2-bedroom flat · DE56 1HE
For saleListed 88 days
Opportunity summary
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About
This first floor apartment is located within the highly popular over 60's development of Meadow Court, which is located behind Riverside doctors surgery, just a few minutes walk from local shops, amenities and public transport links found in the town centre.
Accommodation comprises an entrance hallway/staircase, first floor hallway, light and spacious lounge/dining room, a modern and comprehensively fitted kitchen, a modern shower room with a white three piece suite, one double bedroom with built in wardrobes and a single bedroom/sitting room/study To the outside of the property are well maintained communal grounds and ample parking for residents and visitors.
There is a communal social room and laundry room if residents chose to use. Warden facilities are optional.
An internal inspection is highly recommended to fully appreciate this lovely, well maintained flat.
The Location - Located in the heart of Belper Town Centre, behind Riverside doctors surgery, just a few minutes walk from local shops, amenities and public transport links found in the town centre.
Belper Train Station is a short walk away and provides regular services to Derby, Matlock and major cities. London St Pancras is within a two hour commute.
The A6, running through Belper provides easy access to the Peak District and further afield. The A38 and M1 are within a short drive.
Accommodation - Entrance Hall - Having a wood grain effect LVT floor, a double glazed door with obscure glass insert to the front and stairs lead off to the first floor.
Hallway - 2.96 x 0.87 (9'8" x 2'10") - Having a wood grain effect LVT floor and a wall mounted electric heater.
Lounge/Dining Room - 5.08 x 3.41 (16'7" x 11'2") - With two double glazed windows to the front elevation, a wood grain effect LVT floor and a wall mounted electric heater.
Kitchen - 2.84 x 2.49 (9'3" x 8'2") - Comprehensively fitted with a range of modern base cupboards, drawers and eye level units with a complementary quartz work surface over incorporating Belfast sink with mixer tap and draining area.
Appliances include an electric hob, extractor fan, extractor hood with light, dishwasher, refrigerator and freezer.
There is an additional larder unit which provides excellent storage space, inset spotlighting to the ceiling, under lighting to the units and a double glazed window to the rear.
Having a wood grain effect LVT floor Bedroom One - 3.52 x 2.97 (11'6" x 9'8") - Having a double built-in wardrobe with sliding doors with mirrored fronts providing excellent hanging and storage space.
There is an additional fitted cupboard with overhead units and a UPVC little glazed window to the front elevation.
Bedroom Two - 2.52 x 2.33 (8'3" x 7'7") - Having a wood grain effect laminate floor, a wall mounted electric heater and a UPVC double glazed window.
An over stairs cupboard provides excellent storage space.
Modern Shower Room - 2.07 x 1.67 (6'9" x 5'5") - Appointed with a three piece suite comprising a double walk-in shower cubicle with splashback boarding, a glass shower screen and an electric shower over, a vanity wash handbasin with useful cupboards beneath and an inset low flush WC.
Having a wall mounted chrome heated towel rail, a built-in cupboard providing excellent storage space, a wall mounted bathroom cabinet with mirrored doors, extractor fan and access is provided to the roof space.
Outside - Meadow court is beautifully presented with communal gardens and car park for residents and visitors with an additional laundry room and warden on site, all of which are covered within the service charge.
Tenure - We are informed by the vendor that the property is Leasehold and management fees are £1700 per annum, paid in two instalments..
The management fees cover ground rent, buildings insurance, maintenance of communal gardens and facilities, window cleaning, water and warden support should it be required.
There is also a Laundry Room. You are advised to have this clarified by your legal adviser prior to exchange of contracts and all details can be provided by the vendor's legal representative.
We understand from the vendor that there are 82 years remaining on the lease, however buyers will need to have this verified by their legal representative prior to exchange of contracts.
The development is for over 60's occupation. Council Tax Band B - Estate Management Fees - Please note, we have been informed by the vendor that there is an annual estate service charge of £1,700.
and a ground rent fee of £10. Should you proceed with the purchase of this property this must be verified by your solicitor.
Value & comps
No previous sales on record.
Returns
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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 Meadow Court, Belper, Derbyshire
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