2-bedroom semi-detached house · DE21 7GL
Sold STCListed 538 days
Opportunity summary
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About
SUMMARY We are pleased to offer to the market this two bedroom bungalow in the sought after location of Spondon, the property is only a short distance from Spondon village which offers a range of local amenities and brilliant access to a range of transport links including bus routes to Derby and Nottingham.
DESCRIPTION We are pleased to present this well maintained two bedroom bungalow, set within an over 55’s development and sold on an 80% shared ownership basis.
This is a well positioned two bedroom bungalow set within an over 55’s development in sought-after Spondon, sold with the benefit of no upward chain and very well presented throughout.
The property comprises of a hallway, lounge, kitchen, two bedrooms and bathroom. To the rear is an open garden and to the front is allocated parking for each property.
Entrance Hall Entrance via UPVC door into hallway which leads to room areas of the property. Carpet flooring, one radiator and fitted cupboard.
Lounge 13' 1" x 10' 6" ( 3.99m x 3.20m ) UPVC double glazed window to front elevation, carpet, one radiator and electric fire.
Kitchen 9' 7" x 5' 7" ( 2.92m x 1.70m ) Range of wall and base units, integrated oven and gas hob, plumbing for washing machine and storage unit cupboard.
UPVC double glazed window to rear and one radiator.
Bedroom One 14' 1" x 8' 6" ( 4.29m x 2.59m ) UPVC double glazed door and window facing rear elevation and leading into garden space, carpet flooring and one radiator.
Bedroom Two 8' 8" x 8' 4" ( 2.64m x 2.54m ) UPVC double glazed window facing front elevation, carpet flooring and one radiator.
Bathroom Wet room comprising of shower space, UPVC double glazed window to rear, WC, sink and one radiator. Lease details are currently being compiled.
For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs. 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.
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
Agent & docs
FAQ
About Gascoigne Drive, Spondon, Derby
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