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See how verdicts work2-bedroom bungalow · DE5 9QG
Sold STCReduced £10k (−5%) on 27 MayListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY -NO UPWARDS CHAIN- WITH IN WALKING DISTANCE TO LOCAL AMENITIES- SMARTMOVE HOMES are pleased to bring to the market this 2 bedroom detached bungalow comprising of an entrance hallway, spacious living room, kitchen, two bedrooms, family bathroom and a conservatory.
Outside there is an enclosed rear garden, fore garden and a long driveway which gives access to a single detached garage. To book a viewing please contact Smartmove Homes as soon as possible.
GROUND FLOOR ENTRANCE HALLWAY Door to the side elevation, loft access, central heating radiator and access to a storage cupboard.
LIVING ROOM Spacious reception room with a bow window to the front elevation, gas feature fireplace with surround and hearth and central heating radiator.
KITCHEN Fitted kitchen with matching wall and base units, work surface with composite 1 1/2 sink and drainer, space and connection for a gas cooker with extractor fan over, space and plumbing for a washing machine and space for a tall fridge freezer.
Window and door to the rear elevation, Laminate floor, Tiled splash backs and central heating radiator.
MASTER BEDROOM Double bedroom with window to the front elevation, built in wardrobes and central heating radiator. BEDROOM TWO Window to the rear elevation and central heating radiator.
BATHROOM Three piece bathroom suite comprising of a fitted bath, WC and wash basin over vanity unit. Obscure window to the rear elevation, central heating radiator and Vinyl floor.
CONSERVATORY Brick built and double glazed conservatory with sliding patio doors to the rear elevation.
OUTSIDE GARDEN Enclosed rear garden with a patio seating area, laid lawn, planted borders and outside water tap. To the front there is a low maintenance fore garden which has an iron rail surround.
OFF ROAD PARKING Long concrete driveway which leads up to a detached single garage which has an up and over door, power and lighting. OTHER INFORMATION EPC: C TENURE:FREEHOLD
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.
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FAQ
About Mill Lane, Codnor
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