2-bedroom flat · DE1 3TE
For saleListed 1443 days
Opportunity summary
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About
Offered with No Chain this is an excellent opportunity to purchase a well presented ground floor apartment providing the following spacious accommodation: communal entrance hall leading to apartments with entry phone system, door to Entrance Hall, lounge with dining area and open to the fitted kitchen, two double bedrooms and a bathroom with four piece suite including bath and separate shower cubicle.
the property also benefits from underfloor heating and double glazing. Outside the property is located in a gated courtyard with allocated parking and coded entrance.
Local amenities are near to hand including shops, schools, the University, public transport routes, together with the amenities in Derby City Centre itself together with access to the A6, A52, A38 and A50 giving access to the M.1 COMMUNAL AREA: Entry phone system communal hallway land door to Leading to this apartment.
ENTRANCE HALLWAY: Having Intercom for main door, cupboard housing hot water tank, laminate flooring, under floor heating.
LOUNGE: with dining area and open to kitchen area: 22'8 max x 14'0/ 8'0"min (6.97m x 4.29m/ 2.45m) Having two double glazed windows to front, laminate flooring, underfloor heating and open plan to the kitchen diner KITCHEN AREA: Having double glazed window to rear, range of wall, base and drawer units incorporating ample food preparation surfaces, inset sink unit and drainer, built in oven, integrated hob with cooker hood over, integrated dishwasher, plumbing for automatic washing machine, space for fridge freezer.
BEDROOM ONE: 10'2" x 10'0" (3.12m x 3.05m) Having double glazed window to rear, built in wardrobes, under floor heating.
BEDROOM TWO: 10'3" x 8'0" (3.15m x 2.43m) Having double glazed window to front, built in wardrobes, under floor heating.
BATHROOM: Having double glazed window to rear, four-piece suite comprising of bath, separate shower cubicle, wash basin, w.c.
OUTSIDE: There is gated access leading to the courtyard and one allocated parking space for the property within a secure resident's car park. TENURE: LEASHOLD Lease - 999 years from 1 January 2006.
Ground Rent - £250 per annum. Service Charge - £504.71 per six months
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Area
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FAQ
About Brook Street, Derby, Derbyshire, DE1
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