2-bedroom house · DE3 0XL
Sold STCListed 226 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom, ground-floor apartment designed for over 55s offers direct access to beautifully maintained communal gardens and is located in the highly desirable village of Mickleover.
With no upward chain, the property is ideally situated close to local amenities and features resident parking, uPVC double glazing and a communal laundry room!
The accommodation includes a secure communal entrance, a private hallway with a built-in storage cupboard, a shower room, a spacious lounge/diner with French doors leading to the communal garden, a fitted kitchen with built-in oven and microwave in tower, integrated fridge freezer, a double bedroom complete with fitted wardrobes and a further single bedroom.
At the front, there is a communal parking area with plenty of off-road parking, and paved pathways lead to the main entrance.
The rear of the property features well-kept communal gardens with mature trees, established flower beds, and a lawned area.
Park Road is conveniently close to the heart of Mickleover village, offering easy access to shops, amenities, and regular bus services.
The location also benefits from excellent road links to the A38, A52, and A50, providing quick routes to the M1 motorway and East Midlands Airport.
Internal viewings are highly recommended to fully appreciate what this property has to offer. Annual charge is £2813.56 that covers April to March the following year.
No ground rent payable Admin charge to Stonewater is £240 to sell Management pack is £200 payable to Stonewater. Buyers need to be approved by Stonewater for age restriction.
Lease - Term : 99 years from 25 December 1985 Entrance Hallway 3'2" x 12'1" (1.0m x 3.7m) Lounge/Diner 9'6" x 19'6" (2.9m x 5.9m) Kitchen 6'5" x 7'2" (2.0m x 2.2m) Bedroom 9'4" x 11'5" (2.8m x 3.5m) Bedroom 8'2" x 7'1" (2.5m x 2.2m) Shower Room 9'3" x 5'10" (2.8m x 1.8m)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 The Dovedales, Park Road, Mickleover
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