2-bedroom flat · DE22 3TU
For saleReduced £5k (−3.8%) on 22 JunListed 270 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A well presentedtwo bedroom first floor apartment with parking in a sought after location on Ashbourne Road offered for sale with no onward chain.
Description A well presented first floor apartment in a sought after location on Ashbourne Road offered for sale with no onward chain.
The accommodation would ideally suit a first time buyer or buy to let investor and the layout in brief comprises a hallway accessed via secure communal areas, light and spacious open plan living kitchen, two double bedrooms and bathroom.
Outside can be found allocated off road parking. The property is well placed for access to Derby City, The Royal Derby Hospital, University Campuses, and road links with the A38 and A52.
An early internal viewing comes highly advised. Please contact Ashley Adams for a rental income estimate on this property.
Agents Note This property has an offer accepted subject to contract but is still currently available to view.
Hallway Accessed via secure communal areas, with entry phone and electric heater Open Plan Lounge/Kitchen/Diner 32' 1" x 11' 8" ( 9.78m x 3.56m ) Fitted with wall and base units, work surfaces with inset sink and drainer, oven and hob with stainless steel splash back and cooker hood, space for fridge/freezer and washing machine, electric heater and two double glazed windows.
Bedroom One 11' 6" x 11' 4" ( 3.51m x 3.45m ) Double glazed window and electric heater. Door to en suite. En Suite With double shower and heated towel rail.
Bedroom Two 11' 6" x 8' 10" ( 3.51m x 2.69m ) Double glazed window and electric heater. Bathroom Fitted with a bath, low level W.C. And wash hand basin, heated towel rail and part tiled walls.
Outside Allocated parking space. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract. 3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Potential buyers are advised to recheck the measurements before committing to any expense. 5.
Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6.
Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
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FAQ
About Apartment 22, Vicarage Place, 55, Ashbourne Road, Derby
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