3 bed bungalow

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3 bed bungalow

Thomson Drive, Codnor DE5
£200,000

Our Summary

  • This property generates between £2,000 to £2,500 per month, and there’s potential for further growth through increased bookings

Description

This detached two-bedroom bungalow comes with a self-contained one-bedroom Annexe, which is currently used as a self-catering holiday rental. The Annexe offers versatility and can be used as a granny Annexe, teen/young adult pad, or Airbnb/short-term let, generating a proven income of £90 per night. The bungalow and Annexe also have the option to continue as holiday rentals, earning between £2,000 to £2,500 per month. The property features a modern kitchen, lounge, and two bedrooms, as well as a shower room. The Annexe has its own kitchen, bedroom, and shower, and is self-contained. The property has a range of amenities, including gas, electric, water, and sewerage connections, and is located in a former coal mining area. The property is rated commercially for business rates, with a current rateable value of £2,500.