2-bedroom flat · DE72 3PW
Listing removedReduced £5k (−3.1%) on 23 JunListed 182 days
Opportunity summary
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About
Guide price £160,000 - 165,000 - located within the historic victoria mill in draycott, this two-bedroom apartment offers characterful and spacious living.
Set within a Grade II listed building, the property features a unique mezzanine level, an open-plan living area and a well-appointed modern kitchen.
Large windows provide plenty of natural light, enhancing the character throughout.
Ideally positioned for local amenities and transport links, this apartment presents a fantastic opportunity for first-time buyers, couples or those looking to downsize.
A two bedroom third floor apartment set within the sought after victoria mill, A beautiful grade II listed building with stunning communal areas.
Robert Ellis are delighted to bring to the market this impressive apartment which combines character and modern living within one of the area’s most desirable developments.
The property benefits from allocated parking and access to beautifully maintained communal areas, showcasing the charm and heritage of Victoria Mill.
The accommodation comprises a spacious open plan living area, two well proportioned bedrooms with the master benefitting from an en-suite, along with a family bathroom.
A particular feature of the property is the mezzanine level, offering a versatile space ideal for use as a home office, gym or gaming area.
Situated within a sought after location, the property is conveniently placed for local amenities and transport links.
Draycott village has a number of local shops with Co-op stores being found in the nearby villages of Borrowash and Breaston with Tesco, Asda, Lidl and Aldi stores 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.
Communal Hall A beautiful communal hallway with an exposed brick wall and staircase to all floors, including a lift. The property is found on the second floor.
Entrance Hall Wood flooring, electric storage heater, intercom system and fitted store cupboards.
Open Plan Living/Dining Kitchen (5.41m x 6.30m approx (17'9 x 20'8 approx)) Kitchen Area Fitted with a range of matching range of wall and base units with roll edged work surfaces over, inset 11⁄2 bowl stainless steel sink and drainer with mixer tap, four ring induction hob, space for a fridge freezer, integrated dishwasher, integrated washing machine.
Lounge Area Two windows to the rear, wooden flooring, two storage heaters, stairs leading to the mezzanine, exposed brickwork and beams. Mezzanine Suitable as a bar, study, gym or office.
Bedroom 1 (2.03m x 3.10m approx (6'8 x 10'2 approx)) Window to the rear, ceiling spotlights, storage heater and storage cupboard.
En-Suite Tiled bath, circular vanity wash hand basin, fully tiled walls, extractor, mixer tap with shower, shaver point and tiled floor.
Bedroom 2 (3.73m x 2.95m approx (12'3 x 9'8 approx)) Window to the rear, ceiling spotlights and storage heater.
Shower Room Vanity wash hand basin, low flush w.c., single shower cubicle with mains flow shower, heated towel rail, extractor fan, fully tiled walls and floor.
Outside There is an allocated parking space. 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.
9255CO Agents Notes Ground Rent around £150 p.a. And a service charge of £1,200 paid 6 monthly.
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 second floor apartment found in this grade II listed building within this desirable village
Value & comps
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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.
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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.
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Area
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FAQ
About 37 Victoria Mill, Town End Road, Derbyshire
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