We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · DE3 9EZ
Sold STCReduced £7k (−5.3%) on 26 OctListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Arguably the best example of its type.
A delightful first floor apartment situated within private grounds of only eight dwellings close to shops and amenities with car parking to rear and well tended gardens.
Ideal for the first time buyer, retired couple looking for a bolt hole or investor, this smart and stylish property has been the subject of a comprehensive upgrade by the current owner to offer tastefully decorated high specification accommodation which must be viewed to be appreciated.
Gas centrally heated and UPVC double glazed throughout, the property briefly comprises; entrance porch, reception hall, lounge / dining room, well equipped kitchen boasting a range of integrated appliances, two bedrooms and modern bathroom with three piece suite.
OFFERED FOR SALE WITH IMMEDIATE POSSESSION AND NO UPWARD CHAIN. Porch / Utility - Having UPVC opaque double glazed entrance door, utility area having space and plumbing for automatic washing machine.
The utility area has been refitted with storage cupboards together with a laminated rolled edge working surface.
A timber and glazed door leads to the:- Reception Hall - 'L' shaped and having radiator, ceiling LED downlighters and access to roof space.
Lounge/Dining Room - 3.66m x 3.56m (12' x 11'8 ) - Having television and media connection points, double radiator, coving to ceiling, ceiling LED down lighters and two UPVC double glazed windows to front aspect.
Refitted Kitchen - 2.51m x 2.08m (8'3 x 6'10) - Having a full range of fitted shaker style wall, base and drawer units, woodgrain effect laminated rolled edge working surfaces, complimentary ceramic tiled splashbacks with contrasting floor.
The kitchen boasts a range of integrated appliances to include; inset black glass four ring induction hob together with electric fan assisted oven and grill, canopy extractor hood with down lighter, slimline dishwasher, fridge freezer and waste bin, concealed gas boiler (installed in 2025 and having a 10 year warranty) providing instant domestic hot water and gas central heating, inset granite composite sink top with vegetable preparation bowl, side drainer, hot and cold mixer tap, ceiling LED down lighters and UPVC double glazed window.
Bedroom One - 3.63m x 2.95m (11'11 x 9'8) - Having ceiling LED down lighters, built in bedroom furniture, media connection point, double radiator, coving to ceiling and UPVC double glazed window.
Bedroom Two - 2.82m x 1.78m plus deep door recess (9'3 x 5'10 pl - Having built in bedroom furniture, coving to ceiling, double radiator, ceiling LED down lighters and UPVC double glazed window to rear aspect (offering delightful views over parkland to rear).
Bathroom - Having refitted white three piece suite comprising; low centre flush wc, wash hand basin and vanity unit and panelled bath with feature drench shower over together with handheld attachment, complimentary ceramic tiled splashbacks with contrasting ceramic tiled floor, powder coated heated towel rail, ceiling LED down lighters, coving to ceiling and UPVC opaque double glazed window to rear aspect.
Outside - The property occupies a delightful private position of only eight apartments, in this popular locality and is set within well tended mature grounds with car parking to rear.
Lease Information - The property is available on a 150 year lease from 1981 with 88 years remaining. There is an bi annual maintenance charge of £716.88 plus £15.00 service charge.
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.
Area
Agent & docs
FAQ
About Devonshire Court, Devonshire Drive, Mickleover, Derby
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