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See how verdicts work1-bedroom house · S41 0JB
Listing removedReduced £10.1k (−6.3%) on 23 JulListed 181 days
Opportunity summary
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About
* investment opportunity * shop with one bedroomed residential apartment above * both with existing tenancies earning A total of approx.
£1,000 pcm * highly regarded location on busy high street * adjacent to thriving businesses * 7.5% yield Occupying a prominent position within a small high street in the popular village of Hasland, this shop with residential apartment above is offered for sale with existing tenancies in place with a total income just shy of £1,000pcm.
The property itself is an attractive period building with accommodation over three floors and an enclosed garden and yard with outbuildings to the rear and connected to all main services with separate utilities to both areas.
5 Mansfield Road - Commercial Premises Ground Floor Shop/Waiting Area (4.57m (into bay) x 4.07m (14'11" (into bay) x 13'4) With entrance door and attractive bay window to front elevation, door to cellar, opening out to rear.
Rear Salon (3.63m x 2.96m (11'10" x 9'8")) An internal room with sink and access via sliding door through to: Kitchen (2.48m x 1.21m (8'1" x 3'11")) Having base cupboard unit with sink over, window to rear elevation, door to outside and further door to: Wc With low flush w.c.
And wash hand basin. 5A Mansfield Road - Apartment Side Gate Accessed via timber gate through the side passage, the apartment is accessed from the rear of the property.
Ground Floor Entrance Lobby With entrance door leading to outside and stairs to first floor accommodation.
First Floor Accommodation Landing With stairs to second floor accommodation and doors leading to: Lounge (4.59m x 3.34m (15'0" x 10'11")) Having a front aspect with secondary glazed window, built-in storage cupboard and radiator.
Dining Room (4.25m x 3.64m (13'11" x 11'11")) Accessed from the landing and having secondary glazed window to rear elevation and radiator.
Kitchen (3.22m x 2.44m (10'6" x 8'0")) Having been fitted with wall and base cupboard units, window to rear, wall mounted gas central heating boiler and radiator.
Bathroom/Wc (2.64m x 1.37m) Having been fitted with panelled bath, pedestal wash basin and low flush w.c.
Second Floor Accommodation Bedroom (5.31m x 3.88m (17'5" x 12'8")) Positioned in the roof space and having ample head room, the bedroom has a velux window to the rear along with feature dormer window to front elevation.
Outside An enclosed, predominantly lawned garden with outbuildings.
Existing Tenants The shop is currently let at a rate of £551.73 per calendar month with the apartment above achieving £447 per calendar month.
Epc 5 has a rating of C/71 5a has a rating of D/67 Viewing Arrangements For further information or to arrange a viewing, please contact the agent: Rachael Grange | Services We understand all mains services are connected to the Premises.
Tenure The property is understood to be Freehold Local Authority & Planning All enquiries should be directed to: Chesterfield Borough Council Town Hall Rose Hill Chesterfield S40 1LP Tel:
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
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FAQ
About 5 & 5a, Mansfield Road, Chesterfield
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