1-bedroom flat · DE1 3DE
For saleReduced £5k (−7.7%) on 27 MayListed 214 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Entrance to the apartment is through a secure entrance door opening into a side entry which leads to a second secure entrance door opening into the entrance lobby.
Stairs lead to the second floor where the front entrance door to apartment 3 is clearly indicated.
The door opens into an entrance lobby with built-in storage cupboard and doors leading off to the double bedroom, bathroom and into the living room.
The main living area is a bright open room with plenty of space for living and dining with windows overlooking the cathedral to the front.
The kitchen area is tiled and fitted with a range of sleek modern base and eye level units with roll edge worksurfaces, inset stainless steel sink unit, built-in oven with hob and extractor hood over, leaving space for appliances.
The spacious bathroom is fitted with a three piece suite comprising low flush WC, pedestal wash basin and panelled bath with shower over.
The apartment is well located for all the facilities in the city as well as being close to the picturesque Darley Park and Cathedral Green.
The location also offers easy access to the A38, A52 and A50 as well as access to the University campuses, The Royal Derby Hospital, Derby bus station, and train station.
To view this property, please contact John German Derby office. Tenure: Leasehold (purchasers are advised to satisfy themselves as to the tenure via their legal representative).
Lease commenced 19th April 2012 for 125 years. Ground rent £100 per annum. Service charge £1310 per annum.
Please note: It is quite common for some properties to have a Ring doorbell and internal recording devices.
Property construction: TBC Parking: None Electricity supply: Mains Water supply: Mains Sewerage: Mains Heating: TBC (Purchasers are advised to satisfy themselves as to their suitability).
Broadband type: See Ofcom link for speed: Mobile signal/coverage: See Ofcom link Local Authority/Tax Band: Derby City Council / Tax Band A Useful Websites: Our Ref: JGA/10032026 The property information provided by John German Estate Agents Ltd 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, particularly if contemplating travelling some distance to view the property.
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.
We are required by law to comply fully with The Money Laundering Regulations 2017 and as such need to complete AML ID verification and proof / source of funds checks on all buyers and, where relevant, cash donors once an offer is accepted on a property.
We use the Checkboard app to complete the necessary checks, this is not a credit check and therefore will have no effect on your credit history.
With effect from 1st March 2025 a non-refundable compliance fee of £30.00 inc.
VAT per buyer / donor will be required to be paid in advance when an offer is agreed and prior to a sales memorandum being issued.
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 advisors 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
FAQ
About Queen Street, Derby
Explore nearby