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See how verdicts work2-bedroom flat · DE1 1SB
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An investment opportunity with an income of £9,300 per annum. This two bedroom apartment is located within prosperity house and is available with tenant in situ.
Property and location Offered for sale with no upward chain is this well positioned, two bedroom first floor apartment, situated within the heart of Derby City Centre.
The apartment is accessed via an impressive, front communal entrance, with lifts and stairwell up to the desired floor.
Off an internal hallway, the property offers a large lounge/dining room/ kitchen, two good size bedrooms and family bathroom.
The property would be an ideal first time buy due to its central location, or provides a fantastic opportunity for an investment purchase, with a potential rental yield over 15%.
Prosperity House is situated in Derby City centre; which has a vast array of local amenities, such as bars, restaurants and shops.
The property is well connected with transport links, with the Bus station and Railway station close by, along with all major road links out of the City.
Entrance hall With access to the bathroom and open plan into the living area.
Lounge/kitchen/diner 18' 0" x 13' 7" (5.49m x 4.14m) The kitchen is fitted with a range of matching wall and base units, complemented by work surfaces.
It also features a sink with drainer, as well as an integrated oven, hob, and extractor hood.
The lounge area is bright and airy, benefiting from two double-glazed windows that allow plenty of natural light.
Bedroom one 11' 4" x 10' 9" (3.45m x 3.28m) With double glazed window and Jack and Jill access to the bathroom.
Bathroom/W.C Fitted with a three piece suite comprising of low level w.c, wash hand basin and bath with shower over.
Bedroom two 14' 4" x 7' 11" (4.37m x 2.41m) With double glazed window and storage cupboard. Lease information Lease Length: 250 years from 01.12.2016 = 241 years remaining.
Service Charge: £2345 every 6 months Ground Rent: £250.00 pa
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 advisers before making any investment decisions.
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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
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FAQ
About 003 Prosperity House, Gower Street, Derbyshire, United Kingdom
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