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See how verdicts work3-bedroom semi-detached house · NG16 5ET
For saleListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A three-bedroom semi-detached property situated in the sought-after village of Underwood, offering excellent potential for renovation and modernisation.
The property provides well-proportioned accommodation throughout with an entrance hall, lounge, spacious kitchen diner, cloakroom WC, 3 bedrooms and a family bathroom.
Externally, a block paved driveway providing off road parking, lawned front garden and a rear enclosed garden.
Location This property is located on Old Chapel Lane, which is off Church Lane and near to the junction of Alfreton Road, in the sought after village of Underwood.
The property benefits from being within close proximity to local schooling such as Underwood Church of England Primary School, a community centre, pubs and restaurants, supermarkets, recreational facilities and much more.
The property is within easy access of the M1 and A38.
Description A three-bedroom semi-detached property situated in the sought-after village of Underwood, offering excellent potential for renovation and modernisation.
The property provides well-proportioned accommodation throughout and would make an ideal project for buyers looking to create a home to their own specification.
The ground floor comprises an entrance hall, a generous lounge with a bay window, gas fireplace and useful under-stairs storage, a spacious kitchen diner overlooking the rear garden, and a cloakroom WC which completes the ground floor.
To the first floor are three well-sized bedrooms, two of which with fitted wardrobes, alongside a family bathroom and useful airing cupboard.
The property benefits from double glazing and gas central heating. Externally, there is a block-paved driveway providing off-road parking for two vehicles, with a lawned front garden.
To the rear is a tiered patio and lawned garden, offering scope for landscaping and improvement.
Accommodation All measurements are approximate: Entrance Hall 4' 4'' x 4' 7'' (1.32m x 1.40m) Door to front, door to cloakroom WC, door to lounge, pendant light fitting.
Lounge 16' 2'' x 8' 6'' (4.92m x 2.59m) Double glazed bay window to front, double glazed window to side, gas fireplace, radiators, power points, pendant light fitting, under stairs cupboard, stairs to first floor.
Kitchen Diner 9' 4'' x 17' 6'' (2.84m x 5.33m) Double glazed door and windows to rear, wall mounted units, base units and drawers, stainless steel sink, tile splashback surrounds, radiators, power points, pendant light fitting.
Cloakroom WC 9' 5'' x 3' 5'' (2.87m x 1.04m) Double glazed window to front, low level WC, wash hand basin, tile splashback surrounds, light fitting.
First Floor Landing Access to loft, radiators, pendant light fitting.
Bedroom One 13' 4'' x 8' 7'' (4.06m x 2.61m) Double glazed window to front, fitted wardrobes, radiator, power points, pendant light fitting.
Bedroom Two 12' 5'' x 9' 0'' (3.78m x 2.74m) Double glazed window to rear, fitted wardrobes, radiator, power points, pendant light fitting.
Bedroom Three 8' 8'' x 9' 0'' (2.64m x 2.74m) Double glazed window to front, radiator, power points, pendant light fitting.
Bathroom 6' 6'' x 8' 6'' (1.98m x 2.59m) Double glazed window to rear, panelled bath with mixer tap and shower over, low level WC, wash hand basin with mixer tap, tile splashback surrounds, radiator, pendant light fitting.
Airing Cupboard Outside To the front of the property, a block paved driveway providing off road parking for 2 vehicles and a lawned garden.
To the rear of the property, a tiered patio/lawned garden. Agents Note These photos have been enhanced by AI. Tenure Freehold. Council Tax The property falls within Band B.
Services The services, fittings and appliances (if any) have not been tested by the agents. Local Authority Ashfield District Council.
Viewings Kal Sangra, Shonki Brothers Ltd 85 Granby Street, Leicester LE1 6FB Tel: Email:
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
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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 advisers 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
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FAQ
About Old Chapel Lane, Underwood
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