2 Bed Flat, Single Let, Derby, DE1 1BR £250,000

THE LOFT, 15 - 17 Cheapside, Derby, City Of Derby, DE1 1BR - 9 months ago
BTL
~141 m²
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+11 photos

ValuationFair Value

Sold Prices£38K - £174K
Sold Prices/m²£679/m² - £3K/m²

 

 

Square Metres

~141 m²
Price/m²£1.8K/m²

Value Estimate

£254,419

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£995 - £1,750

Rent Estimate

£1,000

Running Costs/mo

£1,001

Cashflow/mo

£-1

Cashflow/yr

£-15

Gross Yield

5%

Local Sold Prices

50 sold prices from £38K to £174K, average is £117K. £679/m² to £3K/m², average is £1.8K/m².

Price
Date
Distance
Address
Beds
 
£140K03/230.17 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£174K11/240.25 miWeavers Point, 9, Lodge Lane, Derby DE1 3HE2
£174K11/240.25 mi9, Weavers Point, Lodge Lane, Derby DE1 3HE2
£150.3K04/250.28 mi21, Longs Mill Brookbridge Court, Brook Street, Derby DE1 3LG2
£150.3K04/250.28 mi21, Longs Mill Brookbridge Court, Brook Street, Derby DE1 3LG2
£146K08/220.28 miLongs Mill Brookbridge Court, 23, Brook Street, Derby DE1 3LG2
£129K10/240.28 mi7 Derby Riverside, Apartment 21, Stuart Street, Derby DE1 2EB2
£126.3K12/240.28 miApartment 14, 7 Derby Riverside, Stuart Street, Derby DE1 2EB2
£126.3K12/240.28 miApartment 14, 7 Derby Riverside, Stuart Street, Derby DE1 2EB2
£143K12/220.31 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£127.5K07/210.31 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£97.5K10/240.31 mi26, St Marys Court, Derby DE1 3DD2
£157K11/240.33 miThe School Yard, 8, Edward Street, Derby DE1 3BL2
£157K11/240.33 mi8, The School Yard, Edward Street, Derby DE1 3BL2
£101.5K06/240.33 miCentro West, 50, Searl Street, Derby DE1 1BW2
£47.5K10/240.34 miMillers Court, 5, Edward Street, Derby DE1 3BN2
£90K05/250.34 mi5, Millers Court, Edward Street, Derby DE1 3BN2
£48K09/210.34 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.34 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£90K07/220.36 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£110K06/240.38 miRowleys Mill, 26, Uttoxeter New Road, Derby DE22 3TJ2
£160K05/240.38 miWestgate, Flat 21, Mill Street, Derby DE1 1DH2
£116K07/240.38 miAlexandra Mill, 31, Great Northern Road, Derby DE1 1LW2
£42.5K09/220.39 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.39 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.4 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£85K10/210.4 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£122K01/250.42 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£122K01/250.42 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£114K01/230.43 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£112K05/240.43 miCity Walk, 5, City Road, Derby DE1 3QD2
£116K05/210.43 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£78.5K08/210.44 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£135K06/250.45 mi26, Mill Gate, Ashbourne Road, Derby DE22 3EB2
£135K06/250.45 mi26, Mill Gate, Ashbourne Road, Derby DE22 3EB2
£123K03/250.46 miFlat 30, Parkland View, Bath Street, Derby DE1 3FG2
£123K03/250.46 miFlat 30, Parkland View, Bath Street, Derby DE1 3FG2
£110K04/240.46 miParkland View, Flat 36, Bath Street, Derby DE1 3FG2
£118K06/240.48 miParkland View, Flat 81, Bath Street, Derby DE1 3FG2
£163.5K07/250.49 mi2b, Belper Road, Derby DE1 3EN2
£42K11/220.5 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£110K03/250.5 mi11, Leaper Street, Derby DE1 3ND2
£91K07/240.51 mi21, Edensor Square, Derby DE22 3RQ2
£75K09/240.52 mi5, St Annes Close, Derby DE1 3NE2
£130K08/250.56 mi14, Melton Court Apartments, Ashbourne Road, Derby DE22 3BF2
£79K08/250.56 mi1, Summerbrook Court, Derby DE22 3RR2
£136K06/210.56 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£110K11/240.71 mi45, Arthur Hind Close, Derby DE22 1HS2
£110K11/240.71 mi45, Arthur Hind Close, Derby DE22 1HS2
£130K08/210.73 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2

Local Rents

50 rents from £995/mo to £1.8K/mo, average is £1.2K/mo.

Rent
Date
Distance
Address
Beds
 
£1,29510/250.06 mi22 Sadler Gate, Derby DE1 3NL, UK2
£99511/250.06 mi-2
£99512/240.06 mi-2
£1,05003/240.06 miSt. Marys Gate, DERBY2
£1,05003/240.06 miSt. Marys Gate, DERBY2
£1,00003/240.06 miSt. Marys Gate, DERBY2
£1,10003/240.06 miSt. Marys Gate, DERBY2
£1,10004/240.06 miSt. Marys Gate, Derby DE1 3JS2
£1,10011/250.06 miSt Marys Gate, Derby, DE12
£1,50007/250.06 miSt. Marys Gate, Derby, Derbyshire, DE12
£1,50008/250.06 miSt. Marys Gate, Derby, Derbyshire, DE1 3FS2
£1,10003/240.06 miSt Marys Gate, Derby2
£1,25003/240.06 miSt Marys Gate, Derby2
£1,75003/240.06 miMiddleton House, St Marys Gate, Derby DE1 3FS2
£1,25003/240.07 miSt. Marys Gate, Derby, Derbyshire, DE12
£1,10003/240.07 miSt Marys Gate, Derby2
£1,20003/240.07 miSt. Marys Gate, DERBY2
£1,00003/240.07 miSt. Marys Gate, DERBY2
£1,25003/240.07 miMiddleton House, 27 St. Marys Gate, DE1 3JR2
£1,25003/240.07 miMiddleton House, St Marys Gate2
£1,25003/240.07 miMiddleton House, 27 St. Marys Gate, DE1 3JR2
£1,50003/240.07 miMiddleton House, 27 St. Marys Gate, DE1 3JR2
£1,25003/240.07 miMiddleton House, 27 St. Marys Gate, DE1 3JR2
£1,60003/240.07 miMiddleton House, 27 St. Marys Gate, DE1 3JR2
£1,10004/240.07 miSt. Marys Gate, DERBY2
£1,10003/240.07 miSt. Marys Gate, DERBY2
£1,10003/240.07 miSt. Marys Gate, DERBY2
£1,10004/240.07 miSt. Marys Gate, DERBY2
£1,15004/240.07 miSt. Marys Gate, DERBY2
£1,15004/240.07 miSt. Marys Gate, DERBY2
£1,50004/240.07 miSt. Marys Gate, DERBY2
£1,10004/240.07 miSt. Marys Gate, DERBY2
£1,20004/240.07 miSt. Marys Gate, DERBY2
£1,25005/240.07 miSt. Marys Gate, DERBY2
£1,10007/250.07 miSt. Marys Gate, DERBY2
£1,10006/250.07 miSt. Marys Gate, DERBY2
£1,10006/250.07 miSt. Marys Gate, DERBY2
£1,20006/250.07 miSt. Marys Gate, DERBY2
£1,15008/250.07 miSt. Marys Gate, DERBY2
£1,10008/250.07 miSt. Marys Gate, DERBY2
£1,20009/250.07 miSt. Marys Gate, DERBY2
£1,55010/250.07 miSt. Marys Gate, DERBY2
£1,20009/250.07 miSt. Marys Gate, DERBY2
£1,10009/250.07 miSt. Marys Gate, DERBY2
£1,60009/250.07 miSt. Marys Gate, DERBY2
£1,25011/250.07 miSt. Marys Gate, DERBY2
£1,40009/250.07 miSt. Marys Gate, DERBY2
£1,75010/250.07 miMiddleton House, Derby, DE1 3JR2
£1,75011/250.07 miSt. Marys Gate, Derby, Derbyshire, DE12
£1,70011/250.07 miSt. Marys Gate, Derby, Derbyshire, DE12

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.61 miles away

Nearest school

0.40 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £250,000

August 19, 2025

Price changed to £267,500

July 26, 2025

Listed for £275,000

February 28, 2025

Sold for £240,000

2005

Sold for £67,000

1998

Floor Plans

Property image

Description

A most stylish and spacious two double bedroom, two bathroom, city centre duplex apartment with courtyard seating area, ideal for direct convenient access to a vibrant array of retail, leisure and entertainment outlets.

Directions - Cheapside is best accessed on foot, parking at many of the local provisions including short-stay roadside parking on The Strand and Friar Gate along with the multi-storey car-park on Bold Lane.

A property of this individual nature in this location is a rare find, for the discerning purchaser the sale of this impressive apartment should hold strong interest.

The property occupies floors two and three of this traditional high street Derby building with an attractive façade shared with commercial neighbours enjoying secure and private access.

From the rear ground floor, an entry lobby with cloaks hanging space has stairs rising to a first floor half landing with stairs continuing to the main second floor landing-hallway with stairs continuing to the third floor, guest cloakroom, beautifully appointed fitted kitchen, large open plan living room with rear Juliet balcony and with lots of tall windows allowing for natural light. To the third floor, there is a spacious landing area fitted with study furniture, principal bedroom with en-suite and built-in wardrobes, double bedroom two and main bathroom.

Externally, there is a courtyard seating area and private gated access to the street. Parking facilities, including season ticket permits at Bold Lane multi-storey safe car park, are available just a short distance away.

The property is set amongst the traditional lanes of Derby city centre, adjoining the fashionable Sadler Gate and Friar Gate areas along with the nearby Derby Museum and Wardwick area. Derby retail, leisure and entertainment outlets including the Cathedral Quarter and St Peters Quarter, Derbion (formally Westfield) indoor shopping centre and Becketwell Performance Venue (due to open 2025) are all on the doorstep. The Derby bus and rail stations are also within easy reach.

Accommodation - Entering the property from the rear courtyard into:

Ground Floor -

Entrance Lobby - Main timber panelled and glazed front door, wood effect tiled floor, cloaks hanging and shoe storage space, window, stairs to first floor half-landing with feature LED up lighters and handrail.

First Floor -

Half-Landing - Attractive landing area with stairs continuing to the second floor with handrail, store/display area.

Second Floor -

Landing - Hallway - With stairs continuing to the second floor, radiator, access into main living area and:

Cloakroom - A spacious cloakroom, smartly appointed with a low level WC with concealed cistern and tiled surround with laminate counter top, wash basin sat on a vanity unit, tiled floor, extractor fan, inset ceiling spotlights and chrome towel radiator.

Open Plan Living Dining Room + Lobby Area - 9.58m x 3.91m (31'5" x 12'10") - Entering into a very light and airy reception area with high ceilings and three tall double glazed windows to the front elevation, each with a matching period style radiator beneath, upgraded remote intercom system, laminate flooring continuing into the main living area with ample space for all furniture including dining and lounging, feature Juliet balcony with twin opening doors to the rear elevation with canopy and views of the city, matching sash windows, further radiator, media connections and inset ceiling spotlights.

Kitchen - 4.85m x 2.64m (15'11" x 8'8") - Beautifully appointed with a plentiful and quality range of wall and base units with matching cupboard and drawer fronts finished with quality granite work surfaces and matching upstands, additional matching units with laminate work surfaces, stainless steel sink and drainer, electric oven and gas hob with extractor fan over, integrated dishwasher and washing machine, space for an upright fridge freezer and breakfast table and chairs, two further tall double glazed windows both with a matching period style radiator beneath, inset ceiling spotlights and a natural effect tiled floor. Wall mounted and concealed combination boiler (replaced 2018 with 10 year guarantee.)

Third Floor -

Landing - A large area being well utilised as a home office having two fitted desks, cabinets and drawers, inset ceiling spotlights, attractive dormer window with double glazed main window and additional side panels with deep eaves storage cupboard beneath, two period style radiators.

Bedroom One - 5.56m x 3.91m (18'3" x 12'10") - Entering into a dressing room with fitted wardrobes having sliding mirrored doors and access into the en-suite. The main bedroom area is spacious and features a rear facing dormer with windows to three sides all offering a superb aspect of the city centre, also providing a useful dressing area, ample space for plentiful bedroom furniture, inset ceiling spotlights and two period style radiators.

En-Suite - Beautifully appointed and tiled comprising large walk-in shower cubicle with electric shower over and glazed screens, deep wash basin and low level WC, extractor fan, inset ceiling spotlights and chrome towel radiator.

Bedroom Two - 4.83m x 3.89m (15'10" x 12'9") - A second spacious bedroom with ample room for all bedroom furniture, attractive dormer window with double glazed main window and additional side panels, feature brick revealed chimney breast and display recess, inset ceiling spotlights and period style radiator.

Bathroom - Attractively tiled with natural accents comprising a deep bath with illuminated display recess, the wash basin and WC are both neatly fitted with tiled surrounds and sill, large fitted mirror, extractor fan, inset ceiling spotlights and chrome towel radiator.

Outside - The property is securely accessed from the pavement through a timber gate having intercom system.

A pleasant shared courtyard seating area can be found to the rear on raised decking with steps to the main door.

The apartment is privately accessed with no shared internal areas.

Parking facilities, including season ticket permits at Bold Lane multi-storey safe car park, are available just a short distance away.

Lease Charges - There is a long lease having 963 years remaining.

No ground rent or lease charges apply.

The owner shares buildings insurance with the commercial neighbours.

Agent Details

Boxall Brown & Jones, Derby

01332 215408

Next Steps?

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