2-bedroom bungalow · DE24 0XD
To rentReduced £50 (−5.3%) on 2 OctListed 35 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
AVAILABLE IMMEDIATELY - UNFURNISHED - CURRENTLY BEING REFURBISHED. We are delighted to bring to the market this two bedroom bungalow set in the popular residential location of Alvaston, Derby.
The accommodation comprises: lounge, kitchen, reception hallway, two bedrooms and bathroom.
Outside, to the front is a low maintenance block paved forecourt along with tarmac driveway providing off road parking and access into the carport to the side.
To the rear is a private enclosed low maintenance rear garden with a large shed for storage. Council tax band A. Energy rating (Currently being renewed).
Reception Hall - Having laminate flooring and doors to bathroom, lounge and both bedrooms.
Kitchen - 2.92m x 1.91m (9'7 x 6'3) - Having wall and base units with roll top working surfaces, inset sink with drainer, tiled splash backs, integral gas hob and electric oven, space and plumbing for washing machine, space for fridge freezer and window to front aspect.
Lounge - 4.34m x 3.07m maximum (14'3 x 10'1 maximum) - Having laminate flooring with door into kitchen, radiator and window to front aspect.
Bedroom One - 3.71m x 2.46m (12'2 x 8'1) - Having laminate flooring with space for large wardrobes, radiator and window to rear aspect.
Bedroom Two - 2.84m x 2.57m (9'4 x 8'5) - Having laminate flooring, radiator with window to rear.
Bathroom - White suite comprising:- low level W/C, wash hand wash basin and bath with shower over, tiled splash backs, radiator and opaque double glazed window to side.
Outside - To the front is a low maintenance block paved frontage along with a tarmac driveway providing off road parking and access into the car port.
The low maintenance rear garden is private, enclosed by close panelled fencing with a large shed for storage.
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 Luccombe Drive, Alvaston, Derby
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