1-bedroom flat · DE7 5NQ
Listing removedListed 41 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Renshaw Estates offer this one bed first floor flat, Modern Shower Room, neutral decor, Popular Location, close to bus routes, Combi Boiler, available now!
Entrance Hall UPVC double glazed door and window, stairs to landing. Landing Stairs to bedroom, electric storage heater.
Lounge (3.77 m x 3.37 m (12'4" x 11'1")) UPVC double glazed window, electric fire, radiator.
Kitchen (2.77 m x 2.55 m (9'1" x 8'4")) UPVC double glazed window, wall and base units, worktops, splash backs, sink, electric oven, hob and fridge freezer, radiator.
Shower Room (2.73 m x 2.00 m (8'11" x 6'7")) UPVC double glazed window, heated towel rail, shower cubicle, wash basin, WC, cupboard housing Combination boiler.
Bedroom (3.45 m x 2.85 m (11'4" x 9'4")) Double glazed Velux window, fitted wardrobes, radiator.
EPC Information Energy Efficiency Rating = D Current Council Tax Band A Tenant Information Bond £650 The minimum income required for our referencing company would be:- £18,000 per annum (2.5x the annual rent on this property) & for guarantors :- £21,600 per annum (3x the annual rent).
A Holding Deposit of £100 is required in order for an application to be submitted. The deposit will be held for a maximum of 15 days unless an extension is agreed in writing.
Following a successful application, the holding deposit will be transferred back to the tenant.
If any false or misleading information is provided on the submission of an application, the holding deposit may not be refunded to the applicant.
One months rent is payable upfront along with the bond prior to the agreed move in date. Tenant Information Continued The tenant must have the correct insurances in place before moving in.
The Landlord has stipulated the following criteria for tenants: - suitable for professionals please note: Any application will not be put forward until we have a copy of any potential tenants passport and right to rent in the UK.
For applications not meeting our standard letting criteria other references maybe applicable. The cost of these will be discussed on an individual basis.
We are members of: The Property Redress Scheme: The Guild of Letting & Management: We have client money protection and are members of Client Money Protect Additional Information These particulars do not constitute any part of the offer or contract.
Measurements are approx.
Mentioned appliances and services to be included have not been tested by ourselves and we recommend that all interested parties satisfy themselves as to the condition and working order prior to purchasing.
None of the statements contained in these details or floor plan are to be relied on as statements or representations of fact and any intending purchaser must satisfy themselves by inspection or otherwise to the correctness of each of the statements contained in these particulars.
The vendor does not make or give, neither do Renshaw Estates nor any person in their employment have any authority to make or give, any representation or warranty whatsoever in relation to this property.
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 16a Dale Street, Ilkeston
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