Main image of 2 bedroom Mid Terrace House for sale, King Street North, Derbyshire, S41
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£110,000

2 bedroom Mid Terrace House for sale,
King Street North, Derbyshire, S41

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Features and Description

  • For sale by Modern Auction
  • Fees Apply
  • Popular Location
  • Ideal Project
  • Investment Opportunity
  • Two Bedrooms

** PERFECT INVESTMENT **

** OPEN HOUSE VIEWINGS - Saturday 12th July - Call today to secure your place **

**STARTING BID £110,000**

The next property to add to your BTL portfolio or as your next flip project. This property offers an excellent margin for refurb and resale or a high rental yield of circa 7%. Comprising of; Lounge, dining room, kitchen, downstairs' bathroom, porchway. Three bedrooms upstairs, the third is located off the second room.

Overview

Exceptional Investment Opportunity – Ideal Buy-to-Let or Flip ProjectGuide Price: £110,000We are delighted to present this outstanding investment opportunity, perfect for those looking to expand an existing buy-to-let portfolio or embark on a rewarding refurbishment and resale project. Priced attractively with a starting bid of just £110,000, this property represents excellent value and offers substantial potential for capital appreciation and strong rental returns, with an estimated gross yield of approximately 7%.The property boasts a generous and versatile layout. Upon entering you are welcomed into a spacious lounge that offers a comfortable living environment. This leads into the kitchen/dining room, ideal for entertaining or for use as an additional reception space. The kitchen is well-sized and offers ample scope for modernisation, making it a prime candidate for value-enhancing improvements. Also located on the ground floor is a conveniently positioned family bathroom.Upstairs, the property comprises three bedrooms. The principal and second bedrooms are both of a good size, while the third bedroom is accessed via the second, making it an ideal space for a home office, dressing room, nursery, or guest room, depending on your needs or the preferences of potential tenants.With the right refurbishment, this property could easily be transformed into a high-performing rental asset or a desirable family home for resale. Situated in a popular and central area, the location is likely to appeal to a wide range of tenants or future buyers, further enhancing its investment appeal.Opportunities such as this are rare at this price point, and early viewing is strongly recommended to fully appreciate the scope and potential this property has to offer.

King Street North, Derbyshire, S41

Additional Information

  • Property ref
    CHS250147
  • EPC
    C
  • Tenure
    Freehold
  • Council Tax
    A
  • Local authority
    Chesterfield Borough Council
Chloe Aram Branch Manager
Chloe Aram
Branch Manager

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Reeds Rains Estate Agents Chesterfield

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Borrowing £99,000 and repaying over 25 years with a 2.5% interest rate.

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This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.

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Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

69

Potential

87

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A