2-bedroom flat · DE1 3JZ
For saleListed 144 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A most impressive, spacious, two bedroom, second floor apartment forming part of this truly characterful building in an historic location on St Mary’s Gate, right in the heart of Derby City centre’s Cathedral Quarter.
The property is sold with the benefit of no upper chain and retains much original detail with parking spaces set behind entry a remote, gated entrance.
There is a large communal lawn and patio/terrace to rear.
Internally, the property is accessed via a secure communal entrance hall and a private entrance door leads to a split-level shaped hallway, open plan living space with lounge/dining area and high specification fitted kitchen with built-in appliances.
There are two good sized bedrooms and a superbly appointed bathroom with four piece suite.
The Location - The property is set in the heart of Derby's Cathedral Quarter amidst beautiful architecture with cafe style culture, bars and restaurants.
Nearby Sadler Gate offers a varied selection of retail outlets and Derbion shopping centre has a selection of restaurants, shops and cinema. The property is close to the city's bus and train station.
Within close proximity is Darley Park with delightful walks along the banks of the river Derwent and further amenities at Darley Abbey Mills.
Accommodation - Communal Entrance Hall - A secure communal entrance hall with original staircase to upper floors and door to apartment.
Split-Level Entrance Hall - 3.02 x 2.90 x 1.50 x 1.24 (9'10" x 9'6" x 4'11" x - Having a period style central heating radiator and roof light.
Open Plan Living Space - 6.63 x 3.53 (21'9" x 11'6") - Spacious Lounge/Dining Area - A light and airy room with feature fire surround and electric fire, period style central heating radiator and sash windows to three elevations, all with shutters.
Kitchen - Comprising stylish worktops with matching upstands, inset ceramic sink unit, integrated fridge, dishwasher and washing machine, AEG electric hob with built-in oven beneath, Bosch wine fridge, contemporary fitted base cupboards and drawers, complementary wall mounted cupboards and sash window to side elevation with view of Derby cathedral.
Bedroom One - 5.42 x 4.39 (17'9" x 14'4") - Having two period style central heating radiators, fitted wardrobes, dressing table/desk, sash window to front with secondary double glazing and shutters and beautiful sash cant bay window to side with secondary double glazing offering views of the cathedral.
Bedroom Two - 3.42 x 3.09 (11'2" x 10'1") - With period style central heating radiator and sash window to rear with secondary double glazing and shutters.
Superbly Appointed Bathroom - 3.26 x 1.96 (10'8" x 6'5") - Outside - The property benefits from two parking spaces within a secure gated environment.
There are communal gardens featuring substantial lawn and terrace/patio.
Service Estate Charges - Please note, we have been informed by the vendor that there is an annual estate service charge of £1,920.
Should you proceed with the purchase of this property this must be verified by your solicitor. Council Tax Band B -
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.
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