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£125,000
Bedrooms
Bathrooms
Located in a beautifully converted historic building that once housed railway workers dormitories, this exceptional one-bedroom second-floor apartment perfectly blends original character with modern comforts.
Situated in the heart of Derby City Centre and just a short walk from the train station, this property is ideal for both owner occupiers and investors alike. Step inside to discover high ceilings, exposed brickwork, and large newly installed windows that flood the space with natural light.
The open-plan living area features a Juliet balcony and a sleek, contemporary kitchen complete with integrated appliances including an oven, washing machine, fridge freezer, and extractor fan. The kitchens smart layout and stylish tiled splashback offer both practicality and a modern aesthetic.
The spacious lounge area is beautifully finished with wood flooring and period features, creating a warm and inviting atmosphere. The generous double bedroom and modern bathroomwith a full-length bath and overhead showeroffer comfort and functionality. The apartment also benefits from WiFi-enabled smart electric heating, an allocated off-road parking space, and excellent rental potential of approximately 900 per month.
With its unique character, fantastic location, and modern upgrades throughout, this apartment offers a rare opportunity to own a slice of Derbys heritage with all the conveniences of contemporary living.
Dont miss out - book your viewing today!
EPC rating: C. Tenure: Leasehold,Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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