2-bedroom flat · DE24 8XW
For saleListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well presented two bedroom second floor apartment, offering spacious open plan living, allocated parking and excellent access to Derby City Centre and Rolls-Royce.
Benefitting from uPVC double glazing and gas central heating, this property is ideal for first-time buyers looking to step onto the property ladder.
Accessed via a secure communal entrance with well-maintained communal areas, the accommodation begins with a welcoming entrance hallway providing two useful storage cupboards and loft access.
The spacious open plan kitchen, lounge and dining area offers ample room for both relaxing and entertaining, with the fitted kitchen comprising a range of wall and base units, stainless steel sink, built-in oven, hob with extractor over, breakfast bar and space for further appliances.
There are two well-proportioned double bedrooms, with the second bedroom benefiting from a useful built-in storage cupboard.
The accommodation is completed by a family bathroom fitted with a three-piece suite in white. Outside, the property benefits from an allocated parking space.
Ashwood Close is well located for convenient access to Rolls-Royce on Ascot Drive and Derby City Centre, while also being close to a range of local amenities, shops and supermarkets.
The property also offers excellent transport links to the A52, A38 and other major road networks, making it ideal for commuters.
Hallway Accessed via a secure communal entrance with well-maintained communal hallways and stairs.
Welcoming entrance hall with two useful storage cupboards, central heating radiator and loft access providing additional storage space.
Kitchen/Lounge/Diner (7.09m x 4.83m) Spacious open plan living area offering ample space for both seating and dining.
The kitchen is fitted with a range of wall and base units incorporating a stainless steel sink, built-in oven, hob with extractor over, breakfast bar and space for further appliances, with a central heating radiator.
The living area benefits from a uPVC double glazed window and central heating radiator. Bedroom One (3.38m x 3.18m) Double bedroom with uPVC double glazed window and central heating radiator.
Bedroom Two (3.35m x 3.05m) Double bedroom with uPVC double glazed window, central heating radiator and a useful built-in storage cupboard.
Bathroom (2m x 1.98m) Fitted with a three-piece suite comprising a panelled bath with shower over, low level WC and wash hand basin. Central heating radiator.
Outside The property benefits from an allocated parking space.
Agents Note Please note that an aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 40, Ashwood Close, Derbyshire
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