2-bedroom flat · DE1 2DY
For saleListed 286 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within the highly sought-after Nightingale Quarter development, this recently constructed two-bedroom, two-bathroom apartment offers stylish and contemporary city living in the heart of Derby.
Ideally positioned, the property provides excellent access to Derby city centre, including a wide range of shops, restaurants, and transport links, with Derby train station close by.
Finished to a high standard throughout, the apartment is fully equipped with modern appliances, contemporary flooring, and fitted lighting, making it a turnkey opportunity for both owner-occupiers and buy-to-let investors.
The accommodation centres around a bright and spacious open-plan kitchen/living area, enhanced by floor-to-ceiling glazing that floods the space with natural light.
The modern kitchen features sleek cabinetry and a full range of integrated appliances, including an oven, electric hob with splashback, extractor, microwave, dishwasher, washer/dryer, and freestanding fridge freezer.
There is ample space for both dining and lounge furniture, along with a built-in storage cupboard housing the water system.
Both bedrooms are generous double rooms, one of which benefits from mirrored sliding fitted wardrobes.
Each bedroom is served by a stylish en suite bathroom, complete with a WC, vanity unit with storage, and a bath with shower over.
One of the bathrooms also offers dual access from the hallway, providing added practicality for guests.
Externally, residents enjoy access to professionally maintained communal gardens, offering an attractive outdoor space within this well-regarded development.
Value & comps
No previous sales on record.
Returns
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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 Erasmus Street, Derby, Derbyshire, DE1
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