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Main Road, Heath, Chesterfield

Yorkshire

£275,000

Listed on 28/08/2026

The listing

Property details

Bedrooms
3
Type
Detached Bungalow
Area
829 sqft

Description

This detached house presents a unique opportunity for those looking to undertake a substantial renovation project. Situated in the desirable village of Heath, the property is set on a generous plot and is offered with no onward chain. Currently in need of comprehensive refurbishment, it is connected to mains electricity and drainage, making it suitable for cash purchasers only. This aspect enhances its appeal to builders and developers eager to transform the existing structure or explore redevelopment possibilities, subject to obtaining the necessary planning permissions. The expansive outdoor space includes a driveway and various garden areas, offering significant potential for improvement or expansion. Located just four and a half miles southeast of Chesterfield, Heath boasts excellent transport links via Junction 29 of the M1 and the A617, facilitating easy access to nearby cities such as Sheffield and Nottingham. Despite its connectivity, the village maintains a charming rural atmosphere, complemented by scenic views of the Derbyshire countryside. Local amenities and public transport options are readily available, while Chesterfield offers a broader range of shopping and leisure facilities. This property stands as a promising investment for those ready to embark on a transformative journey.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

36out of 100
Grade ELow opportunity

Confidence: MEDIUM

This detached house in Heath presents a considerable renovation project, offering a substantial plot of land with the potential for redevelopment. Although the asking price of £275,000 appears dear compared to the local average of £225/sqf, the large size of the property provides a canvas for significant improvement, whether through renovation or exploring further development opportunities, subject to planning permission.

However, the property shows signs of neglect, with poor overall condition and overgrown exterior areas that indicate extensive work is needed. With a renovation range of £100,000 to £200,000, this is a heavy project that will require a full gut programme to restore it to a livable state. The potential for value creation exists, but the economics are poor, leading to a negative margin against local averages. This property is best suited for cash buyers or those experienced in handling substantial renovations.

Key opportunities

  • Large plot provides significant redevelopment potential, allowing for creative layouts and designs.
  • Opportunity to restore and enhance the character of the existing dwelling, creating a unique home.
  • Ideal for builders or developers seeking a project with scope for improvement and potential additional dwellings.

Key risks

  • Stripped interiors and a £100,000–£200,000 works budget make this a full-gut programme, not a refresh.

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Map

Location

Main Road, Heath, Chesterfield
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 over 30 years at 4.45% 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.

Tax

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Indicative tax based on the asking price and the options you select.

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