3-bedroom bungalow · DE22 2DA
Sold STCListed 54 daysAuction 1 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY AUCTION THURSDAY 1st OCTOBER 2026 Description Set well back from the road, is a well-equipped and extended three bedroomed detached dormer bungalow, occupying a very popular residential location being conveniently positioned for Park Farm Shopping Centre with vacant possession.
Internally the property requires some upgrading and in brief the uPVC double glazed and gas centrally heated living accommodation in brief comprises:- L-shaped side entrance hall with stairs, generous sized lounge with brick extension which houses a dining room with patio doors, fitted kitchen with pantry, two well proportioned bedrooms and wet room.
To the first floor landing there is a good sized bedroom with wardrobes (In our opinion there is potential to create a small en-suite where there wardrobe backs onto the old airing cupboard located off the landing subject to building regulations).
Outside to the front there is a deep well-stocked fore garden with adjacent driveway providing ample car standing space with car port.
Immediately to the rear there is an enclosed easy to manage garden that offers a certain degree of privacy.
The sale provides a genuine opportunity for a discerning purchaser looking to acquire a very attractively priced freehold residential investment property, enjoying a well regarded and highly convenient residential location.
Costs Auction Details The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts: • 5% deposit (subject to a minimum of £5,000) • Buyer’s Fee of 4.8% inc.
VAT of the purchase price (subject to a minimum of £6,000 inc. VAT) There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack.
You must read the Legal Pack carefully before bidding. Additional Information For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
General Please Note We are advised by the seller that there has been remedial work completed with regards to minor subsidence due to cracking between the extension and the lounge.
This was due to large trees close to the property draining the moisture from the soil causing movement.
The trees have been removed and the outer brickwork rectified and plastering completed inside the property. A Certificate of Structural Adequacy (COSA) will be contained in the legal pack.
This work has a guarantee of 5 years.
L-shaped 8'7" x 6'9" (2.6m x 2.1m) Lounge 17'0" x 8'3" (5.2m x 2.5m) Extended Dining Room 14'9" x 9'1" (4.5m x 2.8m) Fitted Kitchen 19'7" x 7'7" (6.0m x 2.3m) Pantry 6'1" x 2'3" (1.9m x 0.7m) Bedroom One 12'0" x 9'9" (3.7m x 3.0m) Bedroom Two 8'7" x 8'7" (2.6m x 2.6m) Wet Room 10'0" x 9'1" (3.0m x 2.8m) First Floor Landing (with airing cupboard) 9'1" x 6'0" (2.8m x 1.8m) Bedroom Three 10'0" x 9'1" (3.0m x 2.8m) 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. 6.
Additional AML Charges may apply for complex cases, including trusts, overseas companies, overseas owners, or company structures requiring enhanced due diligence and verification.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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
Agent & docs

FAQ
About Birchover Way, Allestree
Explore nearby