2-bedroom flat · DE72 3WH
For saleListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Great Investment Opportunity / Ideal for first time buyers! New to the market, this spacious two bedroom apartment is located in the popular Victoria Mill development.
The apartment itself benefits from an entrance hallway leading to an open plan living area with large windows offering lots of natural light, modern kitchen with integrated appliances, two large double bedrooms, two modern bathrooms, neutral decoration throughout and secure entry-phone access.
The property has character features such as exposed brickwork and piping and access to the apartment can be gained by the original stone communal staircase or the lift.
Residents can park one vehicle on site. Victoria Mill is just a few minutes walk from local amenities, plus a short drive from Derby city centre and the M1.
The apartment has been successfully rented with maximum level of occupancy for the last few years. 230 years remain of the original 250 year lease.
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.
Area
Agent & docs
FAQ
About Town End Road, Draycott, Derby
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