8 Springfield Crescent, Bolsover, Chesterfield, Derbyshire S44 6RY

Description

Auctioneer: Freehold three-bedroom semi-detached house let at £80 per week (£4,160 pa) on a regulated tenancy. The tenants have been in occupation for a substantial period and the auctioneer states there have been no reported rent arrears. Gas central heating and uPVC double glazing are noted.

Accommodation

Ground floor: lounge and kitchen. First floor: three bedrooms and bathroom. Gardens to the front and rear.

Location

Bolsover lies east of Chesterfield with access to the A632/A619 and M1 corridor. The area offers local services and established residential demand, although the regulated tenancy materially changes the investment profile because possession and rent-review rights differ from a standard AST.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Long-Term Tenanted Investment. The guide price should be treated as the starting point only. A maximum bid should be based on verified legal-pack liabilities, property condition, finance terms and local market evidence rather than the guide alone.

Works Required

• Prioritise essential repairs only while occupied and subject to tenancy rights

• Inspect roof, damp, heating and electrical condition

• Plan future kitchen/bathroom modernisation if and when vacant possession is lawfully obtained

• Maintain landlord safety and repair obligations

Rental & Market Context

The auctioneer reports current rent of £4,160 pa under a regulated tenancy, equating to about 11.9% gross on the £35,000 guide. HB vacant-possession market rent is indicatively £700–£800 pcm, but this must not be treated as immediately achievable: regulated-tenancy rights and rent-review rules take priority.

Sold within approximately 5 miles

Reliable recent sold-comparable evidence has not been inserted without property-level verification. Land Registry and closely matched local comparables should be checked for type, condition, tenure and accommodation before setting a maximum bid.

Potential BRRR Position

A standard BRRR refinance is not appropriate to assume while the regulated tenancy remains. Lending and valuation may be affected by occupancy rights and the restricted vacant-possession position.

Flip Analysis

A short-term flip is not recommended unless lawful vacant possession can be obtained; the regulated tenancy may materially restrict resale strategy and timing.

Investor Risks & Due Diligence

• Specialist legal advice on the regulated tenancy is essential

• Do not assume vacant possession or AST market rent can be achieved

• Verify the rent registration/review position and tenant documentation

• Value should reflect regulated-tenancy restrictions

• Check buyer fees, legal-pack costs and completion terms

Recommendation

Initial recommendation: Long-Term Tenanted Investment. The opportunity is strongest where the source facts can be verified and the total project cost remains comfortably below a conservatively evidenced end value. Do not bid solely on the headline yield or guide price.

Strategy Rating

Long-Term Hold: ★★★★☆ | Buy-to-Let: ★★★☆☆ | Flip: ★☆☆☆☆