three piece suite comprising a bath, w.c, wash hand basin and electric wall mounted heater, Outside Externally, there is an allocated car parking space and lawned communal areas.
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.
Burchell Edwards 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.
Burchell Edwards 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.
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FAQ
About Apartment 8, Cambridge House, Somerset Close, Derby
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