2-bedroom bungalow · DE24 0TS
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
75% Shared Ownership A two-bedroom bungalow situated in an established retirement development in the highly popular location of Alvaston.
An internal viewing is highly recommended to fully appreciate the accommodation on offer, having the benefit of double glazing, electric storage heaters, spacious living accommodation along with communal gardens and an allocated parking space!
In brief, accommodation comprises; Entrance hallway with a storage cupboard, a spacious lounge, fitted kitchen, two bedrooms and a bathroom having a three piece suite.
To the outside are communal resident gardens and an allocated parking space.
The property also has the benefit of an intercom system with special assistance pull cords and within the development a communal lounge.
The property is well situated for local amenities including shops, transport links and major road links.
Hallway 10'1" x 3'5" (3.1m x 1.0m) Living Room 14'1" x 11'4" (4.3m x 3.5m) Kitchen 7'7" x 9'2" (2.3m x 2.8m) Bedroom 1 9'9" x 12'3" (3.0m x 3.7m) Bedroom 2 7'8" x 7'8" (2.3m x 2.3m) Bathroom 5'11" x 7'0" (1.8m x 2.1m) Service Charge Service Charge – £120.52 Lease Term – 62 years left on the lease.
Buyer Information: 1. Anti-Money Laundering (AML) Regulations: We are legally required to verify all purchasers. The cost is £24 (inc VAT) per person. 2.
General: These sales particulars are intended as a general guide only. If any detail is especially important, please contact us—particularly if you’re travelling a long distance to view. 3.
Measurements: All measurements are approximate and provided for guidance only. 4. Services: Services, equipment, and appliances have not been tested.
Buyers should arrange their own surveys or inspections. 5. These details are given in good faith but do not form part of any offer or contract. Information should be independently verified.
Hannells Limited and its employees or agents are not authorised to make representations or warranties regarding the property.
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 advisors 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
FAQ
About Lilian Prime Close, Alvaston
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