1-bedroom flat · DE22 3BW
For saleListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a well-presented, one double bedroom ground floor flat occupying a popular part of Derby on Radbourne Street.
The property has been recently refitted with new flooring throughout and is sold with the benefit of no upper chain.
The flat features a secure communal entrance hall, private entrance door to hallway, two useful storage cupboards, spacious lounge with access to a balcony/terrace, newly fitted dining kitchen, double bedroom and bathroom.
The property is set within communal grounds and benefits from a single garage, second to the right of the block.
The Location - The property's location in the West End of Derby offers easy access to a full range of amenities in the city centre as well as Markeaton Park and excellent transport links and schooling.
Accommodation - Hallway - 2.55 x 1.08 (8'4" x 3'6") - A communal entrance door provides access to communal hall with private entrance door to hallway which benefits from an entry intercom system and two useful storage cupboards.
Lounge - 4.01 x 3.09 (13'1" x 10'1") - With electric storage heater, French door to balcony/terrace overlooking communal gardens to front and open access to the kitchen.
Dining Kitchen - 4.11 x 2.34 (13'5" x 7'8") - Comprising a quartz effect worktop, tiled surround, inset stainless steel sink unit, fitted base cupboards and drawers, complementary wall mounted cupboards, electric hob with extractor hood over, built-in oven, appliance space suitable for fridge freezer and washing machine and two double glazed windows to rear.
Double Bedroom - 3.50 x 2.56 (11'5" x 8'4") - Having electric storage heater, fitted cupboard and double glazed window to front.
Bathroom - 2.33 x 1.53 (7'7" x 5'0") - With white suite comprising low flush WC, pedestal wash handbasin, bath with electric shower over, wall mounted electric heater and double glazed window to rear.
Outside - The property is set within communal grounds and benefits from residents parking and single garage.
Council Tax Band A - Estate Management Fees - Please note, we have been informed by the vendor that there is an approximate biannual estate service charge of £650 and that all residents own a proportion of the freehold.
Should you proceed with the purchase of this property this must be verified by your solicitor.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
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