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Riber Terrace, Chesterfield, S40

Yorkshire

£160,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
904 sqft

Description

This three-bedroom semi-detached home offers a versatile layout spread over three floors, presenting a unique opportunity for those looking to invest in a property with significant renovation potential. Positioned in a location that appeals to first-time buyers, families, and professionals alike, the home is currently vacant and ready for immediate occupancy, allowing for swift renovations or personal touches. Upon entering, you'll find a welcoming hallway that leads into a spacious lounge measuring approximately 5.83m x 3.27m (19' 2" x 10' 9"). This room provides ample space for both relaxation and entertaining. Adjacent to the lounge is a compact kitchen at 2.96m x 2.14m (9' 9" x 7' 0"), offering an opportunity to enhance the culinary experience with updates or redesign. The first floor accommodates two generously sized bedrooms. Bedroom 2 measures about 4.32m x 2.56m (14' 2" x 8' 5"), making it well-suited for family members or guests. Bedroom 3, at dimensions of approximately 3.68m x 2.63m (12' 1" x 8' 8"), provides versatility, ideal for use as an office or study space. These bedrooms are served by a bathroom measuring around 3.18m x 1.58m (10' 5" x 5' 2"), featuring natural light and offering scope for modernization. The top floor is dedicated entirely to the master bedroom, which serves as a private retreat with generous dimensions of about 4.05m x 3.97m (13' 3" x 13' 0"). This spacious room benefits from abundant natural light and could be further enhanced with thoughtful renovations. In addition to the internal space, the property offers off-road parking and a garage at the front, alongside a lengthy private rear garden that holds potential for landscaping or outdoor activities. This property is not only a blank canvas awaiting your personal touch but also represents an excellent investment opportunity in an area with growing demand. With its adaptable layout and room for improvement, this residence invites you to envision its full potential while enjoying the advantages of convenient living close to local amenities and transport links.

Investment Analysis

(S40 area)

Below Market Value

This property is priced -25.3% below area average per sq ft

-25.3%
Potential saving
This Property
£177/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£235,673
10% above area average per sq ft
Potential ROI
+27.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (S40)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -1.1%
5 year growth: 9.2%
Investment Disclaimer: Analysis based on S40 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

Riber Terrace, Chesterfield, S40
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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
£586
Based on a loan of £120,000 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