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See how verdicts work2-bedroom flat · DE22 3XR
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the popular Manor Kingsway development, this superb second-floor apartment offers spacious, modern living and presents an excellent opportunity for investors, first-time buyers and downsizers alike.
An attractive investment opportunity, with an asking price of £150,000 and rental income of £892 per calendar month, equating to an approximate gross rental yield of 7.1% per annum.
The property features a bright and airy open-plan living area with a contemporary fitted kitchen and Juliet balcony, allowing plenty of natural light into the space.
There are two well-proportioned double bedrooms, with the master bedroom benefiting from an en-suite shower room.
The apartment also offers a modern family bathroom, useful utility storage cupboard and a generous entrance hallway.
Further benefits include gas central heating throughout, an allocated parking space and a secure intercom entry system.
Ideally located for Royal Derby Hospital, Kingsway Retail Park, Derby city centre and major road links, including the A38, this property is perfectly positioned for convenient everyday living.
Whether you're looking for your first home, a more manageable property, or an investment opportunity, this apartment offers a versatile option in a convenient location.
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.
Area
Agent & docs
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FAQ
About Somerset Close, Derbyshire
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