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See how verdicts work4-bedroom flat · SK17 6LP
Listing removedListed 253 days
Opportunity summary
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About
Auction Commencing on Monday 09th March at 1pm and ending 24 hours later on Tuesday 10th March at 1pm with Auction House Notts and Derby Please register to bid via our website - auctionhouse.co.uk/nottsandderby Grinford House, SK17 6LP – Freehold Block of 4 Self-Contained One-Bedroom Flats Total Current Income: £29,700 per annum | Fully Let | Recently Refurbished *VIEWING BY REQUEST* A rare opportunity to acquire a freehold block of four self-contained one-bedroom flats, converted from a substantial former residence and offering immediate income with future value-add potential.
The property was originally purchased in 2016 as a large eight-bedroom house and subsequently converted back to bricks into four individual one-bedroom flats, each completed with full planning consent and Building Regulations sign-off.
The building has also benefitted from further refurbishment within the last 12–18 months, including updated kitchens, bathrooms, floor coverings and general redecoration.
All four flats are well-presented, self-contained and individually metered, and are currently occupied by professional tenants, providing a reliable and established income stream with no rental arrears.
Current Rent Roll: Flat 1 – £580 pcm Flat 2 – £600 pcm Flat 3 – £625 pcm Flat 4 – £600 pcm Total Gross Income: £2,475 pcm / £29,700 per annum The property is held on a single freehold title, offering scope for an incoming purchaser to create four individual leasehold titles (subject to consents), providing an opportunity to enhance capital value and refinance.
Located in a popular and well-connected area, the flats appeal strongly to the local rental market and offer a hands-off investment with long-term growth prospects.
Key Investment Highlights: Freehold block of 4 flats Fully let to professional tenants Converted with planning and Building Regulations approval Recently refurbished Combined income £29,700 per annum Scope for title splitting and increased GDV Strong rental demand location An ideal acquisition for investors seeking a secure income-producing asset with future upside.
Tenure: Freehold EPC Rating: see legals Administration Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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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
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FAQ
About Four Flats and Freehold, Grinford House, New Market Street, Buxton, Derbyshire SK17 6LP
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