Character-filled central flat with gated parking and strong rental potential.
Penthouse with lift access and allocated gated parking
Converted Grade II listed mill with strong industrial character
Open-plan living/kitchen; two large double bedrooms
Service charge approximately £3,000 per year
Leasehold — 77 years remaining; lenders may refuse mortgages
Medium flood risk; area shows higher crime and deprivation
Secondary glazing and gas central heating present
Listed status will restrict alterations and require consents
Set at the top of a converted Grade II listed mill, this penthouse offers bold industrial character, high ceilings and large windows. The apartment’s open-plan living/kitchen creates a flexible social space suited to sharers or renters, while two large double bedrooms and a modern three-piece bathroom complete the layout. Lift access and allocated gated parking are valuable city-centre conveniences.
Important practical facts are clear: the property is leasehold with 77 years remaining — short enough that some mortgage lenders may refuse finance. The building’s listed status and a service charge around £3,000pa mean additional cost and potential restrictions on alterations. The area has a medium flood risk and higher local crime and deprivation indices, which buyers should factor into insurance, security and rental assumptions.
For a buyer able to manage the lease and listed-building constraints, the apartment presents strong rental and lifestyle upside. The setting in the DE1 city centre places amenities, transport and universities nearby, supporting steady tenant demand. Secondary glazing and gas central heating provide practical comfort, though some cosmetic updating or listed-consented works may be required to maximise value.
Overall this is a characterful, centrally located investment or owner-occupier opportunity that offers big visual appeal and convenience but comes with material caveats: limited lease length, listed-building considerations, significant service charges and local area challenges. Cash purchasers or investors experienced with short leases and listed properties will find the clearest route to purchase and re-letting.
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