3-bedroom house · DE23 6DJ
Sold STCReduced £160k (−32.3%) on 17 AugListed 129 days
Opportunity summary
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About
Development & renovation opportunity with building plots - An attractive Edwardian detached property of style and character with double detached garage and this most generous mature garden plot.
This substantial garden area includes a building plot with outline planning consent granted for the construction of two three bedroom semi-detached dwellings.
The property is situated in this highly convenient cul-de-sac location in the heart of Littleover village close to an excellent range of local amenities and also located within the catchment area for Littleover School & Wren Park Primary School.
A rare and exciting development opportunity to acquire an attractive, Edwardian three-bedroom detached residence, requiring modernisation, together with a valuable building plot benefiting from outline planning permission for the construction of two new semi-detached homes within the adjoining garden.
The main property also has a gated driveway to the rear with access to a double detached garage.
As part of the approved scheme, alterations will be required to the existing property to ensure that the principal windows of No. 15 Heath Avenue do not overlook the proposed new homes.
Further details can be found on the local authority planning portal under application reference 24/01345/ful The approved alterations to the existing house will create accommodation comprising an entrance hallway, guest cloakroom shower wc, an east-facing lounge, dining room, dining kitchen with a side porch/utility room.
Upstairs, the first floor landing gives access to three bedroom with en-suite shower room, two further bedrooms and a family bathroom.
The proposed semi-detached properties will each comprise an entrance hallway, guest cloakroom wc, dining kitchen to the front elevation, and a rear lounge with bi-fold doors opening onto the garden.
To the side will be a tandem driveway, while the first floor will provide three bedrooms and a family bathroom.
Further details can be found on the local authority planning portal under application reference 24/01435/out We believe the proposed dwellings will prove highly desirable, occupying a popular and convenient residential position in the heart of Littleover village centre.
The Location The property occupies a convenient location just a short stroll from Littleover Village centre to include an excellent range of local shops and amenities.
These include a supermarket, Post Office, petrol station, coffee shop and a further range of retail outlets.
This location is also well positioned for employment opportunities at Rolls-Royce, Toyota, Derby University and The Royal Derby Hospital.
There is also swift access to the A38 and A50 leading to the M1 motorway and the main motorway network The property also falls within the catchment area for the noted Littleover Community School and Wren Park Primary School.
Private education is also within easy access at Derby High School and Derby Grammar School for boys.
Aml Verification In accordance with UK Anti-Money Laundering Regulations, all buyers will be required to complete an identity verification check when an offer is accepted.
A fee of £25 + VAT per purchaser is payable.
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.
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