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Clowne DERBYSHIRE

Yorkshire

£495,000
Listed on 30/07/2024

Property Details

Bedrooms
3
Type
Detached
Area
1962 sqft

Description

This three to four-bedroom detached cottage presents a remarkable opportunity for investors and renovators alike. Currently functioning as a kennels and cattery, this property sits on over half an acre of land, offering ample space for development. The existing outbuildings add to the potential for transformation into additional living spaces or commercial ventures, pending necessary planning permissions. Nestled in a semi-rural area with convenient access to the M1 motorway and local amenities in Clowne, this property combines a tranquil setting with practicality. With an ongoing business generating approximately £40,000 per year, this is not just a home but an opportunity for continued investment and growth.

Investment Analysis

(S43 area)

Above Market Value

This property is priced +10.8% above area average per sq ft

+10.8%
This Property
£252/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£491,422
10% above area average per sq ft
Potential ROI
-11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (S43)

Area prices are falling by -6.1% over the last 12 months
3 year growth: +1.3%
5 year growth: +8.3%
Investment Disclaimer: Analysis based on S43 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,753
Based on a loan of £371,250 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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