2-bedroom flat · DE7 8GU
Listing removedListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold with vacant possession and no onward chain is this spacious two-bedroom split-level apartment, forming part of the private Erewash Works apartment complex in Ilkeston.
The accommodation comprises: Entrance hall, open-plan kitchen/living area, shower room and bedroom, with stairs leading to a further bedroom.
The property also benefits from electric heating and uPVC double glazing.
Conveniently located for Ilkeston railway station, local shops, amenities and road links towards Nottingham, Derby and the M1, the property would make an ideal purchase for a first-time buyer, commuter or investor.
Viewing is recommended.
Entrance Hall External staircase to private composite access door opening to entrance hall with intercom, opaque uPVC double glazed windows, electric wall mounted heater and Karndean wood effect floor covering.
Kitchen / Living Area Having a range of modern high and low level wall and base units with wood effect rolled edge work surfaces and complimentary splash back tiling, electric built-in oven, four ring electric hob with stainless steel extractor hood over, stainless steel sink unit with mixer tap, electric wall mounted heater, TV point, 2 x uPVC double glazed windows and Karndean wood effect floor covering Bedroom Two Electric wall mounted heater, carpet floor, TV point and uPVC double glazed window.
Shower Room A white three piece suite comprising shower cubicle with electric shower, pedestal wash hand basin and low flush WC, electric chrome effect towel heater, extractor fan, Karndean wood effect floor covering and opaque uPVC double glazed window Staircase Staircase lead from the Hallway to the Master Bedroom Bedroom One (3.48m (11'5") x 2.29m (7'6")) Electric wall mounted heater, carpet floor, TV point and uPVC double glazed window.
Outside Secured gated access to communal courtyard. Leasehold Information We have been advised by the vendor that the property is held on a leasehold basis.
Ground rent: £250 per annum Service charge: £1378.58 per annum, plus £448.08 reserve Ground rent review: Jan 2027 Ground rent review period: 10 years Lease expiry date: 31/12/2266 Years remaining on lease: 240 Block / management agent: R.M.G.
Resident Management Group Full details, including confirmation of the lease terms, charges, review provisions and management arrangements, should be verified by the seller’s solicitor.
Additional Information Utilities We understand that the following mains services are connected to the property: Electricity, water and sewerage. No gas. Heating is provided by electric heating.
Water Meter We understand that the property is served by a water meter.
Broadband According to available checker information, the estimated maximum download speed available at the property is approximately 1000 Mbps.
The broadband type available is understood to be ultrafast.
Mobile Coverage Information obtained from the Ofcom mobile and broadband coverage checker indicates that EE, Three, O2 and Vodafone provide good outdoor coverage in the area.
Council Tax Council Tax Band: A Local Authority: Erewash Borough Council Construction We understand the property is of traditional construction.
Restrictive Covenants and Easements Restrictive covenants: Yes Easements: Yes The title is understood to include restrictive covenants and/or easements where marked above.
These can be common within residential titles, and buyers should confirm the full legal position with their solicitor as part of the normal conveyancing process.
Coalfield / Mining Area The property is located within a Coal Authority reporting area. Buyers may wish to obtain a coal mining report and should raise any related enquiries through their solicitor.
Aml Compliance Checks In accordance with the UK Money Laundering Regulations, we are required to carry out Anti-Money Laundering (aml) checks on all buyers.
This includes identity verification, sanctions screening, and Politically Exposed Persons (pep) checks, along with ongoing monitoring.
A fee of £30.00 per person (inclusive of VAT) will be payable to cover the cost of these checks.
Buyers will be required to provide proof of identity, proof of address, and evidence of the source of funds before we can proceed with the sale.
Disclaimer These particulars are produced in good faith and are intended as a general guide only. They do not form part of any offer or contract.
All measurements are approximate and have been taken internally using an electronic laser device.
Any appliances, systems, services, heating installations or equipment referred to have not been tested by All Agreed Limited.
Information relating to tenure, boundaries, rights of way, restrictions, covenants, planning, building regulations, services, council tax, broadband, mobile coverage, flood risk, leasehold charges or any other matters is provided in good faith from information supplied by the vendor, information held on file and/or publicly available sources where applicable.
Prospective purchasers should satisfy themselves as to the accuracy of all information by inspection, survey, searches, enquiries and through their conveyancer before exchange of contracts.
Photographs, images and floor plans are for illustrative purposes only and may not show the current condition of the property.
Fixtures, fittings, furniture and appliances shown may not be included in the sale unless specifically agreed.
The property is offered subject to contract and availability, and marketing materials may be updated, amended or withdrawn without notice.
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 Apartment 10,, Erewash Works, Ilkeston
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