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See how verdicts work2-bedroom bungalow · DE24 9FB
Listing removedReduced £20k (−8.7%) on 20 JunListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two-bedroom detached bungalow offering fantastic potential and situated the highly popular residential location of Shelton Lock, Derby.
The property requires modernisation but provides generous living space throughout, including a spacious living room, two double bedrooms, a large kitchen diner and an impressive-sized conservatory.
The home benefits from uPVC double glazing and central heating. Outside, the front offers a driveway for multiple vehicles leading to a detached garage.
To the rear is an extensive garden featuring a large patio area and ample planting space. An ideal opportunity for buyers looking to add value and create a superb home in a sought-after area.
Viewing is essential. Hallway A welcoming hallway with a central heating radiator, a handy storage cupboard and access to the living room, both bedrooms and the kitchen diner.
Completed with a uPVC front door. Living Room (4.83m x 3.43m) A spacious living room featuring uPVC double glazed windows to the front, a central heating radiator, carpeted flooring.
The focal point of the room is the gas fireplace, set centrally with a tiled brick surround.
Kitchen Dining Room (4.55m x 3.05m) Fitted with a stainless steel sink, uPVC double glazed window to the rear and space for appliances.
Offers ample storage throughout and includes a central heating radiator.
Bedroom One (3.63m x 3.45m) A large double bedroom with uPVC double glazed windows looking into the conservatory, carpeted flooring and a central heating radiator.
Bedroom Two (3.25m x 2.51m) Double bedroom featuring uPVC double glazed window to the front, carpeted flooring and a central heating radiator.
Shower Room (1.93m x 1.68m) Includes a uPVC double glazed window to the side of the property, central heating radiator and is fitted with a wash basin and WC.
Conservatory (3.35m x 3.25m) A generous conservatory featuring a large central heating radiator, uPVC double glazed windows and patio doors opening to the garden and carpeted flooring.
Outside Front: Driveway providing parking for multiple vehicles, along with planted areas and gravel, leading to the detached brick-built garage and the garden.
Rear: An expansive and impressive rear garden offering a generous amount of planting space, patio area and a pond.
Value & comps
No previous sales on record.
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 asking
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 23, Shelton Drive, Derby
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