3-bedroom house · DE74 2FT
Listing removedListed 400 days
Opportunity summary
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About
**No chain** Excellent opportunity to purchase a refurbishment project in Kegworth village. **No chain** 3 bedroom, terraced house in popular Kegworth village.
The property is in need of some refurbishment. This would make an excellent project to add value to and is offered to market with no onward chain and empty possession.
It comprises 3 bedrooms,including 2 doubles, 2 substantial reception rooms, a fitted kitchen, bathroom with separate toilet,both of which have been recently refurbished, a rear porch and an enclosed rear garden.
The property has been extended in the past and is larger than it seems from the front. New Street is a popular street in Kegworth, close to local shops and amenities.
The property is located in the popular village of Kegworth. With excellent transport links, it is within commuting distance of Nottingham, Derby, Leicester and London, with regular trains to St.
Pancras from East Midlands Parkway railway station and close to the M1 motorway. It is also conveniently located for Donington Park Motorsport Circuit and Nottingham East Midlands Airport.
The village is also close to Sutton Bonington Campus of Nottingham University.
Ground Floor - Reception Room 1 - 4.14m x 3.51m (13'7 x 11'6) - The largest of the two reception rooms is accessed via a uPvc front door, and has a fireplace and stairs leading up to the first floor.
There is an open archway into the second reception room.
Reception Room 2 - 3.33m x 3.33m (10'11 x 10'11) - The second of the two reception rooms has previously been used as a dining room but has flexible use.
There is an open fireplace with wood burner and access through to the kitchen.
Kitchen - 3.56m x 2.11m (11'8 x 6'11) - Good sized fitted galley kitchen with a gas oven, double stainless steel sink with mixer tap and drainer, plumbing for a washing machine and good quality wooden units.
There is access thorough to the rear porch. The previous owner used the back door as the main entrance to the home and used the porch for shoes and coats.
First Floor - Bedroom 1 - 3.40m x 3.10m (11'2 x 10'2) - Double bedroom with a rear facing aspect Bedroom 2 - 3.99mx 2.49m (13'1x 8'2) - Double bedroom with a front facing aspect Bedroom 3 - 2.69m x 2.62m (8'10 x 8'7) - Single bedroom with a front facing aspect Bathroom - 2.77m x 1.96m (9'1 x 6'5) - Family bathroom which has recenlty been part refurbished.
It has a full length white bath with shower over, a white vanity hand basin, heated towel rail, grey flooring and cream tiles to the walls, there is a large storage cupboard.
The separate WC has also recently been refurbished. Outside - There is access to the rear of the property via a passageway, the rear garden is private and fully enclosed.
It has a brick outbuilding which is attached to the property and therefore could be converted to enlarge the kitchen or provide a downstairs toilet.
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 New Street, Kegworth
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