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See how verdicts work2-bedroom flat · DE22 3EB
For saleReduced £15k (−12.5%) on 17 SepListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two bedroom, first floor apartment offers open plan living and two good sized double bedrooms as well as an en-suite to the master. A lovely balcony area really makes this apartment stand out!
Ideal for the first time buyer or A working couple and within walking distance to derby city center.
Property and location Situated on Ashbourne Road and within walking distance to the City Centre and all that Friar Gate has to offer, this home is great for city living.
The apartment is light, bright and modern with an open plan living area incorporating the kitchen and dining space.
The kitchen has plenty of cupboard space with room for a fridge freezer and washing machine There's even a lovely juliet balcony to enjoy the sunshine and bring the outside in.
The master bedroom has the benefit of an en-suite as well as fitted wardrobes and there's a further good sized second bedroom too.
Outside there is secure parking for one vehicle and beautifully well maintained communal gardens.
Mill Gate is located near the City Centre of Derby making it a great location for any buyer with having all local amenities within walking distance to the property.
As well as this, less than a 2 minute walk away is the bus stop which gives easy access into the City Centre, Bus Station and Train Station as well as access to the Royal Derby Hospital.
Also, within proximity to the property, there is Markeaton Park and easy access to the A38 leading to both the M1, A52 and A50 making it a great spot for commuters.
Entrance hall Providing access to the cupboard, both bedrooms and the open plan Lounge/Kitchen. Cupboard Previously used as a utility space.
Lounge/kitchen 22' 7" x 10' 4" (6.88m x 3.15m) The lounge has the benefit of being open plan to the kitchen, the lounge has a juliet balcony with double patio doors offering extra light.
In the kitchen area there is a range of matching wall and base units, incorporating sink with drainer, oven hob and hood.
Bedroom one 12' 7" x 10' 8" (3.84m x 3.25m) With double glazed window, access to the en-suite and built in wardrobes en-suite Fiited with a three piece suite, comprising of low level w.c, wash hand basin and shower.
Bedroom two 12' 10" x 8' 3" (3.91m x 2.51m) With double glazed window. Bathroom Fitted with a three piece suite comprising of low level w.c, wash hand basin and bath.
There is also a double glazed window giving additional light. N.B A non-refundable compliance fee for all buyers or donors of monies will be required.
This fee will be £32.40 per person (inclusive of VAT). These funds will be required to be paid on the acceptance of an offer and prior to the release of the memorandum of sale
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
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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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FAQ
About 11, Mill Gate, Derby, United Kingdom
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