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See how verdicts work3-bedroom semi-detached house · DE24 0NG
For saleReduced £9.9k (−5%) on 26 OctListed 150 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a three bedroom, semi-detached residence occupying a larger than average plot offering superb potential for an extension with planning permission already granted for a two storey extension.
The property is sold with the benefit of no upper chain and features a porch, entrance hall, lounge, dining kitchen, conservatory, three first floor bedrooms and a bathroom.
There is a private, low maintenance garden with good sized driveway extending to the front and side.
The Location - The property's location gives easy access to a range of amenities in Alvaston and Shelton Lock. There is a good range of schooling within easy reach and easy access to major employers.
Nearby Elvaston Castle and Country Park offers some delightful walks.
Accommodation - Porch - 1.92 x 1.31 (6'3" x 4'3") - A UPVC double glazed entrance door provides access to porch with tiled floor, double glazed windows to front and double glazed doors to entrance hall.
Entrance Hall - 4.07 x 1.76 (13'4" x 5'9") - Having a central heating radiator and staircase to first floor with understairs storage cupboard.
Lounge - 4.08 x 3.85 (13'4" x 12'7") - Featuring a fireplace with decorative surround and gas fire, decorative coving and double glazed window to front.
Dining Kitchen - 5.75 x 2.86 (18'10" x 9'4") - Dining Area - With central heating radiator and sliding patio doors to conservatory.
Kitchen Area - Comprising roll edge worktops with tiled surrounds, inset sink unit, fitted base cupboards, complementary wall mounted cupboards, four plate gas hob, double oven, appliance space suitable for washing machine, double glazed window to rear and open access to dining area.
Conservatory - 4.49 x 2.85 (14'8" x 9'4") - A good sized addition to the accommodation with double glazed windows and matching French doors to garden.
First Floor Landing - 2.57 x 1.83 (8'5" x 6'0") - With feature balustrade, airing cupboard, access to loft space and double glazed window to side.
Bedroom One - 3.64 x 3.26 (11'11" x 10'8") - Having a central heating radiator and double glazed window to front overlooking pleasant open green space.
Bedroom Two - 3.37 x 3.22 (11'0" x 10'6") - With central heating radiator and double glazed window to rear.
Bedroom Three - 2.67 x 2.39 (8'9" x 7'10") - Having a central heating radiator, storage cupboard and double glazed window to front.
Bathroom - 2.42 x 1.67 (7'11" x 5'5") - Partly tiled and appointed with a low flush WC, pedestal wash handbasin, bath, separate shower cubicle, central heating radiator and double glazed window to rear.
Outside - The property occupies a good sized plot with potential to extend to the side, with permission granted for a two storey extension.
This would create a new kitchen, utility and ground floor WC with further bedroom and en-suite to the first floor. In addition there would be an integral storage/outbuilding to the ground floor.
There is an L-shaped driveway providing ample off-road parking and a useful outbuilding.
To the rear of the property is a low maintenance, block paved garden offering a good degree of privacy and a useful outbuilding.
Council Tax Band A - Please note: the property has the benefit of solar panels owned by A Shadergreen.
We understand the new owner will receive some free electric as part of the agreement with the solar panel company. These details must be verified by a solicitor.
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.
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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
About Penzance Road, Alvaston, Derby
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