1-bedroom flat · DE24 8YR
For saleListed 293 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a ground floor apartment requiring some modernisation, benefitting from residents only parking to rear and garden. The property comprises entrance hall, lounge, kitchen, bedroom and bathroom.
The property is sold with the benefit of no upper chain and would be ideal for first time buyer or a buy to let investment.
The Location - The property is close to an excellent range of amenities including schooling, shops, easy access into Derby City Centre and nearby transport links as well as regular bus services.
Accommodation - Entrance Hall - 4.47 x 0.86 (14'7" x 2'9") - Entrance door provides access to hallway with useful storage space. Lounge - 3.59 x 3.22 (11'9" x 10'6") - With window to rear.
Kitchen - 2.48 x 1.77 (8'1" x 5'9") - Having roll edge worktops, tiled surround, inset sink unit, fitted base cupboards, complementary wall mounted cupboard and appliance space suitable for washing machine and cooker.
Bedroom - 3.17 x 2.83 (10'4" x 9'3") - With electric heater and window to front. Bathroom - 2.39 x 1.48 (7'10" x 4'10") - Comprising low flush WC, pedestal wash handbasin and bath with shower over.
Outside - To the front of the property there is a small courtyard. To the rear, is an enclosed garden and beyond this there are residents parking spaces and useful outbuilding.
Tenure - Please note, we have been informed by the vendor that there is an annual estate service charge of £1500 and an annual ground rent charge of £60.
We have also been informed by the vendor that there are 93 years remaining on the lease. Should you proceed with the purchase of this property this must be verified by your solicitor.
Council Tax Band A -
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 Wilkins Drive, Allenton, Derby
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