1-bedroom flat · DE24 8YR
Listing removedListed 105 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Commencing on Monday 27th July from 1pm and ending 22 hours later on Tuesday 28th July from 11am with Auction House Notts and Derby Please register to bid via our website - auctionhouse.co.uk/nottsandderby Open House Viewings (no need to book) Thursday 16th July at 2:30 – 3:00pm Monday 20th July at 12:30 – 1:00pm Friday 24th July at 3:30 – 4:00pm A Flat for slight renovation near Derby City Centre!
This is a very spacious self contained one bedroom first floor flat with its own entrance off the Main Street and is ideal for investors, situated near the centre of Derby and just a short walk to Derby train station with transport links across the UK.
It is also within walking distance of David Lloyd Leisure, Moorways Sports & Swimming complex and Derby area, plus many other local amenities.
Similar properties in the apartment block are being listed for rent at up to £8100 per year, so with some very minor renovation this could be a very high yielding property to go for!
A straightforward first refurbishment opportunity or low entry cost addition to a rental portfolio, Entrance hallway with stairs leads to: Hallway WC Bathroom - 1.84 x 1.45 Kitchen - 1.83 x 2.17 Lounge - 3.16 x 3.81 Bedroom - 3.14 x 4.18 Communal car parking to the rear of the block Tenure: Leasehold EPC Rating: C Administration Fee: £2400 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 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
Agent & docs
FAQ
About 8. Brindley Court, Wilkins Drive, Allenton, Derby, Derbyshire DE24 8YR
Explore nearby
