1-bedroom flat · DE55 2BN
Let agreedReduced £50 (−7.4%) on 10 SepListed 186 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A recently renovated one bedroom ground floor flat in the heart of South Normanton. Accommodation comprises of living kitchen, bedroom, shower room and seperate WC.
This property is a short distance from local schools, convenience shops as well as benefitting from good national commuting via the A38 & M1 road networks with Alfreton Train Station a short drive away.
Rent includes electric and water bills does not include any other utilities. Council Tax - Bolsover District Council band A, EPC Rating - . Maximum broadband speed - 10000 mbps, Flood Risk - Very Low.
Mobile coverage - EE - Good outdoors, O2 - good outdoors, 3 - good outdoors, Vodafone - Good outdoors.
Broadband speed check and mobile coverage data has been collected from and is correct at time of listing. What3words///items.forum.dose.
Entrance Hall - Electric Heater, Consumer unit, smoke detector, two pendant light fittings and UPVc double glazed entrance door. Stairs leading to ......
Living kitchen - 3.98m x 3.77m - Carpeted flooring to lounge, Vinyl flooring to kitchen, range of wall and base units, freestanding under counter fridge freezer, stainless steel sink and drainer, two ring hob, electric oven, stainless steel extractor hood above, UPVc double glazed window, appliance space, pendant light fitting to lounge, inset spotlights to kitchen, loft hatch, smoke detector.
Bedroom - 4.93m x 1.93m to a maximum 2.47m - Pendant light fitting, UPVc double glazed window, carpeted flooring, storage area with sloped flooring.
Shower Room - 2.22m to a maximum 3.23m x 1.87m - Vinyl flooring, two UPVc double glazed opaque windows, pedestal wash hand basin, loft hatch, low WC with push button flush, inset spotlights, extractor fan, aquaboarding to wet areas and shower cubicle with plastic tray and triton T80 shower.
Bond - Upon being selected to be put forward for referencing, the successful applicant will be required to pay a £196.00 holding deposit which will be deducted from the bond of £980.00.
Rent is to be paid in advance by monthly bank standing order.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About 1B, Market Place, Alfreton
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