2-bedroom bungalow · DE24 0GN
Listing removedReduced £20k (−9.5%) on 27 MayListed 252 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN – A well-proportioned two-bedroom detached bungalow, set within a prime and highly regarded location on Chapman Avenue, one of Alvaston’s most desirable bungalow streets.
The property would benefit from some cosmetic updating, but offers excellent potential, complemented by a generous south-facing rear garden, driveway parking, garage and spacious internal layout.
The bungalow is fully double glazed, has been re-wired and is heated via gas central heating with a recently installed combination boiler.
The accommodation briefly comprises an entrance hall, bay-fronted living room, separate dining room with pantry, an extended fitted kitchen, two good-sized double bedrooms and a family bathroom fitted with a shower over the bath.
Externally, the private rear garden enjoys a sunny southerly aspect and features a large lawn, enclosed fenced boundaries, mature trees and shrubs, along with a greenhouse and a detached garage.
To the front, the property benefits from driveway parking, an electric vehicle charging point and secure gated access to the side of the bungalow.
Chapman Avenue remains a consistently popular location, particularly for bungalows, and an internal viewing is highly recommended to fully appreciate the space, setting and future potential this property has to offer.
Hallway 3'10" x 11'1" (1.2m x 3.4m) Living Room 11'10" x 11'1" (3.6m x 3.4m) Dining Room 9'0" x 10'10" (2.7m x 3.3m) Kitchen 13'6" x 6'1" (4.1m x 1.9m) Bedroom 1 11'9" x 13'3" (3.6m x 4.0m) Bedroom 2 9'3" x 10'11" (2.8m x 3.3m) Bathroom 4'8" x 7'8" (1.4m x 2.3m) 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
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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 Chapman Avenue, Alvaston
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