2-bedroom flat · DE72 3XE
Sold STCReduced £5k (−4.2%) on 30 AugListed 177 days
Opportunity summary
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About
Located in the popular area of cowslip meadow, draycott, this two-bedroom apartment offers well-presented and practical living - The property features a bright living area and two well-proportioned bedrooms, making it ideal for first-time buyers or investors.
Benefiting from allocated parking and no onward chain, the apartment is conveniently positioned for local amenities and transport links.
A two bedroom third floor apartment situated on cowslip meadow within draycott, offering well proportioned accommodation.
Robert Ellis are pleased to bring to the market this well presented apartment which would suit a range of buyers including first time purchasers and investors.
The property comprises a lounge, fitted kitchen, two bedrooms with the master benefitting from an en-suite, along with a family bathroom.
The apartment also benefits from allocated parking and a telecom entry system, providing both convenience and security.
Situated on Cowslip Meadow within Draycott, the property is well placed for local amenities, transport links and nearby countryside walks.
An internal viewing is highly recommended to fully appreciate the accommodation and location on offer.
Draycott has a number of local shops and schools for younger children with further shopping facilities being found at Breaston and Borrowash where there are Co-op convenience stores, Long Eaton is only a short drive away where there is are Asda, Tesco, Lidl and Aldi stores as well as many other retail outlets, there are healthcare and sports facilities including several local golf courses, walks in the surrounding picturesque countryside and the excellent transport links including J25 of the M1, East Midlands Airport, stations at Derby, Long Eaton and East Midlands Parkway and the A52 and other main roads provide good access to Derby, Nottingham and other East Midlands towns and cities.
Entrance Communal entrance door, stairs leading to the third floor.
Entrance Hall Storage cupboard, storage heater, loft access hatch, cupboard housing the tank, telecom system and doors to the two bedrooms, living/dining kitchen and bathroom.
Living/Dining Kitchen Lounge (3.66m x 4.27m approx (12' x 14' approx)) Double glazed patio doors with a Juliette balcony, storage heater, TV point, door to: Kitchen (3.25m x 3.23m approx (10'8 x 10'7 approx)) With matching wall and base units, four ring electric hob with extractor over, integrated electric oven, plumbing for a washing machine, stainless steel sink and drainer, space for a fridge freezer, part tiled walls, double glazed window to the front.
Bedroom 1 (4.45m x 3.12m approx (14'7 x 10'3 approx)) Double glazed window to the rear, storage heater.
En-Suite Single shower cubicle with mains fed shower, extractor fan, pedestal wash hand basin, low flush w.c., chrome heated towel rail.
Bedroom 2 (2.97m x 2.95m approx (9'9 x 9'8 approx)) Double glazed window to the front, storage heater.
Bathroom Panelled bath, low flush w.c., pedestal wash hand basin, chrome heated towel rail, shaver point.
Directions Proceed out of Long Eaton along Derby Road and continue over the traffic island and through the village of Breaston and into Draycott.
Turn right into Town End Road and left onto Cowslip Meadow. 9252CO Agents Notes There are ai photos on this property.
The property is leasehold with a 155 year lease which commenced 1.11.05, There is a ground rent of £180 and service charge of approx £1,800 payable p.a.
Council Tax Erewash Borough Council B Additional Information Electricity – Mains supply Water – Mains supply Heating – Gas central heating Septic Tank – No Broadband – BT, Sky, Virgin Broadband Speed - Standard 21mbps Superfast 80mbps Ultrafast 1mbps Phone Signal – EE, 02, Three, Vodafone 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 apartment offering spacious accommodation, found in this desirable village location
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.
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Area
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FAQ
About 14, Cowslip Meadow, Derbyshire
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