1-bedroom flat · DE23 8DY
To rentListed 71 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lamont Estates are delighted to bring to the market The Mill. Osmaston Mill is a characterful selection of luxury apartments located in a prime position in the centre of Derby.
An imposing, iconic Victorian Mill consisting of 65, one and two-bedroom apartments.
Formerly the old Metalite Lamp Works, Osmaston Mill offers owners all the heritage and individualistic design features of a traditional building, with the convenience and connectivity of a modern fitted home.
It is regarded as one of the hubs of modern industry. Part of the Derwent Valley Mills UNESCO World Heritage site sits within Derby’s boundaries.
With its reputation for industry and two of its biggest employers are Rolls-Royce and Toyota. However, it also has a flourishing cultural scene and shopping district.
Schools in Derby are also well respected – Derby Pride Academy and Landau Forte College are just two of the institutions awarded the top rating by Ofsted.
Lamont Estates are delighted to bring to the market The Mill. Osmaston Mill is a characterful selection of luxury apartments located in a prime position in the centre of Derby.
An imposing, iconic Victorian Mill consisting of 65, one and two-bedroom apartments.
Formerly the old Metalite Lamp Works, Osmaston Mill offers owners all the heritage and individualistic design features of a traditional building, with the convenience and connectivity of a modern fitted home.
It is regarded as one of the hubs of modern industry. Part of the Derwent Valley Mills UNESCO World Heritage site sits within Derby’s boundaries.
With its reputation for industry and two of its biggest employers are Rolls-Royce and Toyota. However, it also has a flourishing cultural scene and shopping district.
Schools in Derby are also well respected – Derby Pride Academy and Landau Forte College are just two of the institutions awarded the top rating by Ofsted.
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 Osmaston Road, Derby, DE23
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