2-bedroom flat · NG16 5PY
Listing removedListed 143 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***NO DEPOSIT OPTION AVAILABLE FOR TENANTS, GREATER PROTECTION FOR LANDLORDS*** *** AVAILABLE FROM AUGUST *** Located in the historic Butterley Lodge, this characteristic home is close to Derbyshire's countryside set over three storeys.
Briefly comprising: a delightful fitted kitchen offering a range of wall and base units with space for appliances.
First floor having a living area, which extends to the second floor study area and large bathroom including a white three piece suite. To the third floor there are two well-proportioned bedrooms.
Externally to the front is a gravelled parking. The property itself is surrounded by countryside views. A holding deposit of £169.09, based on the advertised rent, is required to reserve the property.
Deposit payable is £845.45 Rent excludes deposit and any other permitted payments.
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Butterley Lodge, Parkside Drive, Codnor Park, NG16
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