A MODERN INVESTMENT IN A SOUGHT-AFTER SETTING
Built in 2012, 5 Brackenfield Close is a well-presented three-bedroom mid-terrace home tucked into a quiet cul-de-sac within a popular residential estate in Grassmoor. Currently tenanted and producing £825 pcm (£9,900 per annum), the property offers an investor a turn-key addition to a portfolio, or a first-time buyer a modern, low-maintenance home ready to move into.
The property is being brought to market at a guide price of £172,500 – a figure set deliberately below current market value to encourage a swift, straightforward sale. This pricing reflects a genuine opportunity for a buyer to secure immediate equity from the point of purchase, in addition to the rental income already in place.
KEY FEATURES
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Popular residential estate – cul-de-sac location
- Two driveway parking spaces to the front
- Easy-maintenance, fully enclosed, south-facing rear courtyard garden
- Modern kitchen with integrated oven, hob and extractor
- Lounge diner with uPVC French doors opening to the rear courtyard
- Modern bathroom with white suite and shower over bath
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Two double bedrooms plus a single bedroom, ideal as a guest room or study
- Gas central heating via combi boiler
- uPVC double glazing throughout
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EPC Rating C – Council Tax Band B
- Easy access to the M1 motorway at Junction 29
- Neighbouring Grassmoor Country Park, with village amenities and the towns of Chesterfield and Clay Cross close by
FULL DESCRIPTION
Nestled in the popular village of Grassmoor, this delightful three-bedroom mid-terrace house sits on a cul-de-sac within a well-regarded residential estate on Brackenfield Close. Built in 2012, the property combines contemporary design with practical family living, making it an excellent choice for young families, couples, or investors seeking a home that already attracts strong tenant demand.
A bright entrance hallway leads through to a spacious lounge diner, where large windows and uPVC French doors flood the space with natural light and open directly onto the private rear garden, creating a seamless indoor-outdoor flow.
The modern kitchen, positioned to the front of the home, features sleek fittings, ample storage, and integrated appliances including a four-ring gas hob, oven and extractor, an ideal setting for everyday cooking and entertaining alike. A conveniently placed downstairs WC completes the ground floor.
Upstairs, three well-proportioned bedrooms are served by a modern white three-piece family bathroom with shower over bath. The principal bedroom offers a peaceful retreat with ample room for furniture, the second is a generous double, and the third makes an ideal single room, nursery, or home office.
Outside, two driveway parking spaces sit to the front, while a fully enclosed, south-facing, low-maintenance garden lies to the rear. Additional benefits include uPVC double glazing throughout and energy-efficient gas central heating via a combi boiler.
Positioned close to excellent village amenities and schools, with easy access to the M1 motorway and the towns of Chesterfield and Clay Cross, this home offers modern living in a genuinely sought-after location, a wonderful opportunity not to be missed.
INVESTMENT SUMMARY
- Guide Price: £172,500 (Below Market Value)
- Tenure: Freehold
- Property Type: Three-bedroom mid-terrace house, built 2012
- Current Rental Income: £825 pcm (£9,900 per annum)
- Gross Rental Yield: Approximately 5.7% at guide price
- EPC Rating: C
- Council Tax Band: B
A NOTE ON THE YIELD
At the current rent of £825 pcm against the £172,500 guide price, the property returns a gross yield of approximately 5.7%. This sits a little below the very top end of yields seen locally, largely a reflection of the current rent having remained unchanged for some time rather than any shortfall in the property itself.
There is clear scope to review and increase the rent to reflect current market levels for comparable three-bedroom homes in Grassmoor, which would improve the yield further for an incoming investor. Combined with the below-market-value guide price, this presents an opportunity to acquire both immediate equity and an income stream with room to grow.
A comparable sales and lettings evidence report for the local area is available on request, and can be used to support both a rental review and an assessment of the property’s fuller market value.
LOCATION
Grassmoor is a well-served Derbyshire village offering a good range of everyday amenities, with the wider shopping, leisure and transport facilities of Chesterfield and Clay Cross both close by. The property backs onto Grassmoor Country Park, popular for walking and outdoor recreation, and benefits from swift access to the motorway network via Junction 29 of the M1 — making it well placed for tenants and owner-occupiers commuting across the region.
