Modern Method of Auction
Auction date not yet published
3-bedroom house · DE55 5PP
For saleReduced £10k (−11.1%) on 10 OctListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This three-bedroom terraced house is for sale by the Modern Method of Auction, in the popular village of Tibshelf, near Alfreton, offering a layout that will appeal to first-time buyers, families and investors looking for a home that **needs modernising**.
On the ground floor, there is a spacious front lounge with two windows and a door to the front.
A separate dining room provides a useful second reception space and gives access to the cellar area, where there are two cellars, one currently used as a workshop with power and light.
The kitchen is fitted with wall and base units, has a gas cooker point and leads through to a conservatory, which enjoys a garden view and direct access to the rear garden.
Upstairs, the accommodation includes a double master bedroom, a further double bedroom and a good sized single bedroom. The shower room includes a W.C. And a concealed gas boiler.
Outside, the rear garden features established plants and shrubbery, offering an attractive outlook and outdoor space to enjoy.
Tibshelf has local shops, amenities and schools within easy reach, including Tibshelf Infant and Nursery School and Tibshelf Town End Junior School.
Nearby Tibshelf Ponds and the Five Pits Trail provide green space and walking routes. Alfreton is a short drive away for a wider range of supermarkets and facilities.
For commuters, Alfreton railway station offers services towards Nottingham and Sheffield, with journey times of around 25–35 minutes, and there are bus routes connecting Tibshelf with surrounding towns and villages.
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.
KIA260152/8 Lounge (3.9m x 5.18m) A spacious & welcoming room with two upvc double glazed windows & door to the front elevation & a fireplace with log burner.
Dining Room (3.35m x 4.24m) Another good sized room with stairs off to the first floor, and stairs down to the cellars Cellar 1 (2.44m x 3.35m) With light & good storage.
Cellar 2 Workshop (2.74m x 3.35m) Another good space with power & light.
Kitchen (2.1m x 2.74m) Fitted with a range of wall & base units, cag cooker & spaces for appliances, a upvc double glazed window to the rear elevation.
Conservatory (3m x 2.13m) Having steps down from the kitchen, this would make an ideal home office or garden room with access to the rear garden.
Bedroom 1 (2.74m x 3.66m) A double room with a upvc double glazed window to the front elevation. Bedroom 2 (2.13m x 3.9m) A good sized room with a upvc double glazed window to the front elevation.
Bedroom 3 (1.83m x 3.35m) A good sized single room with a upvc double glazed window to the rear elevation.
Shower Room (2.44m x 1.22m) Offering a shower cubical, low flush W.C, wash hand basin, storage cupboard housing the gas boiler & a upvc double glazed window to the rear elevation.
Rear Garden The rear garden is paved with lots of shrubbery, outbuilding & access to the side street.
Auction Information 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 buyer will pay £300.00 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 (truncated)
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
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
FAQ
About 157, High Street, Alfreton
Explore nearby