2-bedroom bungalow · DE75 7FL
For saleReduced £10k (−5%) on 20 JunListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Heanor, Derbyshire, this tidy two-bedroom bungalow offers driveway parking, an extensive private rear plot and excellent development potential (STPP).
Clean, well kept and full of quirky charm, it's ideal for first-time buyers, investors or downsizers. Priced at £200,000. View now.
Description Situated in a well-established residential area of Heanor, Derbyshire, this two-bedroom bungalow offers an exciting opportunity at a competitive £200,000.
With broad appeal to investors, first-time buyers and downsizers, it combines comfortable living with excellent future potential.
The property is clean, tidy and presented in good overall condition, ready to move straight into while still offering scope to personalise over time.
The accommodation is well proportioned and filled with character, featuring quirky finishes that give the home warmth and individuality.
Externally, the bungalow benefits from a private driveway providing off-road parking, and to the rear, an extensive plot that offers an impressive level of privacy.
The generous garden space creates clear potential for further development, subject to the necessary consents, whether that's extending the existing footprint or creating a superb outdoor entertaining area.
Homes with this level of potential, privacy and value are rarely available for long. Immediate viewings are strongly advised to appreciate everything this opportunity has to offer. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their 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.
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 73, Park Street, Heanor
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