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See how verdicts work1-bedroom flat · DE24 9JP
For saleListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property This well-presented ground floor flat offers a practical and low-maintenance layout, making it an ideal choice for first-time buyers, downsizers, or investors.
The accommodation comprises a welcoming hallway leading into a comfortable living room, providing a bright and relaxing space for everyday use.
The fitted kitchen is well arranged with ample storage and worktop space, breakfast bar and oven included, suitable for modern living.
The property is ready to move into and features a well-proportioned double bedroom and bathroom with WC, bath and electric shower.
It is served by eco-friendly electric heating and UPVC double glazing throughout and is surrounded by lawns and pedestrian paths.
The property is situated in a quiet and up-and-coming residential suburb of Derby, Shelton Lock and Allenton, convenient for easy access (5 minutes) to Rolls Royce Sinfin and Moorways Sports Village and Water Park.
It has good local amenities including pub/restaurant, parish church and large local concenience store - all on your doorstep.
There is ample offstreet parking and good transport links to nearby amenities and regular bus service as well as access to major road networks, making it a practical location for commuters.
Overall, this is a well-balanced home offering comfortable living space, ease of maintenance, and a convenient setting close to everyday amenities.
Property ownership information Ground rent review period: No review period Service charge review period: No review period Lease end date: 05/04/2115 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Morningside Close, Derby, DE24
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