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See how verdicts work2-bedroom flat · DE72 3PW
Listing removedListed 592 days
Opportunity summary
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About
Price guide £160,000-£170,000.
This is A two double bedroom ground floor apartment found in this grade II listed building - Being found in this desirable village location, the accommodation comprises of an open plan living/dining kitchen with a mezzanine floor, two double bedrooms, en-suite to the master bedroom and mail shower room.
Allocated parking space. A two bedroom ground floor apartment gound in this grade II listed building.
Robert Ellis are delighted to offer to the market this superb ground floor apartment situated in the sought after Grade II listed building of Victoria Mill in Draycott.
The property offers all the character you’d expect within a converted mill building from high ceilings, large lead framed windows, exposed beams and brickwork.
There is an open plan living kitchen diner with the huge bonus of a mezzanine providing a great space for an office, relaxing spot or gaming area.
There is an en-suite to the master bedroom which is one of two double bedrooms. There is a telecom service in addition to beautiful communal entrances and the eye catching stair wells.
There is one allocated car parking space securely locked at night behind electric gate. The property offers a modern contemporary living within a beautiful converted building.
In brief the ternal accommodation comprises of a communal area, hallway, living kitchen diner, mezzanine, two double bedrooms with an en-suite to the master and a main shower room.
Located in the popular Derbyshire village of Draycott, offering a semi rural lifestyle whilst being located just a short drive away from Long Eaton town centre where supermarkets, shops and healthcare facilities can be found.
There are fantastic transport links available including nearby bus stops and easy access to major road links such as the M1, A50 and A52 to both Nottingham and Derby with local train stations and East Midlands Airport a short drive away.
Entrance Hall Communal entrance leading to the entrance hall which has wooden flooring, telecom service, electric heater, storage cupboard and door to: Living/Kitchen Diner (5.54m max x 4.80m plus recess (18'2 max x 15'9 plu) Two windows to the front, wooden flooring, three electric heaters.
Kitchen Area With a range of matching wall and base units with work surfaces over, stainless steel sink and drainer, space for a fridge freezer, four ring induction hob, electric oven, overhead extractor.
Mezzanine (4.60m x 2.79m approx (15'1 x 9'2 approx)) Bedroom 1 (2.77m x 3.68m approx (9'1 x 12'1 approx)) Window to the front and electric heater.
En-Suite Laminate flooring, double shower cubicle, extractor fan, vanity wash hand basin and low flush w.c.
Bedroom 2 (2.87m x 5.11m approx (9'5 x 16'9 approx)) Two windows to the front and electric heater.
Shower Room Single shower cubicle, pedestal wash hand basin sat on a surface with vanity cupboard under and mirror to the wall above, fully tiled walls and low flush w.c., towel radiator and tiled floor.
Directions Proceed out of Long Eaton along Derby Road and at the traffic island continue straight over and through Breaston into Draycott.
The mill building can be found just after the second turning on the right hand side with access to the car park being off Town End Road. The communal entrance is sign posted through the car park.
8469AMCO Council Tax Erewash Borough Council Band B Agents Notes The property is leasehold with a 250 year lease which commenced 1st January 2004.
Additional Information Electricity – Mains supply Water – Mains supply Heating – Electric Septic Tank – No Broadband – BT, Sky Broadband Speed - Standard 22mbps Superfast 80mbps Phone Signal – EE, 02, Vodafone, Three Sewage – Mains supply Flood Risk – No, surface water low Flood Defenses – No Non-Standard Construction – No Any Legal Restrictions – No Other Material Issues – No A two bedroom ground floor apartment with the benefit of A mezzanine
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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FAQ
About 8 Victoria Mill, Town End Road, Derbyshire
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