1-bedroom flat · DE72 3PW
Listing removedReduced £10k (−8.3%) on 20 JunListed 211 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Frank Innes is delighted to bring to the market this one bedroom, first floor apartment.
Situated in the popular Victoria Mill in the village location of Draycott, this apartment is sure to be an attractive purchase for any investor's portfolio.
On entry to the apartment is an entrance hall with storage cupboard and doors leading to both living areas and bedroom.
There is an open plan lounge/diner with modern fitted kitchen and a double bedroom as well as a separate family bathroom.
Outside the property benefits from an allocated car parking space set behind a secure gated entrance.
Located in the popular village of Draycott, close to a wide range of local schools, parks and shops.
The property benefits from fantastic transport links including nearby bus stops and easy access to roads including the A52, A50 and M1.
East Midlands Airport and Long Eaton train station are just a short drive away. A viewing is essential to appreciate the space and location on offer!
Entrance Hall Welcoming entrance hall with storage cupboard and doors leading to living room, bedroom and family bathroom. Living Room/ Kitchen Open plan living and kitchen area.
Living space with two windows to the front. Kitchen has a range of wall, base and drawer units with work surfaces, integrated fridge, freezer, electric oven and induction hob.
Bathroom Bath with shower over, WC, hand wash basin and heated towel rail. Bedroom Double bedroom with window to the front. Outside The flat also benefits from an allocated parking space.
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 61 Victoria Mill,, Town End Road, Derby
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