Affordable renovation project with strong commuter links and large garden.
Auction sale with low guide price and fixed administration fee payable on exchange
A three-bedroom semi-detached house offered freehold by auction with substantial renovation potential. Set on a generous plot with a long rear garden and driveway, the property enjoys far-reaching hillside views and good commuter links between Chesterfield and Mansfield via the nearby M1. The guide price and rental estimate make it an attractive opportunity for investors or cash buyers prepared to refurbish.
The property requires modernisation throughout: the kitchen and bathroom are dated, and services such as glazing were installed before 2002. Construction is inter-war system-built with external insulation, so buyers should factor in potential remedial or upgrading costs. The EPC is rated E and heating is gas boiler with a log burner; no flood risk was identified.
Projected rental income and resale figures are provided in the pack, with an expected rent of £10,800 per year and a suggested resale value around £160,000. Note the sale procedure is by timed auction and an administration fee of £2,400 (inc VAT) is payable on exchange; consult the legal pack for full disbursements. Open viewing dates are published prior to the auction.
This house suits buyers seeking a value-add project in an area with strong transport links. It will particularly appeal to investors aiming to refurbish and let, or owner-occupiers willing to modernise for long-term use. Be aware of local challenges including above-average crime and high area deprivation when assessing exit strategies and mortgage options.
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