2-bedroom bungalow · DE55 1RR
Listing removedListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A spacious two-bedroom bungalow occupying a generous plot with ample parking, detached garage, conservatory, and an extensive enclosed rear garden.
Description Needs Full Modernisation and Renovation Situated in a popular residential location this two-bedroom bungalow offers spacious single-storey living and occupies a generous plot with ample off-road parking, a detached garage, and an impressive rear garden.
The property provides well-proportioned accommodation throughout, including a spacious hall, a comfortable lounge, fitted kitchen, family bathroom, two bedrooms, and a full-width conservatory overlooking the garden.
Externally, the property benefits from a large frontage with a driveway leading to the detached garage, mature lawned gardens, and a substantial enclosed rear garden offering excellent potential for landscaping or extension, subject to the necessary permissions.
Offered with fantastic potential for modernisation and personalisation, this bungalow presents an excellent opportunity for downsizers, first-time buyers, or those seeking a property with scope to add value.
Viewing is highly recommended to appreciate the space and potential on offer. 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.
Hall The hallway provides access to all principal rooms. Radiator and window to the front elevation. Lounge A bright and spacious reception room with radiator and carpet flooring.
A brick built fire surround and doors leading to the conservatory. Conservatory The home is entered via the conservatory.
This room offers additional versatile living space and enjoys attractive views over the rear garden. Door leading to the kitchen and a door leading to the rear garden.
Kitchen Fitted with a range of base and wall-mounted units with work surfaces over. Providing space for appliances and ample storage. Oven and hob with extractor hood over.
The kitchen enjoys direct access to the conservatory. Bedroom One With window to the front elevation and built in wardrobes providing storage space. Carpet flooring, ceiling light and radiator.
Bedroom Two With bay window to the front elevation, radiator, carpet flooring and ceiling light. Bathroom Three piece suite comprising of panel bath, W/C and wash hand basin.
Tiling to the walls and window to the side elevation. Outside The property is set back from the road behind a lawned front garden with mature planting.
A driveway provides ample off-road parking and leads to the detached garage. A standout feature of the property is the generous enclosed rear garden.
It is mainly laid to lawn with fenced boundaries and mature planting, 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: Connells 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: Connells 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.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About 13, Lavender Road, Alfreton
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