2-bedroom flat · DE22 3TD
Sold STCListed 295 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern apartment in Derby city center featuring allocated off-road parking, open plan lounge/kitchen/diner with a Juliette balcony and two double bedrooms; being sold with NO ONWARD CHAIN!
Located in Derby city center, this third-floor apartment with access via a gated courtyard providing additional security comprises of an inviting entrance hallway leading to the open plan lounge, diner and modern kitchen area featuring a Julliette balcony.
The hallway also provides access for a modern three-piece bathroom and two double bedrooms, the master featuring a an additional Julliette balcony.
The property also benefits from allocated off-road parking and has recently been redecorated including new carpets.
The property would be perfect for first time buyers or as an investment; the property was previously a successful rental and could now achieve £850pcm, providing a gross yield of 10.2%.
LOCATION 1.5 Miles - Royal Derby Hospital 1.8 Miles - A38 1.8 Miles - Derby Train Station 1.9 Miles - University of Derby 2.4 Miles - Pride Park MATERIAL INFORMATION Council Tax Band: B Local Authority: Derby City Council Tenure: Leasehold: 108 years left Service Charge: £807 p/a Ground Rent: £150 p/a Ground Rent Review Period: TBC Parking Arrangements: Allocated Property Construction: Brick Electricity Supply: Mains Water Supply: Mains Sewerage: Mains Heating Supply: Electric Broadband: Refer to Ofcom Mobile Signal Coverage: No known issues Building Safety Issues: None Restrictions: None Rights And Easements: None Flood Risks Or Previous Flooding: No known issues Past Or Present Planning Permissions Or Applications: No Is the property located in a Coalfield Or Mining Area: Not known.
AGENTS NOTE: We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items.
Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate.
In line with The Money Laundering Regulations 2007 we are duty bound to carry out due diligence on all our clients to confirm their identity.
Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system.
This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.
FIXTURES AND FITTINGS: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded.
However, we would always advise that this is confirmed by the purchaser at the point of offer.
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
Agent & docs
FAQ
About Parliament Street, Derby, Derbyshire, DE22
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