1-bedroom flat · DE75 7GL
Listing removedListed 47 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** no deposit option for tenants, greater protection for landlords ** A ground floor modern apartment having open plan living, double bedroom, upvc and electric heating.
Well located for town centre, A38, and has good bus service.
Open Plan Kitchen/Lounge 4.39m (14'5) x 4.19m (13'9) Open plan kitchen and living area, having modern wall and base units having stainless steel built in oven, gas hob, extractor hood, spaces for appliances, space for table and window to front.
Bedroom One 3.66m (12'0) x 3.12m (10'3) Having carpeted flooring and window to rear with vertical blinds. Bathroom Having shower cubicle, WC & basin.
Parking To the rear is a small car park (first come first serve) A holding deposit of £150 based on the advertised rent, is required to reserve the property. Deposit payable is £750.
*Rent excludes tenancy deposit and any other permitted payment*
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 3, 199, Ray Street, Heanor
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