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See how verdicts work4-bedroom bungalow · DE55 5HT
Listing removedListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
'This detached bungalow occupies a substantial plot of approximately one-third of an acre and offers considerable potential.
The property requires comprehensive refurbishment and modernisation throughout but presents an excellent opportunity for a purchaser to improve and enhance the accommodation to their own specification." Excellent Refurbishment Opportunity An excellent refurbishment opportunity, this detached bungalow occupies a substantial plot of approximately one-third of an acre and offers spacious, well-proportioned accommodation throughout.
Requiring comprehensive modernisation, the property presents significant scope for a purchaser to enhance and improve the existing layout to their own taste and specification.
The generous room sizes, extensive plot and attractive setting combine to create a property with considerable potential, making it an exciting prospect for those seeking a rewarding renovation project.
The Finer Details Situated in the popular village of Hilcote, Alfreton, this four-bedroom detached bungalow occupies a substantial plot of approximately one-third of an acre and presents an excellent refurbishment opportunity.
Requiring modernisation throughout, the property offers generous accommodation with well-proportioned rooms and significant potential for improvement, making it ideal for purchasers looking to create a home to their own specification.
The accommodation is accessed via an entrance hallway which leads to a spacious living room featuring a large window overlooking the front aspect, allowing for plenty of natural light.
The property also benefits from a kitchen, utility room and a further generously sized reception room positioned to the rear of the bungalow.
Whilst refurbishment is required, the excellent room sizes throughout provide a fantastic foundation for enhancement and modernisation.
There are four spacious bedrooms, all offering good proportions and flexibility for family living, together with a family bathroom.
The accommodation provides ample scope for reconfiguration or upgrading, subject to a purchaser's requirements, with all rooms offering excellent potential.
Externally, the property occupies a generous plot extending to approximately one-third of an acre. To the front is a large driveway providing ample off-road parking and access to a garage.
The rear garden features a patio area, extensive lawn, mature shrubs and established trees.
Whilst the grounds require attention and landscaping, they offer considerable potential to create an attractive outdoor space and fully maximise the size and setting of this substantial plot.
Life In Hilcote, Alfreton Hilcote is a popular Derbyshire village situated on the outskirts of Alfreton, offering a peaceful setting with a strong sense of community.
Surrounded by open countryside, the village provides an attractive balance between rural living and everyday convenience, making it a desirable location for a wide range of buyers.
The nearby town of Alfreton offers an excellent range of amenities, including supermarkets, independent shops, cafés, restaurants, healthcare facilities and leisure services.
There are also well-regarded schools in the surrounding area, making the location particularly appealing to families.
For those who enjoy the outdoors, the surrounding Derbyshire countryside provides numerous opportunities for walking, cycling and recreation, whilst nearby parks and green spaces offer further opportunities to enjoy the natural environment.
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.
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FAQ
About Cedar Lodge, New Lane, Alfreton
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