Summary - 7, ST MARGARETS DRIVE S40 4SY
3 bed 1 bath Semi-Detached
Three-bed semi near Chesterfield centre — strong rental potential, sold at auction.
Three bedrooms with bay-fronted living room and separate dining area
For investors or buyers seeking a straightforward, high-yield opportunity, this three-bedroom semi-detached freehold offers strong rental potential in central Chesterfield. The property is offered at live-stream auction on 21st October with a suggested rental income of around £1,200 pcm (£14,400 pa), making it attractive for buy-to-let purchasers wanting quick completion and clear rental maths.
The house includes a rear garden, a traditional bay-fronted reception, and practical accommodation across two floors. Constructed in 2021 (as recorded), it benefits from fast broadband and excellent mobile signal, supporting modern tenants and home-working. Council Tax Band B and an EPC rating of D are noted; main heating is electric storage heaters.
Buyers should allow for auction-related costs and a fast timetable: a 14-day completion, a buyer’s premium of 1% plus VAT (1.2% inc. VAT), and an administration charge of £2,340 inc. VAT, plus any disbursements set out in the legal pack. The area records higher crime levels and the plot is small; these are realistic factors for pricing and tenant demand.
Overall this is a pragmatic investment or owner-occupier purchase in a well-connected location close to Chesterfield town centre, good schools and local amenities — best suited to investors or first-time buyers ready to act quickly at auction.
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