1-bedroom flat · DE24 8QG
To rentReduced £30 (−5%) on 7 OctListed 45 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** no deposit option available for tenants, greater protection for landlords ** Located at the historic 'Roundhouse' situated in Alvaston.
Individually designed to suit the uniqueness of the building, this one bed, first floor flat offers open plan living with modern fitted kitchen, shower room, carpeted, sash windows and electric heating.
Ideally located for local amenities, Pride Park and City Centre with good public transport links.
Open Planned Living Area 4.24m (13'11) x 3.58m (11'9) Lounge area having carpeted flooring, electric panel heating with sash window to rear.
Kitchen Modern pearl gloss wall & base units with built in oven and electric hob, extractor, spaces for other appliances, tiled floor.
Bedroom 3.56m (11'8) x 2.29m (7'6) Having carpeted flooring and full length sash window to side. Shower Room Shower cubicle, wc and basin with chrome heated towel rail, tiled flooring.
EPC Rating: D Council Tax Band: A Rent excludes tenancy deposit and any other permitted payments A holding deposit of £138.46, based on the advertised rent, is required to reserve the property.
Deposit payable is £692.31
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Flat 9, The Roundhouse, Derby
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