2-bedroom flat · DE22 2HT
Sold STCListed 53 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A maisonette the size of a house being sold with the freehold title, offering two double bedrooms, spacious lounge diner, utility, driveway and garage, being sold with no upward chain.
Located with great access to the University and A38, the property benefits from gas central heating, double glazing and has 764 sq ft of living space.
Located on the first floor there is a useful entrance porch, kitchen, utility room, lounge diner, two double bedrooms and a bathroom with a three piece suite in white.
There is a driveway located to the rear providing off street parking for two cars leading to the brick built single garage. Viewing is essential. Tenure- This property is being sold with the freehold.
The ground floor flat has a lease for 999 years from 1st July 1981 and it is a peppercorn ground rent payable. There is no service charges as no communal areas.
Entrance Porch (2.54m x 1.32m) UPVC double glazed door. UPVC double glazed windows to the rear and side. UPVC double glazed door to the kitchen.
Kitchen (4.85m x 2.36m) UPVC double glazed window to the rear. Matching wall and base units, roll edge work surface with a single sink drainer and mixer tap.
Integral electric oven, electric hob and extractor over. Space for a fridge freezer. Heated towel rail, coving, doorway to the utility, open plan to the lounge diner and door to bedroom one.
Utility Room (2.95m x 2.36m) UPVC double glazed window to the side. Matching wall and base units, roll edge work surface with a belfast style sink and mixer tap.
Space for a washing machine and space for a dryer. Wall mounted boiler, heated towel rail, doors to the bathroom and bedroom two.
Lounge Diner (6.78m x 3.89m) Two uPVC double glazed windows to the front. Radiator and fitted storage and dispay units. Bedroom One (4.17m x 2.6m) UPVC double glazed window to the side.
Radiator, coving and fitted wardrobes to two walls. Bedroom Two (4.62m x 2.13m) UPVC double glazed windows to the front and rear. Radiator.
Bathroom (2.3m x 1.55m) UPVC double glazed window to the rear. Three piece suite comprising a panelled bath with shower over, vanity wash hand basin and concealed cistern WC.
Tiled walls and ceiling recessed lighting. Outside To the rear there is a driveway accessed off Harewood Road providing off street parking for two cars leading to the single brick built garage.
There is steps to the property. Tenure This property is being sold with the freehold. The ground floor flat has a lease for 999 years from 1st July 1981 and it is a peppercorn ground rent payable.
There is no service charges as no communal areas.
Agents Note Please note that an aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 1, 86, Allestree Lane, Derby
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