Modern Method of Auction
Auction date not yet published
2-bedroom bungalow · DE21 7RZ
For saleReduced £14k (−9.7%) on 16 OctListed 43 days
Opportunity summary
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About
Summary No Onward Chain - a spacious and well located bungalow in the ever popular village of Spondon, Derby.
Description Ashley Adams are delighted to bring to market this spacious and well presented, two bedroom bungalow in the highly desirable Spondon area of Derby.
Sold with no onward chain, the accommodation in brief comprises of; entrance hall, kitchen, living room, two good size bedrooms and a shower room. Outsided can be found a detached garage and parking.
Perfect for those looking to enjoy single-storey living in a well-connected community, Spondon offers an excellent balance of convenience and village charm.
The area benefits from a variety of everyday amenities, including local shops, supermarkets, cafés, medical facilities, and well-regarded schools, all within easy reach.
Residents can also enjoy nearby green spaces and recreational facilities, creating an ideal setting for a relaxed and comfortable lifestyle.
Spondon is particularly popular with commuters thanks to its excellent transport links.
The village has its own railway station, providing direct connections to Derby and beyond, while easy access to the A52, A50 and M1 motorway makes travelling across the region straightforward.
Regular bus services also connect Spondon with Derby city centre and surrounding areas, making it a convenient location for those seeking both accessibility and a welcoming community atmosphere.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Hall Having internal doors to all rooms and access to the loft hatch. Double glazed UPVC door to the front elevation.
Kitchen Having space and plumbing for all white goods, with integrated oven and hob. Double glazed UPVC window to the front elevation. Radiator.
Living Room Having feature fireplace and double glazed UPVC doors and windows to the rear elevation. Radiator.
Bedroom One Having built in storage cupboard and double glazed UPVC window to the rear elevation. Radiator. Bedroom Two Double glazed UPVC window to the front elevation. Radiator.
Shower Room Having three piece suite to include walk in shower, W.C. And hand basin. Double glazed UPVC window with obscured glass to the front elevation. Heated towel rail.
Outside To the front, the property has a low maintenance garden and level access.
To the rear, the garden is laid mainly to patio with mature borders and trees, as well as access to the detached garage. There is also gated access to the resident's parking. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract. 3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Potential buyers are advised to recheck the measurements before committing to any expense. 5.
Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6.
Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
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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 26, The Covert, Derby
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