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Chapel Street, Kirkby-in-Ashfield, Nottingham, Nottinghamshire, NG17 - Image 1
Chapel Street, Kirkby-in-Ashfield, Nottingham, Nottinghamshire, NG17 - Image 2
Chapel Street, Kirkby-in-Ashfield, Nottingham, Nottinghamshire, NG17 - Image 3

Chapel Street, Kirkby-in-Ashfield, Nottingham, Nottinghamshire, NG17

East Midlands

£275,000Guide Price

Listed on 24/07/2026

The listing

Property details

Bedrooms
5
Type
Detached
Area
3701 sqft

Features

  • Tenanted

Description

Offered at auction, this substantial property is described as comprising four let rooms and one let flat, with the listing stating a current annual return of 9.8%. The sale also includes the former Kirkby Cross Snooker Centre, which is presented as a separate development opportunity, subject to any required planning permissions and consents. The property is marketed as an investment with existing rental income and potential for further development. Buyers should review the auction legal pack and verify the tenancy, income and property details, as well as the status and planning feasibility of any proposed use of the former snooker centre. Viewing arrangements and bidding registration are through the selling agents and auctioneers.

WHOTS analysis

Our WHOTS verdict

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

73out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £275,000, this is exceptionally cheap against the local £/sqf benchmark, making it an unusual chance to acquire a substantial property with five residential rooms and a former snooker centre in the same lot. The furnished living area and bedrooms, plus the two serviceable kitchens, suggest some parts are usable, while the distinctive stone frontage adds character. The listing also reports current rental income from four let rooms and a flat; the former commercial space is the main canvas for value-adding work, though no particular development scheme or consent is evidenced.

The commercial interior is a heavy project, with debris, worn flooring, exposed insulation and unfinished or damaged surfaces; visible wiring and insulation warrant investigation. The property is being sold by auction: bidding can take the hammer above the guide, so the eventual price may not stay this cheap.

Key opportunities

  • Rework the large former snooker-centre interior into a more finished, useful space, subject to investigating feasibility and any required consents.
  • Acquire a substantial five-bedroom property at a markedly low local £/sqf, with the listing reporting four let rooms and one let flat.
  • Retain and build around the characterful stone frontage while improving the worn paving and service areas.

Key risks

  • The former commercial interior has debris, exposed insulation and unfinished or damaged surfaces; allow for a heavy interior rebuild and a longer programme than a cosmetic refresh.
  • Visible wiring and insulation in the commercial area need investigation, and the listing does not evidence a specific development scheme or consent.

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Map

Location

Chapel Street, Kirkby-in-Ashfield, Nottingham, Nottinghamshire, NG17
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Transport

Nearest stations

  • Kirkby in Ashfield Rail Station

    0.6 miles

    Train · Kirkby in Ashfield

  • Sutton Parkway Rail Station

    1.3 miles

    Train · Sutton Junction

  • Newstead Rail Station

    2.8 miles

    Train · Newstead

  • Mansfield Rail Station

    4.0 miles

    Train · Mansfield

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

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

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£1,124
Based on a loan of £206,250 over 30 years at 5.13% 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

Stamp duty calculator

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

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