1-bedroom flat · DE72 3PW
For saleListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning second floor apartment with an internal lift for ease of access.
The grade 2 listed Victoria Mill, which was originally constructed in 1907, is steeped in local history, not only as an impressive landmark but for having been one of the largest silk mills in Europe.
The accommodation is light bright and airy and includes a large open plan living area with ample dining space, a superb sitting area and stylish kitchen with granite worksurfaces.
There is also a large double bedroom with full height window and an exposed brick wall, a beautiful contemporary bathroom with back lit wall mirror and vanity unit with concealed cistern.
This a superb opportunity to acquire a unique home in a popular village setting with a wealth of amenities including bus links to both Derby and Nottingham.
There is also secure gated allocated off road parking, as well as on road parking and visitor parking.
Living Area - 5.74m x 3.84m (18'10" x 12'7") A lovely bright and spacious room with a full height window to the front, an oak floor covering, electric wall heater, ample dining space with window seat and a roomy living area with TV point and access to the airing cupboard.
Kitchen - 3.58m x 2.79m (11'8" x 9'2") Fitted with a range of base and eye level units with granite worksurfaces and fitted appliances including a one and a half bowl sink unit with mixer tap over, an electric hob, a fan assisted oven and an integrated fridge/freezer and washing machine.
There is also an oak floor and a full height multi pane window with roller blind.
Bedroom - 4.11m x 5.31m (13'6" x 17'5") Spacious double bedroom with a full height window to the front, an attractive exposed brick wall, carpeted flooring and an electric wall heater.
Bathroom - 2.39m x 1.88m (7'10" x 6'2") Stunning refitted bathroom with a three piece suite including a large bath with shower over, vanity unit with sink and back light mirror over, plus a back to the wall WC with a concealed cistern.
This is a very stylish bathroom with quality fittings and plenty of space.
Parking One allocated secure gated parking space is provided in the carpark adjacent to the property, plus there are several extra spaces for visitors and ample on street parking.
Value & comps
No previous sales on record.
Returns
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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 Victoria Mill, Town End Road, Draycott, Derby
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