2-bedroom flat · DE1 1SB
For saleListed 631 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment Opportunity - Immediate income with tenant in situ generating a rental income of £9,000 per annum.
A spacious two bedroom apartment located in the Prosperity House development in Derby city centre.
The property itself benefits from a large open plan living space, modern white kitchen with appliances, two large double bedrooms and a modern family bathroom.
Neutrally decorated throughout and secure entry-phone access. Double glazing and electric heating. Lease Information Lease Length: 250 years from 01.12.2016 = 241 years remaining.
Service Charge: £2345 every 6 months Ground Rent: £250.00 pa Tenure: Leasehold, Length of lease (remaining): 241 years 5 months,
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
Agent & docs
FAQ
About Gower Street, Derby, DE1
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