3-bedroom detached house · DE11 9LF
Listing removedListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a lovely established residential location, handy for a wide range of amenities is this fantastic opportunity for a developer or investor.
Offering a unique combination of a Victorian detached three bedroom home ready for modernisation, together with a large adjoining garden plot with outline planning permission for three dwellings fronting Station Street.
The house itself has accommodation arranged over two floors, with a front entrance door opening into the hall with staircase off to the first floor and door leading through to an open plan lounge/diner with window to rear and a door opening through to a breakfast kitchen with base and eye level units, window to side and door to a conservatory which is ready for replacement or repair.
Off the kitchen is also a ground floor bathroom with airing cupboard and window to side.
To the first floor, the landing has doors leading off to three bedrooms, and the property also has the benefit of an outhouse and garden store/outbuilding to the rear.
Standing on a fantastic garden plot with established lawned gardens, with a driveway onto Spring Street and a single garage plus additional store/utility room.
There is also a second single detached garage which is accessed off Station Street, and the property also has the benefit of outline planning permission granted in December 2022 for a pair of semi detached properties and a detached property, with matters access, scale, layout, appearance and landscaping reserved for later consideration.
Planning ref no DMPA/20221560. A full copy of the planning documents available on the South Derbyshire council website or from our office.
Agents note: We understand the house and the garden with outline planning are under two separate land registry titles. There is no gas connected to the property.
There are no mains services to the plot. Tenure: Freehold (purchasers are advised to satisfy themselves as to the tenure via their legal representative).
Please note: It is quite common for some properties to have a Ring doorbell and internal recording devices.
Property construction: Standard Parking: Off road Electricity supply: Mains Water supply: Mains Sewerage: Mains Heating: N/A (Purchasers are advised to satisfy themselves as to their suitability).
Broadband type: TBC See Ofcom link for speed: Mobile signal/coverage: See Ofcom link Local Authority/Tax Band: South Derbyshire District Council / Tax Band B Useful Websites: Our Ref: JGA16122024 The property information provided by John German Estate Agents Ltd is based on enquiries made of the vendor and from information available in the public domain.
If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.
We are required by law to comply fully with The Money Laundering Regulations 2017 and as such need to complete AML ID verification and proof / source of funds checks on all buyers and, where relevant, cash donors once an offer is accepted on a property.
We use the Checkboard app to complete the necessary checks, this is not a credit check and therefore will have no effect on your credit history.
With effect from 1st March 2025 a non-refundable compliance fee of £30.00 inc.
VAT per buyer / donor will be required to be paid in advance when an offer is agreed and prior to a sales memorandum being issued.
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
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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.
Area
Agent & docs

FAQ
About 50, Spring Street
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