1-bedroom flat · DE75 7GE
Listing removedReduced £5 (−0.7%) on 2 JulListed 121 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully refurbished one-bedroom ground floor flat, available immediately in the popular town of Heanor.
The property has been finished to a high standard throughout and comprises a spacious double bedroom, a brand new modern kitchen, stylish bathroom, and a bright lounge.
Further benefits include gas central heating and off-street parking.
Heanor itself offers a great range of local amenities including supermarkets, independent shops, cafés, and restaurants, as well as leisure facilities and open green spaces.
The town is well served by regular public transport links to Derby, Nottingham, and surrounding areas, making it an excellent location for commuters. Available now at £700pcm.
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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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 Flat 1, 38 Ray Street, Heanor
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