Worst House on the Street Logo
Clowne DERBYSHIRE - Image 1
Clowne DERBYSHIRE - Image 2
Clowne DERBYSHIRE - Image 3
Clowne DERBYSHIRE - Image 4
Clowne DERBYSHIRE - Image 5

Clowne DERBYSHIRE

Yorkshire

£495,000
Listed on 31/07/2024

Property Details

Bedrooms
3
Type
Detached house
Area
1962 sqft

Description

This three to four-bedroom detached cottage, set on just over half an acre, presents a unique opportunity for renovation and investment. Currently operating as a successful kennels and cattery, this property generates an approximate annual turnover of £40,000, providing a potential income stream while you explore further development options. The property features a variety of outbuildings that offer significant potential for conversion, subject to obtaining the necessary planning permissions. This flexibility allows for various possibilities, whether you're looking to expand the existing business or create additional residential spaces. Nestled in a semi-rural area on the outskirts of Clowne in the Bolsover District of Derbyshire, the cottage enjoys a tranquil setting amidst picturesque farmland. Despite its rural charm, it remains conveniently accessible to nearby towns and major roadways, including the M1 motorway. Clowne offers essential amenities such as local shops and reputable junior and secondary schools, making it an attractive location for both families and investors alike. This property not only offers immediate revenue-generating capabilities but also stands as a canvas for future development in a desirable location. With no upward chain, you can explore the potential of this space without delay.

Investment Analysis

(S43 area)

Above Market Value

This property is priced +14.3% above area average per sq ft

+14.3%
This Property
£252/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£191
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£49,500 - £123,750
10-25% of property value
Target Value
£476,423
10% above area average per sq ft
Potential ROI
-23.0%
After renovation
Monthly Sales
36
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (S43)

Area prices are falling by +2.5% over the last 12 months
3 year growth: -0.3%
5 year growth: 19.3%
Investment Disclaimer: Analysis based on S43 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Clowne DERBYSHIRE
Map showing location of Clowne DERBYSHIRE
Open Map