2-bedroom house · DE21 7SL
Listing removedReduced £15.1k (−8.1%) on 27 MayListed 330 days
Opportunity summary
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About
**Due to the high level of interest we have received for this property we are inviting best and final offers in writing by 12pm on Wednesday 25th February to ** This is an impressive two double bedroom, two bathroom end townhouse tucked away on this estate in the popular village of Spondon.
The location is excellent, being close to Spondon Railway station, good bus routes, the M1 junction 25, the East Midlands International airport and the centres of both Derby and Nottingham.
The property is set over three floors and features double glazed and gas central heated accommodation.
The ground floor comprises entrance hall, bedroom two and shower room and the first floor comprises an open plan living space with lounge, dining and kitchen.
The second floor features a principle bedroom with en-suite shower room.
To the front of the property there is a low maintenance, private garden featuring a patio, an artificial lawn, pathway and decked area with a pleasant backdrop of mature trees.
The property benefits from an allocated parking space.
The Location - Spondon is a popular village a few miles east of Derby and features a busy high street with a varied selection of amenities including a primary and secondary school.
There is easy access to a nearby retail park and to the A52 making it within easy commuting distance of both Derby and Nottingham.
Accommodation - Ground Floor - Entrance Hall - 2.66 x 1.72 (8'8" x 5'7") - An entrance door provides access to hallway with central heating radiator and staircase to first floor.
Bedroom Two - 4.60 x 2.74 (15'1" x 8'11") - With central heating radiator and double glazed window to front.
Shower Room - 2.25 x 1.78 (7'4" x 5'10") - Appointed with a low flush WC, pedestal wash handbasin with tiled surrounds, shower cubicle, central heating radiator and understairs storage cupboard.
First Floor - Open Plan Living Space - 4.61 x 4.60 (15'1" x 15'1") - Lounge/Dining Area - Having a central heating radiator and double glazed windows to side and front with pleasant views over mature trees.
Kitchen Area - Comprising granite effect worktops with tiled surrounds, inset stainless steel sink unit, electric hob with extractor hood over and built-in oven beneath, fridge freezer, dishwasher, double glazed window to side and door to inner hallway.
Inner Hallway - 1.10 x 0.86 (3'7" x 2'9") - With staircase to second floor.
Second Floor - Bedroom One - 4.00 x 3.68 (13'1" x 12'0") - Having a central heating radiator, built-in wardrobe, two double glazed windows to side and two double glazed windows to front.
En-Suite Shower Room - 1.98 x 1.94 (6'5" x 6'4") - Appointed with a low flush WC, pedestal wash handbasin, shower cubicle and chrome towel radiator.
Outside - To the front, the property benefits from a low maintenance garden which offers a high degree of privacy and features artificial lawn, decked area with herbaceous borders and pathway giving access to a pedestrian gate and nearby allocated parking space.
The property is located to the rear of number 14. Council Tax Band B -
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
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FAQ
About Towpath Way, Spondon, Derby
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