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See how verdicts work2-bedroom flat · DE1 3RH
Sold STCListed 192 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A top floor, two double bedroom, two bathroom, spacious apartment with superb open plan living dining kitchen and garage in the much favoured Chester Green area immediately adjoining the city centre No Chain.
A top floor, two double bedroom, two bathroom, spacious apartment with superb open plan living dining kitchen in the much favoured Chester Green area immediately adjoining the city centre.
The principal bedroom has an en-suite whilst bedroom two has shared access to the main bathroom.
An ideal set-up for two people buying together or for buy to let investors seeking professional sharers.
Residents are attracted to Chester Green due to its close proximity to the city centre, quick access to the riverside cycle path leading to Pride Park, Wyvern and Raynesway along with the splendid Darley Park, Darley playing fields and Chester Green itself.
Accommodation - Entrance Hallway - Main front door, telephone intercom, radiator Open Plan Living Dining Kitchen - 5.99m x 4.88m (19'8 x 16'0) - A superb space having a corner sofa, dining table and chairs, storage and display units, Juliet style balcony, fitted kitchen units with matching cupboard and drawer fronts, laminate work surfaces, electric oven, gas hob and extractor fan over, Integrated fridge, freezer and dishwasher, stainless steel sink and drainer, inset ceiling downlighters and radiators Utility Cupboard - Having an automatic washing machine and housing the boiler, also providing storage space Bedroom One - 3.00m x 2.92m (9'10 x 9'7) - A spacious double bedroom with double glazed window, twin built in wardrobes, radiator and private access into: Lease Details - 999 year lease in 2005 Managed By Dove Property Management Service charge is currently £468.67 for 6 months Ensuite - Double width shower cubicle, wash basin and WC, Velux window, extractor fan and radiator.
Bedroom Two - 3.02m x 2.59m (9'11 x 8'6) - A second generous double bedroom with double glazed window, radiator and access into the main bathroom (also accessed from the hallway.) Bathroom - 2.59m x 1.85m (8'6 x 6'1) - Bath with shower over, wash basin and WC neatly fitted into a storage unit, tiled floor, double glazed window and radiator.
Outside - Street parking requiring a residents permit available from the City Council. The apartment also comes with an integral garage providing secure parking/storage.
Please Note - The marketing photographs shown were taken prior to the previous tenancy. The property is now vacant and offered for sale with no upward chain and immediate vacant possession.
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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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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