2-bedroom bungalow · DE22 2QS
Sold STCListed 192 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO UPWARD CHAIN Located in the sought-after area of Allestree and just a short walk from the popular Park Farm Shopping Centre, this spacious and well-presented, two double-bedroom detached bungalow is offered for sale with no upward chain.
With a generous lounge, fitted kitchen, modernised shower room and a new boiler installed in January 2025, an internal viewing is highly recommended!
Benefitting from uPVC double glazing and gas central heating, the accommodation in brief comprises: Entrance Hall; spacious lounge; fitted kitchen; uPVC double glazed conservatory; double bedroom with fitted wardrobes; second good sized bedroom and a fitted shower room.
To the front of the property is a neat lawned garden space alongside a driveway providing ample off-road parking and having gated access alongside the property to a detached garage at the rear.
To the rear is an enclosed garden space with patio seating area and lawn.
Melbourne Close is extremely convenient for local amenities, including well-regarded schools, shops (particularly the Park Farm Shopping Centre with its many revered local businesses), as well as having fantastic road and public transport access to Derby, the Royal Derby Hospital, Derby University, Markeaton Park, Darley Park and Allestree Park.
Entrance Hall Lounge 16'0" x 10'5" (4.9m x 3.2m) Conservatory 11'10" x 10'2" (3.6m x 3.1m) Kitchen 10'10" x 8'0" (3.3m x 2.4m) Bedroom One 11'10" x 11'8" (3.6m x 3.6m) Bedroom Two 9'7" x 8'4" (2.9m x 2.5m) Shower Room 6'0" x 5'7" (1.8m x 1.7m) 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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Melbourne Close, Allestree
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