2-bedroom house · DE22 3QP
Listing removedReduced £3k (−2%) on 17 JulListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A beautifully presented, period mid-terrace, two bedroom home, in the heart of Derby City Centre.
Description Ashley Adams in Derby are delighted to bring to market this two double bedroom terrace property, close to the Royal Derby Hospital.
The property has been fully renovated and the accommodation in brief comprises; lounge, dining room, kitchen, two first floor double bedrooms and bathroom.
The property has permit parking to front and is within walking distance to the Derby City Centre and just a short drive to the Royal Derby Hospital, making this a fantastic first time purchase or investment!
Lounge With original features to include ceiling rose, cornicing and fire recess. Archway through to dining room. Double glazed UPVC window and door to the front elevation. Radiator.
Dining Room With original features to include ceiling rose, cornicing and picture rail. Archway through to kitchen.
Double glazed UPVC window and door to the rear elevation and stairs rising to the first floor. Radiator.
Kitchen Having a range of wall and base units with countertops over, gas hob and electric oven with space and plumbing for all other white goods.
Double glazed UPVC window to the side and rear elevations. Bedroom One Having original cornicing. Double glazed UPVC window to the front elevation. Radiator. Bedroom Two Having storage cupboard.
Double glazed UPVC window to the rear elevation. Radiator. Bathroom Having three piece white suite to include W.C., hand basin and bath with shower over.
Double glazed UPVC window with privacy glass to the rear elevation. Radiator. Outside To the front, the property offers a pallisaded facade and on street, permit parking.
To the rear is a low maintenance private garden with paved area and brick built outhouse with electricity. 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
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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, Drewry Lane, DERBY
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