2-bedroom flat · DE72 3PW
Listing removedListed 229 days
Opportunity summary
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About
PRICE GUIDE £140-150,000 -A TWO BEDROOM FIRST FLOOR APARTMENT, SELLING WITH NO UPWARD CHAIN - Being found in this desirable village location, ideal for a first time buyer or investor, with accommodation of Hall, plan living/dining kitchen, two bedrooms, ensuite bathroom and shower room.
Allocated parking space.
A SPACIOUS TWO BEDROOM FIRST FLOOR APARTMENT EXTENDING TO OVER 800 SQ.FT., SET WITHIN THE PRESTIGIOUS AND GRADE II LISTED VICTORIA MILL, OFFERED TO THE MARKET WITH NO ONWARD CHAIN.
Robert Ellis are delighted to bring to the market this impressive apartment which seamlessly blends character features with modern living.
The accommodation includes a generous open plan lounge and kitchen fitted with integrated appliances, two well-proportioned bedrooms and a contemporary bathroom, with the master bedroom benefiting from an en-suite.
The apartment also enjoys the convenience of an allocated parking space, making it ideal for both owner occupiers and investors alike.
Situated within the sought-after Victoria Mill development, the property offers excellent access to local amenities, transport links and nearby town centres, while retaining the charm and character associated with this historic building.
Being sold with no onward chain, early viewing is highly recommended to fully appreciate the space, finish and unique setting on offer.
Draycott village has a number of local shops with Co-op stores being found in the nearby villages of Borrowash and Breaston with Tesco and Asda superstores and other retail outlets at Long Eaton, an Asda at Spondon and a Sainsbury's and Costco at Pride Park.
There are schools for older children in Sandiacre and Long Eaton, healthcare and sports facilities which include several local golf courses, walks around the surrounding countryside including Church Wilne and the excellent transport links include J25 of the M1, East Midlands Airport, stations at Derby, Long Eaton and East Midlands Parkway and the A52 and other main roads which provide good access to Nottingham, Derby and other East Midlands towns and cities.
Reception Hall - Wood flooring, cupboard housing the water tank, storage heater, telecom entry system, doors to: Open Plan Living/Dining Kitchen - 6.71m max x 5.69m max approx (22' max x 18'8 max a - Living Area - Two leaded windows to the front, four electric storage heaters, wooden beams to the ceiling, exposed brick wall, wooden flooring.
Kitchen - Wall and base units with work surfaces over, inset stainless steel sink and drainer, Integrated electric oven, four ring induction hob and extractor over, integrated fridge/freezer and dishwasher, integrated washing machine.
Bedroom 1 - 3.28m x 3.12m approx (10'9 x 10'3 approx) - Leaded window to the front, electric storage heater, TV point and built-in cupboard.
Door to: En-Suite - Circular sink with vanity cupboard under, heated towel rail, panelled bath with mains fed shower, low flush w.c., fully tiled walls and floor.
Bedroom 2 - 3.10m x 3.20m approx (10'2 x 10'6 approx) - Leaded window to the front, electric storage heater and ceiling spotlights.
Shower Room - Fully tiled walls, extractor fan, towel rail, circular wash hand basin with vanity cupboard under, low flush w.c., single shower cubicle with mains fed shower.
Outside - Allocated parking space. Agents Notes - The property is leasehold with a 250 year lease which commenced 1.1.04. There is a service charge of £953.46 paid twice yearly.
There are AI photos on the property. Directions - Proceed out of Long Eaton along Derby Road and at the traffic island continue straight over and through Breaston into Draycott.
The mill building can be found just after the second turning on the right hand side with access to the car park being off Town End Road. The communal entrance is sign posted through the car park.
9037CO Council Tax - Erewash Borough Council Band B Additional Information - Electricity – Mains supply Water – Mains supply Heating – Electric Septic Tank – No Broadband – BT, Sky Broadband Speed - Standard 21mbps Superfast 80mbps Ultrafast 1000mbps Phone Signal – EE, Vodafone, 02 Sewage – Mains supply Flood Risk – No flooding in the past 5 years Flood Defenses – No Non-Standard Construction – No Any Legal Restrictions – No Other Material Issues – No A TWO BEDROOM FIRST FLOOR APARTMENT FOUND IN THIS GRADE II LISTED BUILDING
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 Town End Road, Draycott
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