2-bedroom flat · DE1 1BW
For saleListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented two bedroom, second floor apartment, ideally positioned within the sought-after Centro West development in Derby City Centre, offered for sale with no onward chain and vacant possession.
This property offers a generous open-plan living and kitchen area, providing a fantastic space for both relaxing and entertaining, with dual-aspect windows and a feature corner Juliet balcony allowing for plenty of natural light.
The fitted kitchen offers a range of wall and base units, ample work surface space and integrated appliances.
The master bedroom benefits from fitted wardrobes, an en-suite shower room and a Juliet balcony enjoying attractive views towards a historic church building.
A further double bedroom and a bathroom complete the accommodation.
Additional benefits include lift access, secure entry system and an electric gated car park, making this an ideal purchase for both owner occupiers and investors alike. EPC rating: C.
Tenure: Leasehold, Service charge description: The service charge payment for this property is £976.37 billed every 6 months.
The total annual service charge is £1952.74., Entrance Hall A welcoming entrance hallway providing access to all accommodation, featuring a wall-mounted intercom system and two useful storage cupboards, ideal for coats, household items and additional storage.
Open Living Kitchen Room A spacious and versatile open-plan living space with dual-aspect windows and a feature corner Juliet balcony, creating a bright and airy feel.
The kitchen area is fitted with a range of modern wall and base units, complementary work surfaces, integrated oven, hob and extractor, with space for additional appliances.
Main Bedroom A generous double bedroom featuring fitted wardrobes and a Juliet balcony, allowing for plenty of natural light and offering views towards the nearby church.
Door leading to: Ensuite Fitted with a three-piece suite comprising shower enclosure, wash hand basin and low level WC.
Bedroom A well-proportioned double bedroom, ideal for guests, a home office or additional living space.
Bathroom Fitted with a three-piece suite including bath with shower over, wash hand basin and low level WC.
Parking The property benefits from an allocated parking space within a secure, electric gated car park, offering both convenience and peace of mind.
Lease Information Term : 999 years from 1 January 2006. 979 years remaining The service charge payment for this property is £976.37 billed every 6 months.
The total annual service charge is £1952.74. There is no ground rent for this site.
Buyer Information In line with AML regulations, Northwood (Derbyshire) Ltd must verify all purchasers’ identities. The cost is £35 + VAT (£42 inc.
VAT) per person, payable to our verification partner before a sale can be agreed. These particulars are issued in good faith but do not form part of any offer or contract.
Details should be independently verified. Measurements are approximate, and services or appliances have not been tested. Buyers should make their own enquiries or surveys.
Please contact us for clarification if travelling some distance to view.
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
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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 advisors 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.
Area
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FAQ
About Searl Street, City Centre, Derby, DE1
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