Summary - Broadgorse Close, Chesterfield, Derbyshire, S40 S40 2LB
1 bed 1 bath Apartment
Large bright one-bedroom apartment — strong buy-to-let yield or ideal first-time purchase with scope to update..
Circa 7% buy-to-let yield potential
Generous 687 sq ft for a one-bedroom apartment
Leasehold with ~104 years remaining
Dated kitchen — likely requires updating
Mains gas boiler and radiators; double glazing present
System-built block (1976–82) with external insulation
Communal car park; first-floor accessed by stairs
Area classified as deprived; above-average crime rates
A spacious, bright one-bedroom apartment arranged over two levels, offering around 687 sq ft of living space — generous for its type. The layout includes a large double bedroom with built-in storage, a well-lit lounge with large windows, a compact kitchen and a functional bathroom. A separate study adds flexibility for home working or extra storage. The property sits on the first floor of a low-rise, mid‑20th century development with communal parking and nearby local amenities.
This property suits first-time buyers seeking roomy accommodation and buy‑to‑let investors: current information indicates a prospective BTL yield of circa 7%. Practical details are solid on paper — a long lease (approx. 104 years), mains gas boiler with radiator heating, double glazing and fast broadband in the area. Council tax is very low, which helps running costs.
There are a few material points to note. The building is a system-built block constructed in the late 1970s–early 1980s and may show typical dated finishes; the kitchen is described as dated and likely needs updating. The local area is classified as deprived with above-average crime rates, so buyers should consider location suitability carefully. The property is leasehold; prospective purchasers should verify service charges and ground rent.
Overall, this apartment offers immediate rental or owner-occupier potential with scope for cosmetic improvement to increase value or rental income. It will particularly appeal to buyers prioritising space, low running costs and strong rental returns, but those wanting a low-crime, higher‑status neighbourhood may wish to look elsewhere.
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