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Clowne DERBYSHIRE

Yorkshire

£495,000
Listed on 01/08/2024

Property Details

Bedrooms
3
Type
Detached house
Area
1962 sqft

Description

This three to four-bedroom detached cottage is situated on a generous plot of just over half an acre. Currently functioning as a boarding kennels and cattery, the property offers significant investment potential, particularly with its accompanying outbuildings that could be repurposed for various uses, subject to planning consent. The cottage itself presents a unique opportunity for renovation. With its existing layout and space, it can be transformed into a charming family home or further developed to enhance its current business operations. The existing kennels and cattery have proven to be financially viable, generating an approximate annual turnover of £40,000, making this not only a residence but also a potential source of income. Nestled in a semi-rural area on the edge of Clowne in the Bolsover District of Derbyshire, the property enjoys a peaceful atmosphere while remaining well-connected to local amenities. Residents can benefit from nearby schools—both junior and secondary—as well as local shops and services. Furthermore, its proximity to major road networks and the M1 motorway ensures easy access to surrounding towns and cities. This offering includes several outbuildings that hold untapped potential for conversion or development, making this property an attractive proposition for anyone looking to invest in real estate with room for expansion. Whether you're seeking a residential project or an opportunity to grow an existing business, this property stands out as a canvas ready for your vision.

Investment Analysis

(S43 area)

Above Market Value

This property is priced +14.5% above area average per sq ft

+14.5%
This Property
£252/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£188
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£475,344
10% above area average per sq ft
Potential ROI
-17.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (S43)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 1.5%
5 year growth: 15.3%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,813
Based on a loan of £371,250 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE