1-bedroom flat · DE11 9TR
For saleListed 267 days
Opportunity summary
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About
** To Landlords Only ** Sold With Tenant In Occupation ** Ongoing Buy To Let Opportunity ** A superb second floor one bedroom apartment.
The property is situated in the popular Castle Heights development located close to local shops and amenities and within walking distance to Swadlincote town centre.
The apartment comprises of a communal secure intercom hallway with stairs rising to the top floor. On entering the you are greeted by a hallway, opening into the open plan lounge and kitchen areas.
There is a double bedroom with built-in wardrobe and a shower room. Outside is a shared parking area. Tenant in occupation paying £625 PCM. The Accommodation - To Landlords Only.
A superb second floor one bedroom apartment.
The property is situated in the popular Castle Heights development located close to local shops and amenities and within walking distance to Swadlincote town centre.
The apartment comprises of a communal secure intercom hallway with stairs rising to the top floor. On entering the home a hallway has a useful storge cupboard and opens into the open plan living area.
The fitted kitchen area has a range of modern wall and base units, uPVC double glazed window overlooking the rear elevation of the property, a concealed gas fired combination boiler, built-in oven and hob with extractor hood above.
The lounge lies along the front aspect of the building having a uPVC double glazed window, radiator and access to the bedroom through a large feature sliding door.
The shower room provides WC, hand wash basin and shower enclosure with uPVC window to the front aspect.
The bedroom having a uPVC double glazed window overlooking the rear elevation of the property, radiator and built-in wardrobe.
The property benefits from having gas central heating, uPVC double glazing, off road parking within a shared parking area.
Tenant In Occupation - Being sold to Landlords with a tenant in occupation currently paying £625 pcm. Any intending buyer will require buy to let finance or cash purchase.
Leasehold - The home is leasehold with the charges for 2025 - 2026 as follows - Ground Rent £193.50 Service Charge £1618.52 Annually Subject to change and annual Review Awaiting EPC inspection Property construction: Standard Parking: Shared Area Electricity supply: Mains Water supply: Mains Sewerage: Mains Heating: Mains Gas Council Tax Band: A Local Authority: South Derbyshire Borough Council Broadband type: TBC - See Ofcom link for speed: Mobile signal/coverage: See Ofcom link Useful Websites: Anti-Money Laundering (AML) Requirements In line with the Money Laundering Regulations 2017, all purchasers and, where applicable, cash donors are required to complete AML identity and source-of-funds checks once an offer is accepted.
These checks are carried out via “Thirdfort” and do not affect your credit rating.
A non-refundable compliance fee of £36.00 including VAT applies per person (with an additional fee of £36.00 per individual/ cash donor). Full details are set out in our PDF brochure.
Please ensure you have viewed the agent’s full PDF branded brochure for full information regarding the property and not rely on third party website information supplied before actioning the purchase process.
The property information provided by Nicholas Humphrey Estate Agents is based on enquiries made of the vendor and from information available in the public domain.
If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you.
Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.
Draft details awaiting vendor approval and subject to change
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Salford Way, Church Gresley, Swadlincote
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