2-bedroom flat · DE22 3LR
No longer listedListed 138 days · slow let
Opportunity summary
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About
Zero Deposit Guarantee Available Situated in a tucked away position close to City Centre of Derby, this apartment lends itself to professionals with local amenities, the bus and train stations all within walking distance, as well as easy access to the A38 & M1.
The property itself sits in a modern building, which shares a communal hallway.
Once within the apartment itself, which is located on the first floor, the accommodation comprises; hallway with two build-in storage cupboards, two excellently proportioned bedrooms, the largest with Juliet balcony and en suite shower room, the main bathroom fitted with white suite including a bath with shower over, the large open plan living room with Juliet balcony and fitted kitchen with single oven, induction hob, spaces for under-counter appliances and free-standing fridge freezer.
Outside there are maintained grounds and a private car park for sole use of the apartment residents, which includes an allocated space for each.
Hallway Entry into the hallway which gives access to all rooms, neutral décor and neutral carpets.
Living Room 26' Widest x 16' 4' Widest ( 7.92m Widest x 4.98m Widest ) A large room with carpet flooring, neutral décor, double doors to a Juliet balcony and access to the kitchen area Kitchen Located at the back of the living room with matching grey wall and base units, space and plumbing for a dishwasher, washing machine and fridge freezer, matching countertops, tiled splashbacks and UPVC window to rear.
Bedroom One 13' 2' Widest x 10' 1' Widest ( 4.01m Widest x 3.07m Widest ) A double bedroom with neutral carpet flooring, neutral décor, UPVC window to rear and wardrobe included.
This room also has an en suite. En Suite A useful three-piece suite comprising of low level WC, wash hand basin and shower cubicle with sliding screen door.
Tiled flooring, full height tile to sanitary area and half height tile elsewhere Bedroom Two 12' 10' Widest x 6' 8' Widest ( 3.91m Widest x 2.03m Widest ) A smaller double bedroom with neutral carpet flooring, neutral décor, electric storage heater and UPVC window to rear.
Bathroom Another three-piece suite comprising of low level WC, wash hand basin and bath with shower over.
Tiled floors, full height tile to the sanitary area and half height tile everywhere else Exterior Mill Point has maintained communal grounds and a large car park for residents, one space is allocated per property Council Tax Band: B Holding Deposit: £0.00 EPC Rating: B Available August Two Bathrooms Allocated Parking Easy Access to Royal Derby Hospital Quick Access to A38 and A50
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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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