2-bedroom bungalow · DE21 7GL
For saleListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-maintained and attractively presented mid-terrace bungalow offered for sale with no upward chain.
Situated within a well-established development for the over-55s, this 80% shared ownership property enjoys a convenient location close to the heart of Spondon village, with its excellent range of local shops and amenities.
The accommodation benefits from double glazing and gas central heating throughout, with the boiler having been replaced approximately 18 months ago.
Externally, the property also includes one allocated parking space. An ideal opportunity for those seeking low-maintenance living in a popular and convenient village location.
In brief, the accommodation comprises: Reception hallway, living room, fitted kitchen, two bedrooms and shower room with a three piece suite.
Outside, the property benefits from well-kept communal gardens and grounds, and one allocated parking space nearby parking. There is an on-site warden and 24-hour Careline assistance.
Gascoigne Drive is conveniently situated for local amenities and shops within Spondon, together with good transport links to Derby City Centre and excellent road links with the A50, A52, access for East Midlands Airport and the M1 motorway.
Hallway 17'2" x 2'10" (5.2m x 0.9m) Living Room 13'1" x 10'6" (4.0m x 3.2m) Kitchen 9'7" x 5'9" (2.9m x 1.8m) Bedroom One 14'1" x 8'8" (4.3m x 2.6m) Bedroom Two 8'7" x 8'6" (2.6m x 2.6m) Shower Room 5'6" x 6'11" (1.7m x 2.1m) Leasehold Information We understand there is a service charge of approximately £171 per calendar month to Places For People.
Lease details are: 99 years from 24 November 1989. As with all leasehold properties we recommend that your legal representative confirm the terms and conditions of 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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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
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