2-bedroom flat · DE72 3PW
Sold STCListed 134 days
Opportunity summary
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About
A stunning second floor apartment set within the ever popular victoria mill, A beautiful grade II listed building offering character, space and modern living.
Robert Ellis are delighted to bring to the market this exceptional two bedroom apartment extending to approximately 947 sq ft, making it without doubt one of the largest apartments to have come to the market within Victoria Mill in recent times.
Combining impressive proportions with the character and charm associated with this iconic conversion, the property offers a unique opportunity for a wide range of buyers.
A particular feature of the apartment is the fantastic open plan lounge, kitchen and dining area, providing an abundance of living and entertaining space rarely found in apartment living.
The development itself is accessed via a stunning brick and stone staircase, showcasing the building's industrial heritage, whilst also benefitting from the convenience of elevator access.
The accommodation includes two generous double bedrooms, with the master bedroom benefitting from an en suite, alongside the main bathroom.
The property further benefits from a telecom entry system and allocated parking, providing both convenience and security.
Draycott has a number of local shops and, if required, schools for younger children, there are Co-op convenience stores in the nearby villages of Breaston and Borrowash with further shopping facilities being found at Long Eaton where there are Asda, Tesco, Lidl and Aldi stores and further shopping facilities are found in Spondon where there is another Asda supermarket and at Pride Park.
There are walks in the surrounding picturesque countryside which includes St Chad's and the excellent transport links include J25 of the M1, East Midlands Airport, stations at Long Eaton, East Midlands Park and Derby and the A52 and other main roads provide good access to Nottingham, Derby and other East Midlands towns and cities.
Entrance Hallway Accessed via secure communal area with a lift, sotrage cupboard housing the hot water tank, electric heater and entry phone system.
Open Plan Living/Dining Kitchen (5.69m x 6.10m max approx (18'8 x 20' max approx)) An impression open plan living area with exposed beams and floor to the ceiling feature windows, electric heater, TV point and open access into the kitchen area.
Kitchen Area (3.20m x 2.01m approx (10'6 x 6'7 approx)) Fitted with modern matching wall and base units and work surfaces incorporating a sink and drainer, integrated oven and hob with extractor over, integrated dishwasher and washing machine, space for American style fridge freezer and exposed beams.
Bedroom 1 (4.06m x 2.95m approx (13'4 x 9'8 approx)) Having large feature window, electric heater and door to the en suite shower room.
En-Suite Fitted with a modern three piece suite comprising of a shower cubicle, low level W.C, wash hand basin, recess spot lights, shaver point, fully tiled to the walls and heated towel rail.
Bedroom 2 (3.15m x 4.27m approx (10'4 x 14' approx)) Having expose beams, floor to ceiling feature window, electric heater and spot lights.
Bathroom Fitted with a three piece suite comprising of a bath, low level W.C and wash hand basin, heated towel rail, fully tiled walls, shaver point and extractor fan. Outside Allocated parking space.
Directions Proceed out of Long Eaton along Derby Road and at the traffic island continue straight over and through Breaston into Draycott.
The mill building can be found just after the second turning on the right hand side with access to the car park being off Town End Road. The communal entrance is sign posted through the car park.
Council Tax Erewash Borough Council Band B Additional Information Electricity – Mains supply Water – Mains supply Heating – Gas central heating Septic Tank – No Broadband – BT, Sky Broadband Speed - Standard 21mbps Superfast 80mbps Ultrafast 1000mbps Phone Signal – EE, Three, Vodafone, 02 Sewage – Mains supply Flood Risk – No flooding in the past 5 years Flood Defenses – No Non-Standard Construction – No Any Legal Restrictions – No Other Material Issues – No
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About 23 Victoria Mill, Town End Road, Derbyshire
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