Summary - 1, CHURCH STREET NORTH S41 9QN
4 bed 5 bath Block of Apartments
Ready-income multi-unit property with strong period character in a village setting.
Approximately 3,000 sq ft of period commercial and residential space
Four flats plus ground-floor hair/beauty salon producing immediate income
Reported annual income c. £35,100 (around 7% gross yield)
Freehold in conservation area; restrictions on external alterations
Stone-built pre-1900; external walls presumed uninsulated
Heating via mains gas community scheme; verify service arrangements
Allocated off-street parking; one flat has private rear courtyard
Area crime rate above average; factor into lettings and insurance
A substantial stone-built block occupying over 3,000 sq ft in Old Whittington, offered freehold with four self-contained flats plus a ground-floor hair/beauty salon. Current reported income is approximately £35,100 per year (around a 7% gross yield on the asking price), with a slightly lower advertised figure of £34,580 referenced elsewhere. The property’s Victorian Gothic Revival conversion gives high ceilings, large rooms and strong period character that appeal to tenants and short- to medium-term lettings markets.
Practical positives include allocated off-street parking to the rear, a private courtyard for one flat, double glazing (install date unknown) and location benefits such as easy access to local amenities, good schools and transport links to Chesterfield, the M1 and Sheffield. The building sits within a conservation area which helps protect the attractive exterior but can restrict exterior alterations.
Buyers should note material points of condition and running costs. The building dates from before 1900 and walls are stone with no known insulation; some retrofit or ongoing maintenance may be required. Heating is on a mains gas community scheme — purchasers should verify service arrangements and running costs. The vendor notes services and appliances have not been tested; there may be reconnection charges if supplies have been shut off. Crime in the area is above average, which may affect tenancy risk and insurance costs.
This is a clearly positioned acquisition for landlords seeking immediate income from an established multi-unit, period property with further value to be realised through targeted refurbishment and energy-efficiency improvements. Undertake professional inspections, tenancy checks and service verifications to confirm yield and net returns.
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