5 bed block of flats for sale

Mill Street, Clowne, Chesterfield S43

Licenced 5 bed house in multiple occupation - newly renovated - potential £30,000 annual income offering A 10.7% gross yield

Nestled in the heart of Clowne, this impressive Victorian former school masters house presents a remarkable opportunity for investors looking for a profitable return. Originally built in 1900, the property has been thoughtfully renovated throughout, showcasing modern fittings and service installations while retaining its charming period features.

Spanning an impressive 1,438 square feet, this licensed five-bedroom house in multiple occupation is designed to accommodate a variety of lifestyles. Each of the five generously sized bedrooms offers ample space and comfort, making it ideal for professionals. The property boasts two well-appointed bathrooms and a modern kitchen diner, ensuring convenience for all residents.

Situated in a prime town centre location, the property is just a stone's throw away from a diverse array of shops and amenities, providing easy access to everything one might need. With an estimated gross rental income of £30,000 per annum, equating to £500 per bed per month, this property represents a sound investment opportunity.

General

Gas central heating
uPVC sealed unit double glazed windows and doors (except First Floor WC)
Gross internal floor area - 133.6 sq.m./1438 sq.ft.
Council Tax Band - tbc
Tenure - Freehold
Secondary School Catchment Area - Heritage High School

On The Ground Floor

A uPVC double glazed front entrance door opens into an ...

Entrance Hall

Having a built-in under stair storage cupboard. A staircase rises to the First Floor accommodation.

Shower Room

Fitted with a white 3-piece suite comprising of a fully tiled shower cubicle with mixer shower, wash basin and a low flush WC.
Vinyl flooring.

Kitchen (4.83m x 4.24m (15'10 x 13'11))

A dual aspect room, fitted with wall, drawer and base units with complementary wood work surfaces and upstands.
Inset single drainer stainless steel sink with mixer tap.
Integrated electric oven and hob with glass splashback and extractor hood over.
There are two built-in store cupboards, one of which has plumbing for a washing machine.
A uPVC door gives access onto the rear of the property.

Bedroom Two (4.52m x 3.89m (14'10 x 12'9))

A good sized dual aspect double bedroom.

Bedroom One (3.94m x 3.89m (12'11 x 12'9))

A good sized rear facing double bedroom.

On The First Floor

Spacious Landing

Bedroom Three (4.22m x 3.89m (13'10 x 12'9))

A good sized front facing double bedroom.

Bedroom Four (3.94m x 3.89m (12'11 x 12'9))

A good sized rear facing double bedroom.

Bedroom Five (4.83m x 4.67m (15'10 x 15'4))

A good sized dual aspect double bedroom.

Shower Room

Fitted with a white 3-piece suite comprising of a fully tiled shower cubicle with mixer shower, pedestal wash hand basin and a low flush WC.
Vinyl flooring.

Wc

Fitted with a white 2-piece suite comprising of a wash hand basin and a low flush WC.

Outside

There is a block paved frontage suitable for off street parking.

There is also an enclosed seating area to the rear.