Summary - Adullam Homes Housing Association, The Coach House, 3 Chesterfield Road DE55 7DT
13 bed 16 bath Detached
Turnkey 13‑room rental block with strong income potential near town centre.
- 13 en‑suite bedrooms plus three additional communal bathrooms
- Vendor‑advised potential income over £100,000 pa (verify independently)
- Two fitted dining kitchens, large communal lounge/games room, laundry
- Manager’s office and rear communal garden included
- Freehold; sold at auction with 56‑day completion and reservation fee
- Built pre‑1900 solid brick; insulation and glazing not defined
- Located in a deprived area with higher local crime rates
- Council tax band above average; running costs may be high
A rare large-scale investment asset in central Alfreton, this Victorian converted coach house is arranged over multiple floors and currently offers 13 en‑suite bedrooms plus three additional bathrooms. The property includes two fitted dining kitchens, a large communal lounge/games room, a laundry/washing room, a manager’s office and a rear communal garden — all arranged within c.5,888 sq ft of usable space. The vendor advises a potential annual income in excess of £100,000; buyers should verify income and tenancy details as part of due diligence.
This is a practical, turnkey-looking opportunity for experienced investors seeking immediate scale: freehold tenure, no upward chain and a clear auction timetable (complete within 56 days). Note the sale is by modern method of auction — a non‑refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a Buyer Information Pack fee apply. If you need mortgage finance, confirm acceptability with your lender before bidding.
Built before 1900 in solid brick with period character, the building will suit operators comfortable managing older stock. There is limited information on insulation and glazing; the walls are assumed to be solid brick with no cavity insulation. The area is classed as deprived with a higher local crime level and above‑average council tax; these factors affect operating costs, insurance and tenant mix and should be considered alongside the income figures.
In short: strong scale and confirmed fixtures for communal living make this a high‑potential acquisition for a specialist investor prepared to manage an older building in a challenged urban location. Verify occupancy, service records, safety certificates and budget for any refurbishment or thermal‑upgrades when assessing projected returns.
4 bedroom mixed use property for sale in 18 King Street, Alfreton DE55 7AG, DE55 — £145,000 • 4 bed • 1 bath • 790 ft²
7 bedroom terraced house for sale in 15 Wilson Street, Derby DE1 1PG, DE1 — £295,000 • 7 bed • 1 bath • 2444 ft²
2 bedroom flat for sale in High Street, Alfreton, Derbyshire, DE55 — £160,000 • 2 bed • 1 bath • 875 ft²
3 bedroom detached house for sale in Nottingham Road, Eastwood, Nottingham, Nottinghamshire, NG16 3AJ, NG16 — £130,000 • 3 bed • 3 bath
5 bedroom terraced house for sale in 155 Burton Road, Derby DE23 6AB, DE23 — £210,000 • 5 bed • 1 bath • 1828 ft²
2 bedroom terraced house for sale in Manchester Street, Derby, Derbyshire, DE22 — £110,000 • 2 bed • 2 bath • 741 ft²
