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See how verdicts work2-bedroom flat · DE22 3FX
Sold STCListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SPACIOUS TWO DOUBLE BEDROOM GROUND FLOOR APARTMENT – PRIVATE POSITION WITHIN A GATED DEVELOPMENT This well-presented two double bedroom ground floor apartment offers spacious and practical living accommodation, ideally suited to both owner-occupiers and investors.
Positioned to the rear of the development, the property benefits from a quiet and private setting, together with the added benefit of ground floor access—ideal for ease of living, and day-to-day convenience.
The accommodation comprises a welcoming entrance hall leading into a bright open-plan living, dining and kitchen area, providing a versatile space for both relaxing and entertaining.
There are two generously sized double bedrooms, with the principal bedroom benefiting from access to a Jack and Jill bathroom, also accessible from the hallway.
The apartment is neutrally decorated throughout, well maintained and presented to a good standard having recently benefited from new flooring throughout most of the property.
It is further enhanced by gas central heating and a secure intercom entry system.
A particular feature of the apartment is the excellent built-in storage, with two large hallway cupboards ideal for coats and household items and a cleverly integrated wardrobe in the principal bedroom, designed to blend seamlessly with the room.
Externally, the property sits within a secure gated development and benefits from allocated parking, with well-maintained communal areas.
The development was constructed in 2005 by 'Radleigh', a well regarded local developer. The property is currently occupied, with further details available on request.
The current rental income is £800pcm Location Ideally located just off Uttoxeter Road, the property offers excellent access to a wide range of local amenities including the Derbion Centre, Derby University and the Cathedral Quarter, as well as major employers such as the Royal Derby Hospital, Rolls Royce, Toyota, JCB and Nestle making it particularly attractive for professionals and tenants alike.
The property also benefits from excellent road connectivity, with easy access to the Derby Ring Road and major trunk routes including the A38, A50 and A52.
These provide convenient links to the wider motorway network and East Midlands Airport, making the location ideal for commuters and frequent travellers.
Leasehold information - The property is leasehold with an original term of 125 years from January 2005.
We understand that there is no ground rent payable, as owners hold a share in the management company and have the option to become Directors.
The current service charge is approximately £109.32 per calender month, which includes contributions towards the maintenance of communal areas and a reserve fund for future expenditure.
All figures and tenure details have been provided by the vendor and have not been independently verified.
Prospective buyers are advised to instruct their solicitor to confirm the remaining lease term, service charge, management arrangements and any associated costs prior to exchange of contracts.
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 advisers 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
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FAQ
About Bishops Green, St. Swithins Close, Littleover
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