2-bedroom bungalow · S40 4YD
For saleListed 188 days
Opportunity summary
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About
Tenure: Leasehold Over 55's bungalow - 50% shared ownership - cul-de-sac position - no chain Offered for sale on a 50% shared ownership basis and subject to an Over 55's age restriction, is this delightful end terraced bungalow sat at the head of this popular cul-de-sac.
The property offers easily managed and neutrally decorated accommodation, which includes a good sized living room, two bedrooms, a fitted kitchen and shower room.
There are also communal gardens and parking.
Conveniently placed for the shops and amenities on Wardgate Way and just a short distance from Holmebrook Valley Park, this property also enjoys good transport links into the Town Centre.
EPC Rating: D General Gas central heating (Baxi Boiler) Mahogany effect uPVC sealed unit double glazed windows and doors Gross internal floor area - 47.0 sq.m./506 sq.ft.
Council Tax Band - A Tenure - Leasehold (Paragraph) A uPVC double glazed front entrance door opens into a ... Bedroom Two (2.74m x 2.13m) A good sized front facing single bedroom.
Bedroom One (3.78m x 2.69m) A good sized front facing double bedroom having a range of fitted wardrobes with sliding doors along one wall.
Living Room (3.89m x 3.71m) A good sized reception room having a feature fireplace with wood surround, marble effect inset and hearth, and an inset coal effect gas fire.
A uPVC double glazed sliding patio door overlooks and opens onto a rear patio.
Kitchen (2.92m x 2.13m) Being part tiled and fitted with a range of white wall, drawer and base units with complementary work surfaces over. Inset single drainer stainless steel sink with mixer tap.
Space and plumbing is provided for a washing machine, and there is space for a freestanding cooker. A door gives access to a useful built-in store cupboard.
Shower Room (2.13m x 1.85m) Being part tiled and fitted with a white 3-piece suite comprising a corner shower cubicle with electric shower, pedestal wash hand basin and a low flush WC.
Built-in airing cupboard housing the hot water cylinder. Vinyl flooring. Additional Information The property is subject to an Over 55 age restriction.
Any prospective purchaser will be required to complete an application form and provide proof of age for the approval of the Guinness Partnership.
This property is Leasehold - 99 Year Lease from 01/05/1988 - 61 years remaining. Rent: £181.93 per calendar month.
Service Charge: £1237.44 per annum - which covers window cleaning, exterior building maintenance, buildings insurance and grounds maintenance.
Payments payable to The Guinness Housing Partnership Garden There is a decoratrive plum slate forecourt garden and path lading up to the front entrance door.
There is also a small attached wooden store. There are communal gardens to the front, side and rear, the rear also having a paved seating area. There are also communal parking bays.
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 11, Rednall Close, Chesterfield
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