We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · DE21 7AJ
Listing removedReduced £20k (−7.7%) on 25 JunListed 189 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In the uk’s big open house event, 24th – 26th April, call for more details Located on the ever-popular Charles Avenue in Spondon, this traditional three-bedroom semi-detached property presents an excellent opportunity for buyers looking to create their ideal home.
Occupying a generous plot, the property offers well-proportioned accommodation throughout, including two bright and spacious reception rooms and a separate kitchen with ample potential for reconfiguration or extension (subject to the necessary consents).
To the first floor are three bedrooms and a family shower room with separate WC, providing comfortable living space for families or those seeking additional room to grow.
Externally, the home benefits from off-road parking and a sizeable rear garden, offering fantastic potential for landscaping, outdoor entertaining, or further development.
The generous plot size makes this an especially appealing prospect for those looking to add value.
Requiring a degree of modernisation, the property provides a blank canvas for purchasers to update and personalise to their own taste and specification.
Offered to the market with no upward chain, this is a rare opportunity to secure a home in a well-established and convenient location, close to local amenities, reputable schools, and excellent transport links.
Early viewing is highly recommended to fully appreciate the potential on offer.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 15, Charles Avenue, Derby
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