2-bedroom bungalow · DE23 6NS
Sold STCListed 78 daysAuction 1 Oct · ended
Opportunity summary
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About
For sale by Auction on 01 October 2026.
*** ATTRACTIVELY PRICED FREEHOLD RESIDENTIAL INVESTMENT*** Enjoying a popular and convenient cul-de-sac location, literally on the door step of Normanton Park, is a two double bedroomed chalet style detached bungalow, requiring a scheme of improvement and modernisation with vacant possession.
Internally the versatile living accommodation has the benefit of being uPVC double glazed and gas centrally heated and in brief comprises:- Side entrance hall, full width front sitting room, separate dining room, fitted kitchen and uPVC double glazed conservatory.
To the first floor landing there are genuine two double bedrooms and bathroom.
Outside to the front the property is set well back from the road behind a fore garden with boundary hedge and driveway providing ample car standing space leading a single detached garage with up and over door.
Immediately to the rear there is an enclosed mature garden.
The property occupies a sought-after residential location, conveniently positioned for Derby's inner ring road which provides swift access onto several retail parks, city centre, Royal Derby Hospital and the A38.
Side entrance hall with stairs 11ft 6 x 6ft 4 Full width front sitting room 18ft x 14ft Separate dining room 12ft 1 x 7ft 9 Fitted kitchen 12ft 3 x 8ft 5 uPVC double glazed conservatory Not inspected First floor landing Bedroom one 13ft 9 x 10ft 5 restricted height Bedroom two 12ft x 10ft 5 restricted height Fitted bathroom 6ft 4 x 6ft Outside Tenure: Freehold EPC Rating: Awaited Terms: Auction Details The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of 1.2% inc.
VAT of the purchase price (subject to a minimum of £1,500 inc. VAT) There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack.
You must read the Legal Pack carefully before bidding. Additional Information For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 58 Chatsworth Street, Derby DE23 6NS
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