2-bedroom flat · DE73 5AS
For saleListed 365 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity for first-time buyers or investors alike, this well maintained two-bedroom top floor apartment offers modern open-plan living, lovely green outlooks and superb convenience in one of Chellaston’s most popular locations.
Tucked away in a pleasant position within the desirable “Bonnie Prince” development, the property enjoys a versatile layout, enhanced by attractive views from its elevated setting.
The well-planned interior briefly comprises: Entrance hall with useful storage cupboard; spacious open-plan lounge and kitchen featuring a Juliet balcony overlooking the green; two bedrooms (a generous double bedroom and a further good size single bedroom); contemporary fitted bathroom.
Residents benefit from a secure communal entrance with intercom access, an allocated parking space to the rear and a communal garden to the front — perfect for enjoying the peaceful surroundings.
Montague Way is ideally positioned for access to a wide range of local amenities within Chellaston, including shops, cafés and highly regarded schools.
Excellent transport links provide easy travel to Derby city centre, the motorway network and East Midlands Airport, as well as regular public transport connections.
Offering a blend of comfort, convenience and style, this attractive apartment presents an outstanding opportunity not to be missed.
Entrance Hall 10'0" x 9'3" (3.0m x 2.8m) Open Plan Living/Kitchen Area 20'11" x 10'5" (6.4m x 3.2m) Bedroom One 12'1" x 9'3" (3.7m x 2.8m) Bedroom Two 10'7" x 6'1" (3.2m x 1.9m) Bathroom 6'9" x 5'5" (2.1m x 1.6m) Additional Information The property is held on a 125-year lease with 105 years remaining as of October 2025.
Ground Rent: £62.50 every 6 months. Service Charge: Approximately £1,110.49 every 6 months. Buyer Information 1.
Anti-Money Laundering (AML) Regulations: We are legally required to verify all purchasers. The cost is £24 (inc VAT) per person. 2.
General: These sales particulars are intended as a general guide only. If any detail is especially important, please contact us—particularly if you’re travelling a long distance to view. 3.
Measurements: All measurements are approximate and provided for guidance only. 4. Services: Services, equipment, and appliances have not been tested.
Buyers should arrange their own surveys or inspections. 5. These details are given in good faith but do not form part of any offer or contract. Information should be independently verified.
Hannells Limited and its employees or agents are not authorised to make representations or warranties regarding the property.
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
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
Agent & docs

FAQ
About Montague Way, Chellaston
Explore nearby