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See how verdicts work1-bedroom flat · DE7 8GU
For saleListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Chain free two bedroom duplex apartment within a character conversion, ideal for investors and available with a tenant in situ, offering immediate rental income or perfect for a first time buyer!
Description Burchell Edwards Estate Agents in Ilkeston are pleased to bring to market this chain free well presented two bedroom duplex apartment within the characterful Erewash Works development, ideally located close to Ilkeston town centre and local amenities.
The property is perfect for investors, with the option to be sold with a tenant in situ, providing immediate rental income.
Internally, the accommodation is arranged over two levels and briefly comprises an entrance area leading into a spacious open plan kitchen living room with high ceilings and tall windows allowing for plenty of natural light.
The fitted kitchen offers a range of modern units, work surfaces and appliance space. A contemporary shower room completes the ground floor.
To the first floor, a generous landing provides access to two good sized bedrooms.
The main bedroom is an impressive space with skylights and ample room for furnishings, while the second bedroom offers versatility as a guest room or home office.
Externally, the development benefits from a communal courtyard setting and secure entry.
Located within easy reach of transport links, shops and schools, this unique home blends character features with modern living and represents an excellent opportunity for first time buyers or investors alike.
Viewing is highly recommended to fully appreciate the space, layout and convenient position on offer within this attractive converted building in Ilkeston today now.
Kitchen / Living Room A bright and spacious open plan area with high ceilings and large windows.
The living area offers ample space for seating and dining, while the kitchen is fitted with modern units, worktops and integrated cooking facilities with space for appliances.
Shower Room Fitted with a contemporary three-piece suite comprising a shower enclosure, wash basin and WC, finished with modern tiling.
Bedroom One A generous principal bedroom featuring skylights, creating a bright and airy atmosphere, with plenty of space for bedroom furniture and storage.
Bedroom Two A versatile second bedroom, ideal as a guest room, home office or additional living space.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract. 3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Potential buyers are advised to recheck the measurements before committing to any expense. 5.
Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6.
Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
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FAQ
About Flat 12, Erewash Works, 34a, Wood Street, Ilkeston
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