2-bedroom flat · DE22 3WJ
For saleListed 397 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious modern apartment is available for sale in a desirable and convenient location near Derby City Centre, currently occupied by a tenant.
This property presents an excellent investment opportunity and is generating annual rental return of £9,600 per year.
The accommodation comprises a hallway accessible through secure communal areas, a generously proportioned kitchen/dining and living area, two well-sized bedrooms, and a bathroom.
Additionally, the exterior features communal gardens and off-road parking, which is secured by electric gates. It is highly recommended to arrange an internal viewing.
Hallway Accessed via secure communal areas, gas central heating radiator, entry phone system, doors to bedrooms and open plan living/dinning/kitchen area.
Lounge/Kitchen A spacious open plan living/dining/kitchen area with laminate flooring and gas central heating radiator, double glazed windows and TV point.
The kitchen area comprises of matching modern wall and base units, integrated oven and hob, fridge/freezer, washing machine, and extractor hood.
Bedroom One With double glazed window and gas central heating radiator. Bedroom Two With double glazed window and gas central heating radiator.
Bathroom Fitted with a three piece suite comprising of paneled bath with shower over, low level wc and wash hand basin, part tiling to walls and central heating radiator.
Outside Accessed via secure electric gates with communal gardens and off road car parking
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 advisors 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
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FAQ
About Flat 5a, 113, Parliament Street, Derbyshire
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