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Gloucester Road, Newbold, Chesterfield

Yorkshire

£140,000
Listed on 28/07/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
868 sqft

Description

This two-bedroom residence in Newbold offers a promising canvas for those looking to invest in a property with significant renovation potential. The home comes with no onward chain, allowing for a straightforward purchasing process. The ground floor features two spacious reception rooms that provide versatility for both living and dining arrangements. There is also a galley-style kitchen, which presents an opportunity for updates and personalization that can enhance the overall flow of the space. Upstairs, you'll find two well-sized double bedrooms, each offering ample room for furnishings and creative design. These rooms are complemented by a three-piece bathroom that could serve as another area for modernization. One of the standout features of this property is its expansive private rear garden, providing considerable outdoor space that can be transformed into a personal oasis or entertainment area. Additionally, there is a storage area and an outside toilet, which adds to the practicality of the home. Situated conveniently near local amenities—such as shops, restaurants, cafes, and pubs—this property not only offers comfort but also accessibility to everyday conveniences. Given its location and scope for improvement, this home represents an excellent opportunity for buyers eager to make their mark through renovation while enjoying the benefits of a vibrant community.

Investment Analysis

(S41 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£161/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£175
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£219,556
10% above area average per sq ft
Potential ROI
+22.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (S41)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -3.9%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on S41 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

Gloucester Road, Newbold, Chesterfield
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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
£513
Based on a loan of £105,000 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