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See how verdicts work1-bedroom flat · DE23 6LH
For saleReduced £2.5k (−5.3%) on 26 OctListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN A well-presented double-bedroom apartment situated within this sought-after residential development designed exclusively for the over 55s.
The building offers a pleasant and welcoming communal entrance with comfortable reception and meeting areas, along with lifts providing convenient access to all floors.
In brief, the accommodation comprises: Communal entrance and reception areas leading to the private apartment - the property features an entrance hall; spacious lounge/diner; fitted kitchen; double bedroom; bathroom with a shower over the bath.
Residents also benefit from access to a shared laundry room and beautifully maintained communal garden areas, providing a relaxing outdoor space for all to enjoy.
The development offers a range of amenities designed to support comfortable and sociable living.
These include inviting communal lounges where residents can meet and socialise, well-maintained shared facilities and attractive landscaped gardens providing a pleasant setting to relax outdoors.
The presence of lift access throughout the building ensures ease of movement for residents and visitors alike.
Ridgeway Court is conveniently situated for easy access to excellent local amenities, major roads, the Royal Derby Hospital, Rolls-Royce Sinfin and Derby City Centre.
Communal Entrance Entrance Hall 14'10" x 5'4" (4.5m x 1.6m) Lounge/Diner 18'9" x 10'2" (5.7m x 3.1m) Kitchen 7'4" x 7'0" (2.2m x 2.1m) Double Bedroom 11'8" x 8'10" (3.6m x 2.7m) Bathroom 7'2" x 5'7" (2.2m x 1.7m) Additional Information The property is held on a 125-year lease from 1st January 20022 with 101 years remaining as of March 2026.
Annual Maintenance Charge: £4,092.76 (paid half-yearly.) Annual Ground Rent: 791.89 (next increase due 2045). Managing Agents: First Port Freeholder: E & M Estates Management.
Buyer Information 1. Anti-Money Laundering (AML) Regulations: We are legally required to verify all purchasers. The cost is £24 (inc VAT) per person. 2.
General: These sales particulars are intended as a general guide only. If any detail is especially important, please contact us—particularly if you’re travelling a long distance to view. 3.
Measurements: All measurements are approximate and provided for guidance only. 4. Services: Services, equipment, and appliances have not been tested.
Buyers should arrange their own surveys or inspections. 5. These details are given in good faith but do not form part of any offer or contract. Information should be independently verified.
Hannells Limited and its employees or agents are not authorised to make representations or warranties regarding the property.
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.
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About Ridgeway Court, Littleover
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