2-bedroom bungalow · NG16 5GW
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in a quiet cul de sac in the popular village of Underwood is this two bedroom detached bungalow sold with no upward chain.
The double glazed and gas central heating briefly comprises of an entrance hall, lounge, kitchen, two bedrooms, conservatory, bathroom and separate wc.
Outside there are gardens to the front, side and rear. Driveway to the side leads to the detached garage.
The bungalow requires some modernisation and viewing is strongly recommended to see the potential this property has to offer.
Entrance Hall Double glazed door to the side elevation, access to the lounge, kitchen, two bedrooms, bathroom, separate and storage cupboard.
Lounge 5.31m (17'5") x 3.43m (11'3") Double glazed window to the front elevation and double glazed window to the side elevation. Wall mounted fire. Central heating radiator and coving to the ceiling.
Kitchen 2.64m (8'8") x 2.62m (8'7") Double glazed window to the front elevation, the kitchen comprises of a stainless steel sink unit with mixer taps and side drainer inset into roll edge work surfaces, a range of base and wall units.
Tiled splash back areas. Bedroom One 3.84m (12'7") x 2.92m (9'7") Double glazed window to the rear elevation, fitted wardrobes and draw units. Central heating radiator.
Bedroom Two 3.05m (10'0") x 2.13m (7'0") Double glazed French doors leading to the conservatory. Central heating radiator. Conservatory 2.64m (8'8") x 2.54m (8'4") Double glazed conservatory.
Door to the garden. Bathroom Double glazed window to the side elevation, bathroom comprises if panelled bath and pedestal wash hand basin. Tiled splash back areas.
Separate WC Double glazed window to the side elevation, low flush wc. Outside Garden area to the front of the property which extends to the side. The garden at the side is mainly laid to lawn.
Open plan access leads to the rear garden which has a block paved searing area. The bungalow also has a driveway to the side which leads to the detached garage.
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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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 Wilcox Drive, Underwood, Nottingham
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