Modern Method of Auction
Auction date not yet published
3-bedroom house · DE11 9HN
Listing removedReduced £20k (−12.5%) on 8 JulListed 127 days
Opportunity summary
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About
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. SWD260363/8 Description Modern method of sale.
This three-bedroom detached house is **for sale** in Castle Gresley, near Swadlincote, Derbyshire.
The property offers a layout that includes one separate reception room, a kitchen, three bedrooms (two doubles and one single), a cloakroom/WC and a main bathroom, and would benefit from modernising.
It also includes a garage and parking, together with a garden, providing outside space and storage. The property is offered with no chain.
Castle Gresley is located to the south-west of Swadlincote, with a range of local amenities available in the nearby town centre, including supermarkets, shops and services.
The area provides access to local primary and secondary schools in and around Swadlincote, making the location suitable for families.
The surrounding area offers a variety of walking and cycling routes, with access to green spaces and local countryside.
There are parks and open areas around Swadlincote and nearby National Forest attractions, (truncated) Entrance Hall (1.75m x 1.07m) Cloakroom/wc (2m x 1.07m) Appointed with a pedestal sink and a low flush wc.
Inner Hall (3.28m x 2.46m) Hallway with stairs leading off to the first floor. Kitchen (3.28m x 3.23m) Fitted kitchen with a ceramic hob and electric oven.
Lounge (5.72m x 3.15m) Spacious lounge with dual aspect windows. On The First Floor: Main Bedroom (3.15m x 2.84m) Double bedroom. Bedroom Two (3.18m x 2.82m) Double bedroom.
Bedroom Three (3.28m x 1.65m) Single bedroom. Bathroom (2.54m x 2.24m) Large bathroom with a four piece suite. Outside The property sits in a generous plot with garden to the front and rear.
There is gated access providing off road parking and a garage.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
FAQ
About 18, Bass's Crescent, Swadlincote
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