Summary - 15 FAIRFIELD ROAD CHESTERFIELD S40 4TR
3 bed 2 bath Apartment
Auction sale with strong rental demand and clear refurbishment upside.
Freehold sale includes both 15 and 15a apartments
A rare freehold lot comprising two self-contained apartments — a ground-floor one-bedroom and a two-bedroom first-floor — in central Chesterfield. The sale includes both 15 and 15a Fairfield Road, offering an immediate multi-let opportunity with strong local rental demand and clear yield potential.
The buildings date from the early 20th century and retain period features, solid brick walls and high ceilings, but require some modernisation throughout. Both flats have electric storage heating, double glazing of unknown age and EPC ratings of E; the property likely needs insulation and upgrading to maximise returns.
Practical positives include permit parking, a rear yard, very low council tax bands (A) and a city-centre location within walking distance of shops, transport and local amenities. Important sale terms: the property is offered by modern auction, is subject to a reserve price, and carries non-refundable buyer fees and a Reservation Fee on completion — factor these into any purchase calculation.
This lot suits an investor prepared to carry out planned improvement works to raise EPC and rental value, or a buyer seeking a refurbishment project with immediate multi-tenancy income potential. Note the area records higher crime levels; consider management and security costs when assessing net yields.
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