We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · DE1 3JZ
For saleReduced £10k (−4%) on 18 SepListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on the historic and sought after St Mary’s Gate, right in the heart of Derby city centre, this beautifully presented first floor apartment.
Set within a striking Grade II Listed building, converted into just five unique apartments.
Classically proportioned two bedroom apartment with many original features, living kitchen with feature marble stone fireplace, magnificent panelled bedroom/sitting room overlooking the rear garden, situated on tranquil St Mary's Gate in the shadow of Derby Cathedral.
Benefiting from two allocated parking spaces within gated environment and communal rear garden. ** All Vendors are the Freeholders **
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
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FAQ
About Flat 3 Simpson House, 36, St Marys Gate, Derbyshire
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