2-bedroom house · DE22 3EB
To rentListed 50 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of Derby, a short walk from the vibrant city centre, this is a well appointed two bedroom apartment which benefits from central heating and double glazing.
Set within managed communal gardens the spacious apartment briefly comprises a communal entrance hall with staircase leading to the first floor where a door opens into the property.
There is a spacious hallway which gives access to a lounge with balcony, kitchen with integrated appliances, two bedrooms, the master bedroom with en-suite and a bathroom with shower attachment over the bath.
Outside the property benefits from being within a gated environment and there are managed communal gardens aswell as one allocated car parking space.
Mil Gate is a much sought after residential location in the heart of the city a short walk from the city centre with its wealth of bars, restaurants and the Derbion shopping centre.
The apartment is a short walk from both Markeation Park and Darley Park offering delightful countryside walks aswell as being within easy reach of the main campus of Derby University.
The property is perfectly positioned for ease of access to the A38 giving onward travel to the A50, A52 and M1 corridor. Viewing highly recommended.
Accommodation - Entering the property the property through a communal entrance door with staircase leading to the first floor. Entrance Hall - With intercom system, radiator and coat hanging space.
Lounge - 5.13m x 4.19m (16'10" x 13'9") - (Maximum measurement) With a useful storage cupboard, with further cupboard above, double glazed doors opening to a balcony with delightful views over the managed communal gardens.
Two radiators. Kitchen - 2.36m x 3.73m (7'9" x 12'3") - (Maximum measurement) With a range of work surface/preperation areas, wall and base cupboards and an integrated double oven, hob and extractor.
The kitchen has a stainless steel sink unit with drainer and there is an integrated dishwasher, integrated washing machine and space for a freestanding fridge/freezer.
The room has a small space available for a table and chairs.
Bedroom One - 5.16m x 2.92m (16'11" x 9'7") - (Maximum measurement plus lobby area) The spacious master bedroom has a window overlooking the communal gardens and fitted wardrobes.
Access to: En-Suite - With low level WC, wash hand basin and shower cubicle with glazed screen. Bedroom Two - 3.43m x 2.62m (11'3" x 8'7") - With double glazed window to the rear and radiator.
Bathroom - 2.11m x 2.41m (6'11" x 7'11") - With modern low level WC, wash hand basin with storage cupboards and bath with shower attachment over the bath, complementary tiling and heated towel rail.
Outside - Outside the property benefits from one allocated car parking space and managed communal gardens with gated access to Ashbourne Road.
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.
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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
About Ashbourne Road, Derby
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