3-bedroom house · S80 4BY
For saleListed 12 daysAuction 3 Nov · in 14 days
Opportunity summary
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About
Auction Commencing on Monday 2nd November at 1pm and ending 24 hours later on Tuesday 3rd November from 11am with Auction House Notts and Derby Please register to bid via our website - auctionhouse.co.uk/nottsandderby Unique three bedroom Mews House available for auction!
We are pleased to bring this spacious mews house to our auction. The site where it is situated was born out of two former schools that were developed and renovated with work starting circa 2011.
This property is located in one of the old school buildings that has had significant renovation. The property is accessed near one of the main entrances to the old school building.
The ground floor has a WC to right of the entrance as you walk in, with the stairs to the next floor positioned further along.
To the left is a large open plan kitchen/dining/living area which has been transformed into a great space by the current occupiers.
The first floor contains a bathroom and three separate stairways leading to a bedroom at the end of each one, providing this unique living space.
At the top of the stairway that sits at the end of the landing, there is also a third bathroom suite adjacent to one of the bedrooms.
The property is situated in the village of Creswell, with plenty of local amenities nearby.
The M1 motorway is a short drive away allowing for convenient access to Sheffield, Nottingham, Mansfield and Chesterfield.
Tenure: See Legal Pack EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 16 Old School Lane, Creswell, Worksop S80 4BY
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