3-bedroom bungalow · S40 2UP
For saleReduced £30k (−12%) on 1 OctListed 252 daysAuction 29 Oct · in 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £260,000 - £270,000 Situated on a corner plot within a quiet residential cul-de-sac, this three-bedroom detached bungalow offers an excellent opportunity for buyers seeking a home with clear potential to modernise and add value.
The accommodation is well laid out and generously proportioned, beginning with a bay-fronted lounge that provides a bright and spacious living area.
A fitted kitchen with space for dining sits to the rear of the property and offers scope for updating or reconfiguration to suit modern living.
Three good-sized bedrooms are served by a bathroom with a separate shower.
The property is presented in a condition that allows immediate use, while also clearly lending itself to a programme of cosmetic and internal modernisation - ideal for purchasers keen to put their own stamp on a home.
Occupying a corner position, the bungalow benefits from gardens to the front and side, creating a manageable outdoor setting well suited to those seeking low-maintenance living without the upkeep of a large garden.
A driveway provides off-street parking and leads to a detached garage, offering additional storage or practical workspace.
Offered with no onward chain, the property is well placed for local shops, green spaces and transport links, with Chesterfield town centre just a short drive away.
There are also several highly regarded schools in the area for students of all ages.
Energy Rating - D, Tenure: Freehold Redbrik securemovetm - important please read: Redbrik is marketing this property with the benefit of Redbrik SecureMoveTM.
Redbrik has introduced SecureMoveTM to help speed up the sales process, minimise sale fall-throughs and give more certainty to both the Seller and the Buyer.
Purchasers will benefit from the Buyer Information Pack (bip), which we have created with our legal partners, to give buyers more information before they agree to purchase.
The pack includes: TA6 (Property Information Form) TA10 (Fittings and Contents) Official Copy of the Register Title Plan Local Search* Water and Drainage Search* Coal and Mining Search* Environmental Search* (Redbrik has ordered the local, drainage, coal and environmental searches; we will add these to the bip as they become available) Redbrik SecureMoveTM allows the sale process to be completed significantly quicker than a ‘normal sale’.
This is because the legal work, usually done in the first four to eight weeks after the sale is agreed, has already been completed.
The searches, which can take up to five weeks, are ordered on the day the listing goes live and are transferable to the successful Buyer as part of their legal due diligence.
Additionally, and on behalf of the Seller, Redbrik requires the successful Buyer to enter into a Reservation Agreement and pay the Reservation Agreement Fee of £595 (including VAT).
This includes payment for the Buyer Information Pack and all the searches (which a buyer typically purchases separately after the sale is agreed).
Upon receipt of the signed Reservation Agreement, payment of the Reservation Agreement Fee, completion of id and aml checks and the issuing of the Memorandum of Sale, the Seller will agree to take the Property off the market and market it as Sold Subject To Contract (sstc).
During the Reservation Agreement period, the Seller will reject all offers and not enter into another agreement with any other buyer.
The reservation period is agreed upon at the time of sale but is usually between 60 and 120 days. The Reservation Fee is non-refundable except where the Seller withdraws from the sale.
A copy of the Reservation Agreement is available on request, and Redbrik advises potential buyers to seek legal advice before entering into the Reservation Agreement.
EPC Rating: D Garden Low maintenance grounds
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.
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About 2 Wilkinson Close, Chesterfield
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