House · S40 1DN
To rentReduced £64.2k (−91.7%) on 23 SepListed 228 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The 3 acres of land was a former gas holder station. These have now been removed and the site is mainly hard standing.
The land would be ideal for open storage or a multitude of uses subject to planning. The site is located off Chester Street within Chesterfield and is accessed via Foljambe Road.
Foljambe Road links to the A619 which provides direct access to Chesterfield Town Centre approximately 1 mile to the East.
The site is well-connected to the M1 Motorway, with Junction 29A approximately 5.4 miles to the East. The premises are accessed via an access road to the rear of the Mecca Bingo Chesterfield building.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Land to the North, Chester Street, Chesterfield, S40
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