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See how verdicts work2-bedroom flat · DE72 3PW
For saleListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Price guide £130-140,000.
A Grade II listed property comprising of an entrance hallway with walk in storage cupboard, open plan living, dining and kitchen area, shower room, two bedrooms, master en suite bathroom.
There is allocated parking for one vehicle. Viewings highly recommended. A fine example of A two bedroom ground floor apartment in the converted victorian mill development in draycott.
Robert Ellis are delighted to bring to the market this lovely apartment that is well presented throughout and will appeal to first time buyers, downsizers and investors.
This is a gated development with an intercom system providing access into this wonderful building. The apartment is located on the ground floor with the entrance door opening into the inner hallway.
The open plan living, dining and kitchen area is a great feature to the property and would be ideal for modern living and entertaining.
The kitchen is well equipped with integrated appliances and there are two large floor to ceiling windows which promote light into this great living space.
There are two bedrooms, both are double in size and the master bedroom has an en suite bathroom. There is a modern fitted shower room located off the inner hallway.
The apartment has an allocated parking space for one vehicle.
Draycott village has a number of local shops with Co-op stores being found in the nearby villages of Borrowash and Breaston with Tesco and Asda superstores and other retail outlets at Long Eaton, an Asda at Spondon and a Sainsbury's and Costco at Pride Park.
There are schools for older children in Sandiacre and Long Eaton, healthcare and sports facilities which include several local golf courses, walks around the surrounding countryside including Church Wilne and the excellent transport links include J25 of the M1, East Midlands Airport, stations at Derby, Long Eaton and East Midlands Parkway and the A52 and other main roads which provide good access to Nottingham, Derby and other East Midlands towns and cities.
Communal Entrance Entry buzzer system, door to: Inner Hall Wood effect laminate flooring, wall mounted electric heater, ceiling spotlights, storage cupboard and cupboard housing the hot water cylinder.
Doors to: Open Plan Living/Dining Kitchen (5.31m x 2.45m approx (17'5" x 8'0" approx)) Exposed brick wall, two leaded windows to the front, wall mounted electric heater, open to: Kitchen Area (2.7m x 2.41m approx (8'10" x 7'10" approx)) Ceiling spotlights, high gloss wall, base and drawer units with laminate work surface over and matching upstand, tiled splashback, stainless steel sink and drainer with chrome mixer tap, integrated single electric oven, gas hob and tiled splashback, stainless steel extractor hood, plumbing and space for a slim-line dishwasher, integrated fridge/freezer, integrated washer/dryer, wood effect vinyl flooring.
Bedroom 1 (2.54m x 2.96m approx (8'3" x 9'8" approx)) Exposed brick feature wall, leaded window to the front, ceiling spotlights, storage cupboard with rails and wall mounted electric heater.
En-Suite Bathroom (2.35m x 1.92m approx (7'8" x 6'3" approx)) Three piece white suite comprising of a vanity wash hand basin with chrome mixer tap, tiled splashback, low flush w.c., bath with mains fed shower over having a rainwater shower head and hand held shower, glazed screen and tiled splashback, electric heated towel rail, tiled floor.
Bedroom 2 (2.47m x 2.68m approx (8'1" x 8'9" approx)) Ceiling spotlights, exposed feature brick wall, leaded window to the front, wall mounted electric heater.
Shower Room (2.82m x 1.23m approx (9'3" x 4'0" approx)) White suite comprising of a vanity wash hand basin with chrome mixer tap and tiled splashback, low flush w.c., shower enclosure with mains fed shower, aqua board splashbacks, ceiling spotlights, extractor fan and electric chrome towel rail.
Outside There is parking for one vehicle.
Directions Proceed out of Long Eaton along Derby Road and at the traffic island continue straight over and through Breaston and over the railway line into Draycott.
The Mill building can be found just after the second turning on the right hand side with access to the car park being of Town End Road with the communal entrance being signposted through the car park.
9222MH Council Tax Erewash Borough Council Band B Additional Information Electricity – Mains supply Water – Mains supply Heating – Gas central heating Septic Tank – No Broadband – BT, Sky Broadband Speed - Standard 21mbps Superfast 80mbps Ultrafast 1000mbps Phone Signal – EE, Vodafone, 02 Sewage – Mains supply Flood Risk – No flooding in the past 5 years Flood Defenses – No Non-Standard Construction – No Any Legal Restrictions – No Other Material Issues – No Agents Notes The property is leasehold with a 250 year lease which commenced 1.1.04 Immaculately presented two bedroom ground floor apartment in converted grade II mill in draycott
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 50 Victoria Mill, Town End Road, Derbyshire
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