2-bedroom bungalow · DE21 2TT
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented two-bedroom bungalow, ideally situated within a sought-after over-60s retirement complex and offered for sale with no upward chain.
The property enjoys a convenient location close to a wide range of local amenities, including doctors, a dentist, opticians, a pharmacy, post office and supermarket.
Excellent road links and regular bus services also provide easy access to Derby City Centre. Offering comfortable retirement living in a convenient location, this property is well worth viewing.
The accommodation benefits from electric storage heating and double glazing and briefly comprises:- reception hallway, lounge diner with patio doors, modern fitted kitchen and shower room and two bedrooms.
Outside, are mature communal gardens surrounding the property and resident and visitors parking.
Meadowlark Grove is particularly well situated for Oakwood and its range of shops, Doctors, Dentist and Opticians together with excellent road links for the A52, M1 motorway, A50 and Nottingham East Midlands Airport Hallway 13'2" x 4'9" (4.0m x 1.4m) Open Plan Living/Dining/Kitchen 18'5" x 18'5" (5.6m x 5.6m) Bedroom One 10'9" x 9'8" (3.3m x 3.0m) Bedroom Two 9'7" x 5'9" (2.9m x 1.8m) Shower Room 7'2" x 4'11" (2.2m x 1.5m) Outside There are mature communal gardens and parking.
Leasehold Information The property is held on a lease of 125 years from 30 June 1997.
Parties : This exclusive over 60's complex is part of the Amplius Living management company the services include;- A site warden Mon-Friday, alarmed safety cords to a central station, residents lounge including coffee mornings and social gatherings between residents and laundry room.
We have been informed the service charge was £241 per calendar month (2025-2026) and includes the above and in addition, gardening service for communal areas, external items such as window/doors conditioning and building insurance included.
(Your legal representative should verify the above information) Buyer Information: 1. Anti-Money Laundering (AML) Regulations: We are legally required to verify all purchasers.
The cost is £24 (inc VAT) per person. 2. General: These sales particulars are intended as a general guide only.
If any detail is especially important, please contact us—particularly if you’re travelling a long distance to view. 3. Measurements: All measurements are approximate and provided for guidance only. 4.
Services: Services, equipment, and appliances have not been tested. Buyers should arrange their own surveys or inspections. 5.
These details are given in good faith but do not form part of any offer or contract. Information should be independently verified.
Hannells Limited and its employees or agents are not authorised to make representations or warranties regarding the property. 6.
Additional AML Charges may apply for complex cases, including trusts, overseas companies, overseas owners, or company structures requiring enhanced due diligence and verification.
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
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FAQ
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