2-bedroom flat · DE24 1AE
Sold STCListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very well-presented and spacious, two-bedroom, first-floor apartment located on the popular City Point development, close to Pride Park.
Ideal for both investors and first time buyers, the property benefits from electric heating, uPVC double glazing, a recently refitted en-suite shower room, an allocated parking space and is within walking distance of Alvaston Park and Derby Railway Station!
In brief, the accommodation comprises; Entrance hallway with a storage cupboard, a spacious lounge having a Juliette balcony, a modern fitted kitchen, two double bedrooms, en-suite shower room and a modern fitted bathroom having a three piece suite.
To the outside is one allocated parking space, bin storage and secure building entry.
Panama Circle is situated within the popular area of City Point located within Pride Park on the outskirts of Derby City Centre and is well located for a range of amenities including shops and transport links including Derby Railway Station and bus routes.
Viewings are highly recommended to appreciate the accommodation on offer.
Living Room 12'11" x 13'1" (3.9m x 4.0m) Kitchen 6'6" x 11'3" (2.0m x 3.4m) Bedroom 1 11'10" x 9'1" (3.6m x 2.8m) Ensuite 7'2" x 4'7" (2.2m x 1.4m) Bedroom 2 10'0" x 9'11" (3.0m x 3.0m) Bathroom 5'6" x 6'2" (1.7m x 1.9m) Lease Details Lease: 135 Years Remaining Service Charge: £1900 Per Annum Ground Rent: £136 Every 6 Months Buyer Information: 1.
Anti-Money Laundering (AML) Regulations: We are legally required to verify all purchasers. The cost is £24 (inc VAT) per person. 2.
General: These sales particulars are intended as a general guide only. If any detail is especially important, please contact us—particularly if you’re travelling a long distance to view. 3.
Measurements: All measurements are approximate and provided for guidance only. 4. Services: Services, equipment, and appliances have not been tested.
Buyers should arrange their own surveys or inspections. 5. These details are given in good faith but do not form part of any offer or contract. Information should be independently verified.
Hannells Limited and its employees or agents are not authorised to make representations or warranties regarding the property.
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 advisors 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.
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FAQ
About Panama Circle, City Point
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