2-bedroom flat · DE1 2EL
For saleListed 171 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***no onward chain*** A spacious modern two double-bedroom apartment with integrated appliances, open plan living and on-site gym.
Would make both a great investment or home in the hustle and bustle of the city centre!
Being sold with no onward chain, this modern two-bedroom first-floor apartment (with lift)set within the popular Nightingale Quarter development in the heart of Derby is currently used as a successful rental investment (achieving £995pcm) however, is also open to owner-occupiers making this a great first home.
The property comprises of a functional L shaped kitchen/diner/lounge space, giving each it's own area whilst still having the benefits of the open plan space.
A storage cupboard is conveniently located by the front door and the kitchen features modern high-gloss fitted cabinets and integrated appliances (dishwasher, washing machine with dryer, induction hob with extractor over and a fan oven as well as a freestanding fridge/freezer).
The property has two sizable double bedrooms both of which feature fitted mirrored wardrobes and large windows flooding the space with natural light.
The modern bathroom features a bath with shower over, hand-wash basin with cabinet and a W/C. You'll also be able to make use of the on-site gym and green spaces.
There is also residential parking which can be purchased at an additional charge.
Location: 0.4 Miles - Derby Train Station 1.4 Miles - Pride Park 2.0 Miles - University of Derby 2.3 Miles - Royal Derby Hospital 2.3 Miles - A38 material information: Tenure: Leasehold Lease Length: 250 years from and including 1 October 2023 and to and including 1 October 2273 Service Charge: £1,200 p/a (billed twice per year) Ground Rent: Peppercorn Ground Rent Review Period: N/A Ground Rent Review Amount: N/A Next Ground Rent Review: N/A Local Authority: Derby City Council Council Tax Band: A Parking Arrangements: Not included, can be arranged for an additional fee.
Property Construction: Standard brick Electricity Supply: Mains Water Supply: Mains Sewerage: Mains Heating Supply: Electric Broadband: Ultrafast (Openreach & ofnl) Mobile Signal Coverage: Good Outdoor & In-home (EE, O2, Three & Vodafone).
Please refer to Ofcom for further information. Building Safety Issues: None Restrictions: No parking of caravans, boats, trailers or commercial vehicles in residential parking areas.
No on street parking at all.
Rights & Easements: None Past or Present Planning Permissions or Applications: No Is the Property Located in a Coalfield or Mining Area: No agents note: We have not tested any of the electrical, central heating or sanitaryware appliances.
Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale.
All room measurements and mileages quoted in these sales particulars are approximate.
In line with The Money Laundering Regulations 2007 we are duty bound to carry out due diligence on all our clients to confirm their identity.
Rather than traditional methods in which you would have to produce multiple utility bills and a photographic id we use an electronic verification system.
This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.
Fixtures and fittings: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded.
However, we would always advise that this is confirmed
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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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.
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FAQ
About Apartment 121, Fox House, 2, Erasmus Drive, Derbyshire
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