3-bedroom house · DE75 7PE
Sold STCListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
If you're looking for a home that's ready to move straight into, this beautifully presented three-bedroom terraced property could be just the one.
With modern décor throughout, a spacious layout and a fantastic summer house in the garden, it offers a great balance of comfort, practicality and outdoor living.
Situated close to Heanor town centre, you'll also have everyday amenities and useful transport links within easy reach.
Step inside and you'll find a bright and welcoming home that has been thoughtfully maintained and updated throughout.
The lounge provides a cosy space to relax, while the modern kitchen diner creates the perfect hub for everyday life, whether you're cooking, dining or catching up with friends and family.
The property offers three well-proportioned bedrooms, giving plenty of flexibility for sleeping space, home working or hobbies.
The loft provides excellent storage space and has a velux dormer window fitted.
Outside, the enclosed rear garden has been designed for easy enjoyment, featuring a summer house that can be used as a home office, hobby room or peaceful retreat.
It's a great space to make the most of warmer days and enjoy a little extra room beyond the house itself.
Located on Fletcher Street in Heanor, the property is conveniently placed for local shops, schools and leisure facilities, while nearby road and public transport connections help keep commuting and day-to-day travel straightforward.
The area also benefits from access to nearby bus routes and Langley Mill railway station.
Property Ownership Information Tenure Freehold Council Tax Band A Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 40, Fletcher Street, Heanor
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