2-bedroom flat · DE1 3FF
To rentReduced £100 (−10.1%) on 23 OctListed 95 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb ground floor two double bedroom ground floor apartment in the iconic Kings Crescent building conveniently positioned in the Five Lamps Area next to Derby city centre.
This impressive property features a superb open plan living dining kitchen with island and integrated appliances, two double bedrooms and shower room.
The beautifully presented accommodation provides both UPVC double glazing and gas central heating. This superb development provides secure access into the site and building with underground car park.
Derby city centre with its wealth of retail outlets, cafes, bars and restaurants can be found just a short distance away.
The property is unfurnished, exclusive of bills and is ready for occupancy immediately. Accommodation - Ground Floor - Communal Reception Hallway - With key code access.
Private Hallway - Leading into: Open Plan Living Dining Kitchen - 7.52m x 3.43m (24'8" x 11'3") - A superb open plan room having laminate flooring throughout, two feature arch topped double glazed sash windows allow for plenty of natural light, column radiators, telephone intercom system and built-in boiler cupboard.
The kitchen is appointed with a quality range of fitted wall and base units with two tone cupboard and drawer fronts, low profile laminate work surfaces, matching island/breakfast bar with integrated electric hob, fridge and freezer, there is also an integrated washing machine, dishwasher and electric oven, stainless steel sink and drainer, insect ceiling spotlights and extractor fan.
Bedroom One - 3.05m x 2.95m (10' x 9'8") - A double bedroom having an arch topped double glazed sash window, column radiator and en-suite access into the shower room.
Bedroom Two - 3.45m x 2.34m (11'4" x 7'8") - A second double bedroom having an arch topped double glazed sash window, column radiator.
Shower Room - 2.74m x 1.85m (9' x 6'1") - Appointed with a modern suite comprising a large walk-in shower with a low-profile tray, tiled walls and a mains chrome overhead shower with additional showerhead, wash hand basin sat on a drawer unit and low-level WC with concealed cistern, tiled shelf, vinyl floor covering, inset ceiling spotlights, extractor fan.
Outside - Secure site with remote access codes to gate and block. Underground car park.
Please Note - Tenants are required to pay to the first months rent and deposit, the deposit being equivalent to 5 weeks rent or less, prior to a tenancy commencing.
A holding deposit equivalent to 1 weeks rent or less will be required on making an application for the property, this amount will be deducted from the total required.
The holding deposit will be retained by the landlord/letting agent if false or misleading information is provided which affects a decision to let the property and calls into question your suitability as a tenant While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.
(1) MONEY LAUNDERING REGULATIONS prospective tenants will be asked to produce identification documentation during the referencing process and we would ask for your co-operation in order that there will be no delay in agreeing a tenancy.
(2) These particulars do not constitute part or all of an offer or contract. (3) The text, photographs and plans are for guidance only and are not necessarily comprehensive.
(4) Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully to satisfy yourself of their accuracy.
(5) You should make your own enquiries regarding the property, particularly in respect of furnishings to be included/excluded and what parking facilities are available.
(6) Before you enter into any tenancy for one of the advertised properties, the condition and contents of the property will normally be set out in a tenancy agreement and inventory.
Please make sure you carefully read and agree with the tenancy agreement and any inventory provided before signing these documents.
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
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