2 × 2-bed flat · NG17 7AG
For saleReduced £50k (−20%) on 6 OctListed 65 days
Opportunity summary
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About
Two flats & development opportunity. Detached property consisting of 2 two bedroom flats.
A unique investment and development opportunity combining two well-presented two-bedroom flats and a separate plot with planning permission for a detached bungalow.
This impressive detached property has been thoughtfully divided into two self-contained double-bedroom flats, offering an excellent opportunity for investors, developers or buyers looking for a versatile property with existing rental potential and scope for further development.
The ground-floor and first-floor flats are both well presented, with each comprising a welcoming lounge, fitted kitchen, bathroom and two double bedrooms, together with their own garden space.
One of the flats currently has a tenant in situ, providing an immediate rental income opportunity, while the other offers flexibility for owner occupation, letting or further investment.
To the rear of the property is a separate, gated plot of land, which benefits from planning permission for a detached bungalow.
This provides exciting potential for future development and adds considerable appeal to the overall offering.
The two flats and the development plot are being sold together as one package, with the three interests held on separate titles, offering flexibility and potential for future use or investment, subject to any necessary consents.
The location is another key attraction, being within easy walking distance of the town centre and a wide range of local amenities, including the leisure centre, train station, library, supermarkets and popular tea rooms.
There are also beautiful walks and countryside close by, providing the perfect balance between convenient town living and access to the outdoors.
This is a rare opportunity to acquire a property offering two existing residential units, rental potential and an additional building plot with planning permission, all within a convenient and sought-after location.
Early viewing is highly recommended to fully appreciate the versatility and potential of this unique property. Flat 1 Hallway Flat one is to the ground floor.
Lounge (3.01m (9' 11") x 3.97m (13' 0")) Kitchen (2.07m (6' 9") x 3.89m (12' 9")) Bedroom One (3.03m (9' 11") x 3.88m (12' 9")) Bedroom Two (3.56m (11' 8") x 2.66m (8' 9")) Bathroom (1.62m (5' 4") x 2.70m (8' 10")) Kitchen (2.19m (7' 2") x 2.88m (9' 5")) Lounge (5.16m (16' 11") x 2.66m (8' 9")) Bedroom One (3.04m (10' 0") x 3.96m (13' 0")) Bedroom Two (3.63m (11' 11") x 2.66m (8' 9")) Bathroom (1.62m (5' 4") x 2.82m (9' 3")) Land Planning permission for one detached Bungalow.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About 53, Portland Street, Kirkby In Ashfield
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