2-bedroom flat · DE73 6UF
Listing removedReduced £30k (−37.5%) on 20 JunListed 300 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A delighful two bedroom apartment in a popular location, and offering generous size rooms thorughout.
This property is currently tenanted on a periodic contract generating annual rental income of £9240.
Upon entering the property, you will find an entrance hallway that provides access to the two double bedrooms at the front of the apartment, both of which are carpeted.
The family bathroom features tiled flooring and walls, a low-level WC, a panelled bath, and a pedestal sink.
The large living area is also carpeted, while the ample-sized kitchen at the rear has tiled flooring.
The kitchen includes roll-top preparation surfaces, wooden fitted wall and base units, a one-and-a-half bowl sink with a mixer tap and drainer, and an integrated electric oven with a gas hob and extractor hood.
There is space for a washing machine and a fridge/freezer. The property benefits from gas central heating and double-glazed windows. Transport links and local schools are easily accessible.
Off-street parking is available at the rear of the property. The main entrance is located on Swarkestone Road, and there are stairs leading to the flats on the first floor a viewing is essential.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional.
Value & comps
No previous sales on record.
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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 starting price
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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.
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.
Area
Agent & docs
FAQ
About Flat 5, Harpur Crewe House, 3, Swarkestone Road, Derby
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