2-bedroom flat · DE1 3FF
To rentListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two double bedroom third floor apartment with superb open plan living dining kitchen including all appliances located a short distance away from the city centre.
The gas centrally heated and double glazed accommodation comprises, main entrance door opening into a large open plan living dining kitchen with island and integrated appliances, two double bedrooms the main having ensuite access into the main three-piece bathroom with shower over bath.
The property is within a securely accessed development close to useful local shopping, a comprehensive array of amenities and facilities can be found within Derby city centre.
Accommodation - Ground Floor Communal Hallway - Stairs leading to all floors. First Floor - Lobby - Shared with one other apartment.
Entering the property into: Open Plan Living Dining Kitchen - 7.54m x 3.99m (24'9" x 13'1") - With plentiful space for dining and lounge furniture, vinyl flooring throughout, two double glazed sash windows with fitted roller blinds allowing for natural light, two column central heating radiators, telephone intercom, media connections and inset ceiling spotlights.
The kitchen is appointed with a good range of fitted wall and base units with two-tone matching cupboard and drawer fronts, low profile laminate works surfaces, matching island, stainless steel sink and drainer, integrated appliances include an electric oven, electric hob extractor fan, fridge, freezer, washing machine and dishwasher.
Bedroom One - 3.23m x 3.15m (10'7" x 10'4") - Having a front facing double glazed sash window with a fitted roller blind, central heating radiator, inset ceiling spotlights, media connections and ensuite access into the main bathroom.
Bedroom Two - 2.87m x 2.31m (9'5" x 7'7") - A second double bedroom having a rear facing double glazed sash window with a fitted roller blind, column radiator, inset ceiling spotlights.
Bathroom - 2.74m x 1.88m (9' x 6'2") - Appointed with a white three-piece suite comprising a ‘P’ shaped panelled bath with an enlarged showering area, matching screen, mains chrome shower over, wash hand basin with a drawer unit beneath, low-level WC with concealed cistern, tiled shelf, chrome towel radiator, inset ceiling spotlights.
Kings Crescent Utilities - The Kings Crescent development uses a 'Communal Heat Network' to provide gas central heating to each dwelling.
A third party provider, Ginger Energy, offer a comprehensive recharging service to each individual tenant.
Within each dwelling there is a Heat Interface Unit (HIU), which is sometimes known as a heat box. The HIU enables each Resident to control the time of usage and the temperature required.
It also measures individual consumption, so that billing can be produced. Due to the set up of this system, Ginger are the only provider available.
The choice of Electricity provider is available to each resident.
Please Note - Tenants are required to pay to the first months rent and deposit, the deposit being equivalent to 5 weeks rent or less, prior to a tenancy commencing.
A holding deposit equivalent to 1 weeks rent or less will be required on making an application for the property, this amount will be deducted from the total required.
The holding deposit will be retained by the landlord/letting agent if false or misleading information is provided which affects a decision to let the property and calls into question your suitability as a tenant While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.
(1) MONEY LAUNDERING REGULATIONS prospective tenants will be asked to produce identification documentation during the referencing process and we would ask for your co-operation in order that there will be no delay in agreeing a tenancy.
(2) These particulars do not constitute part or all of an offer or contract. (3) The text, photographs and plans are for guidance only and are not necessarily comprehensive.
(4) Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully to satisfy yourself of their accuracy.
(5) You should make your own enquiries regarding the property, particularly in respect of furnishings to be included/excluded and what parking facilities are available.
(6) Before you enter into any tenancy for one of the advertised properties, the condition and contents of the property will normally be set out in a tenancy agreement and inventory.
Please make sure you carefully read and agree with the tenancy agreement and any inventory provided before signing these documents.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Kings Crescent, Edward Street, Derby
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