We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · DE1 1DX
Sold STCListed 225 days
Opportunity summary
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About
Auction Commencing on Tuesday 07th April at 1pm and ending 24 hours later on Wednesday 08th March from 1pm with Auction House Notts and Derby Please register to bid via our website - auctionhouse.co.uk/nottsandderby Tenanted City Centre Investment – £781pcm (£9,372 per annum) A well-presented first floor two-bedroom apartment situated within a purpose-built development close to Derby City Centre, offered for sale by auction with tenant in situ.
The property is currently let at £781 per calendar month (£9,372 per annum), providing an immediate income-producing investment. Accommodation (Approx.
533 sq.ft / 49.5 sq.m.) Entrance hallway with storage Living room – 13'10" x 11'4" Fitted kitchen – 11'2" x 8'2" Two bedrooms Bathroom with three-piece suite Externally, the development benefits from communal areas and courtyard parking.
Tenure Leasehold. The property is held on a 99-year lease dated 26 November 1990 (approximately 63 years unexpired).
Ground Rent: £100 per annum The lease provides for the tenant to contribute a one sixth share of the expenditure relating to the common parts and maintenance of the building, together with standard service charge and repairing obligations (as detailed within the registered lease) Buyers are advised to refer to the legal pack for full lease terms.
Location Markeaton Street is positioned within walking distance of: Derby City Centre University of Derby (Britannia Mill Campus) Derby Royal Hospital Shops, amenities and transport links The area remains popular with professionals and students, supporting strong rental demand.
Investment Summary Current rent: £781 PCM Annual income: £9,372 Leasehold – 99 years from 1990 Ground rent: £100 per annum 1/6th service charge contribution Two bedrooms Central Derby location Established residential block Tenure: Leasehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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
Agent & docs
FAQ
About 4 Marsh Flats, 75 Markeaton Street, Derby, Derbyshire DE1 1DX
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