2-bedroom terraced house · NG19 7SJ
Listing removedListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom end-terrace property situated in the popular location of Pleasley!
The property is close to the town centre, good transport links, two primary schools and Pleasley pit county park leading to the five pits trail.
Internally, there is a spacious lounge, kitchen dining room with newly fitted units and flooring and shower room to the ground floor. To the first floor there are two great sized bedrooms.
Outside, there is a garden to the front of the property. The property would make an ideal investment as the current owner has completed majority of the works but the final touches are needed!
(SOLD AS SEEN) Auctioneer Comments - This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, Iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with Iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted.
Listing is subject to a start price and undisclosed reserve price that can change.” Lounge Composite door to the front, double glazed window to the front and side and a radiator.
Kitchen Dining Room Double glazed window to the rear and side and a radiator. Shaker style base and wall mounted units, rolled edge work surfaces, stainless steel sink and mixer tap.
Integrated oven, hob and extractor fan. Space for additional appliances. Shower Room Double glazed window to the side. A WC and shower which is in need of fitting. A wash hand basin.
Bedroom One Double glazed window to the front, a radiator and new carpet flooring. Bedroom Two Double glazed window to the rear, a radiator and new carpet flooring.
Value & comps
No previous sales on record.
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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
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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 Grove Cottages, Pleasley, Mansfield, Nottinghamshire, NG19
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