1-bedroom flat · DE22 2EE
For saleListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is an extremely stylish and well-presented, one double bedroom, ground floor apartment forming part of the Kedleston Grange estate in a sought after location in Allestree.
The property benefits from an allocated car parking space and features pleasant green spaces all around, including a children's play area. There are also visitor car parking spaces.
The property benefits from its own entrance door which leads to a spacious hallway with open plan living kitchen off, double bedroom with fitted wardrobe and a well-appointed bathroom.
The Location - The property's location in Allestree affords easy access to shops on Blenheim Drive and Park Farm, schooling at all levels, a regular bus service into the city centre, pleasant walks in the surrounding open countryside and easy access to both Markeaton Park and Darley Park.
Accommodation - Hallway - 4.94 x 1.44 (16'2" x 4'8") - A private entrance door provides access to hallway with central heating radiator, feature wood panelled wall and open access to living kitchen.
Living Kitchen - 5.72 x 4.00 (18'9" x 13'1") - Lounge/Dining Area - Having a central heating radiator, feature wood panelled wall and double glazed window to front.
Kitchen - Comprising wood effect worktops with matching upstands, matching breakfast bar, soft close fitted base cupboards and drawers, complementary soft close wall mounted cupboards, stainless steel sink unit with mixer tap, gas hob with extractor hood over and built-in oven beneath, integrated fridge freezer, integrated washing machine, space for a dishwasher and double glazed window to rear.
Double Bedroom - 3.21 x 2.92 (10'6" x 9'6") - With central heating radiator, fitted wardrobe with sliding mirrored doors and double glazed window to front.
Bathroom - 2.91 x 1.66 (9'6" x 5'5") - Well-appointed with a white suite comprising low flush WC, wash handbasin, panelled bath with shower over and chrome towel radiator.
Outside - The property is set within attractive communal gardens and open green space. There is a recreational ground nearby and the property benefits from one allocated parking space.
Estate Management Fees - Please note, we have been informed by the vendor that there is an annual estate service charge of £738.
Should you proceed with the purchase of this property this must be verified by your solicitor. Tenure - The property is leasehold with a term of 250 years which commenced in January 2020.
Council Tax Band A -
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.
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