2-bedroom flat · DE1 2ES
For saleReduced £20k (−10.8%) on 6 FebListed 366 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary no chain - A spacious and well-presented apartment forming part of the sought after Nightingale Quarter development offer for sale with no onward chain.
Description A spacious and well-presented apartment forming part of the sought after Nightingale Quarter development offer for sale with no onward chain.
The accommodation comprises a open plan living area, two bedrooms and bathroom.
The development is located within walking distance of the city and train station and has the benefit of a one site residents' free to access gym, co-working space and the Pepperpot restaurant The property would suit a first-time buyer or buy to let investor ( rent circa £1150 pcm) 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
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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
Agent & docs
FAQ
About Apartment 162, Fox House, 2, Erasmus Drive, Derby
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