SSTC, 4 Bed House 

School Street, Oakthorpe, Swadlincote

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Features

  • One spacious semi detached or conversion to two terraced houses
  • Ideal investment opportunity
  • Courtyard setting
  • On a no through road
  • Full renovation required throughout
  • Available with immediate vacant possession
  • Approx. 111 Sq. M (1202 Sq. Ft)
  • Freehold
  • Buyer’s premium payable

Quick Details

4 Bedrooms2 Receptions1 Bathroom

Address

19 & 21 School StreetOakthorpeSwadlincoteDerbyshireDE12 7RE
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Property Details

•Spacious cottage or conversion back to 2 terraced houses
•Full renovation required
•Investment: Potential to add capital value
•Freehold

This three bedroom semi detached cottage requiring a total renovation throughout. The property would lend itself to conversion back into two terraced houses or as a spacious three-bedroom cottage.

Formally two cottages, the property enjoys two separate entrances to the ground floor and the accommodation includes two reception rooms (one being accessed via the separate entrance), kitchen, bathroom, two pantries, storage cupboards and a stairwell from each reception room.

The property is located on a small no through road off School Street in the residential village of Oakthorpe, Swadlincote.

Formerly part of the Derbyshire district, the village is now within the English County of Leicestershire and sits on Measham Road which connects the villages of Moira and Measham.
The immediate area is mainly characterised by similar residential properties. There are a small range of amenities within the village including Oakthorpe Community Leisure Centre, Marlin’s Fish Bar and Oakthorpe Primary School.

A wider range of amenities are located in the town of Swadlincote which is 4 miles north of the property. There are a wide range of supermarkets, shops, bars, and leisure facilities. The A42 is within a short distance to the property ideal for connecting to the larger centres of Ashby-de-la-Zouch, Tamworth or Birmingham.

Description Continued

To the first floor there are three small bedrooms and a large landing, there is a storage area and a WC with wash hand basin. The property needs total renovation and would benefit from some reconfiguration (STP).

Externally the property is accessed via a gated entrance where pedestrian and vehicular access is granted to the neighbouring property so must have access at all times. There is a large area of hardstanding with an overgrown garden/ orchard area, a single garage and large timber shed, all of which are located to the front of the property.

Accommodation

Ground Floor – Approx. 57.9 Sq. M (623 Sq. Ft)
First Floor – Approx. 53.8 Sq. M (579 Sq. Ft)
Total – 111 Sq. M (1202 Sq. Ft) – Measurements provided by a third party

Services

We understand the property to have mains electricity, water and drainage, however we would advise any interested parties to make their own enquiries.

Tenure

Freehold – We believe both properties are on one title however we advise all interested parties to make their own enquiries.

Investment Analysis

The property is ideal for either an owner occupier to renovate and potentially add capital value. Alternatively, the property could be split back in to two terraced houses, renovated and then either sold separately or rented out.
Once the works are complete, we envisage each property will let for approximately £425 pcm.

Buyers Premium

Please note a buyer’s premium of 1% (min. £900) inc. VAT will be payable in connection with a purchase of any property for sale with John Pye Property (excluding auction purchases).

Please take into account when offering on a property that this will be payable on top of the agreed purchase price.

Energy Performance Certificates

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