# 2 bedroom flat for sale (S40 1YP)

## Property Details

| Key | Value |
|-----|-------|
| Address | 25 ALFORD CLOSE, CHESTERFIELD, DERBYSHIRE S40 1YP |
| Price | £120,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £111,000 Mar 2026 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 31/10/2035
- **Current heating cost:** £572/year
- **Est. upgrade cost to C:** £7,630

### Recommendations
- W1 (£5,000 - £10,000)
- E (£120 - £140)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9390-2659-2590-2505-6621)

## Description

This well-appointed and neutrally decorated two-bedroom apartment enjoys an enviable ground-floor position within a quiet cul-de-sac and is offered to the market with no onward chain. The property presents an excellent opportunity for first-time buyers, professional couples, investors, and those looking to downsize, offering light and spacious accommodation throughout.

You are welcomed into a bright and inviting entrance hall, which flows beautifully into the main living spaces. The open-plan kitchen and dining area provides a sociable layout that suits modern lifestyles, featuring a good range of fitted units and ample space for dining. The spacious and light-filled living room provides the perfect space to relax or entertain, with large windows that allow natural light to flood the room.

There are two well-appointed bedrooms, both generously sized and tastefully decorated to create a calm, comfortable environment. The bathroom is fitted with a modern three-piece suite, completing the internal accommodation.

Externally, the property is set within a quiet and desirable cul-de-sac, with allocated off-road parking providing convenience and security.

Ashgate is one of Chesterfield’s most sought-after suburbs, offering a convenient and vibrant lifestyle. Residents enjoy easy walking access to the wide variety of shops, bars, and restaurants found in both Brampton and Chesterfield town centres. Transport links are excellent, with key bus routes offering regular connections to surrounding areas and beyond.

**Please be advised that certain images have been virtually staged for illustrative purposes** 

REDBRIK SECUREMOVE™ - IMPORTANT PLEASE READ:

Redbrik is marketing this property with the benefit of Redbrik SecureMove™. Redbrik has introduced SecureMove™ to help speed up the sales process, minimise sale fall-throughs and give more certainty to both the Seller and the Buyer. Purchasers will benefit from the Buyer Information Pack (BIP), which we have created with our legal partners, to give buyers more information before they agree to purchase.

The pack includes:

TA6 (Property Information Form)

TA10 (Fittings and Contents)

Official Copy of the Register

Title Plan

Local Search*

Water and Drainage Search*

Coal and Mining Search*

Environmental Search*

(Redbrik has ordered the local, drainage, coal and environmental searches; we will add these to the BIP as they become available)

Redbrik SecureMove™ allows the sale process to be completed significantly quicker than a ‘normal sale’. This is because the legal work, usually done in the first four to eight weeks after the sale is agreed, has already been completed. The searches, which can take up to five weeks, are ordered on the day the listing goes live and are transferable to the successful Buyer as part of their legal due diligence.

Additionally, and on behalf of the Seller, Redbrik requires the successful Buyer to enter into a Reservation Agreement and pay the Reservation Agreement Fee of £595 (including VAT). This includes payment for the Buyer Information Pack and all the searches (which a buyer typically purchases separately after the sale is agreed).

Upon receipt of the signed Reservation Agreement, payment of the Reservation Agreement Fee, completion of ID and AML checks and the issuing of the Memorandum of Sale, the Seller will agree to take the Property off the market and market it as Sold Subject To Contract (SSTC).

During the Reservation Agreement period, the Seller will reject all offers and not enter into another agreement with any other buyer. The reservation period is agreed upon at the time of sale but is usually between 60 and 120 days.

The Reservation Fee is non-refundable except where the Seller withdraws from the sale. A copy of the Reservation Agreement is available on request, and Redbrik advises potential buyers to seek legal advice before entering into the Reservation Agreement.

EPC Rating: C

## Property Photos

- ![Photo](/listings/photos/169040600/1231081)
- ![Photo](/listings/photos/169040600/1231082)
- ![Photo](/listings/photos/169040600/1231083)
- ![Photo](/listings/photos/169040600/1231084)
- ![Photo](/listings/photos/169040600/1231085)
- ![Photo](/listings/photos/169040600/1231086)
- ![Photo](/listings/photos/169040600/1231087)
- ![Photo](/listings/photos/169040600/1231088)
- ![Photo](/listings/photos/169040600/1231089)
- ![Photo](/listings/photos/169040600/1231090)
- ![Photo](/listings/photos/169040600/1231091)
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- ![Photo](/listings/photos/169040600/1231093)
- ![Photo](/listings/photos/169040600/1231094)
- ![Photo](/listings/photos/169040600/1231095)
- ![Photo](/listings/photos/169040600/1231096)
- ![Photo](/listings/photos/169040600/1231097)

## Floorplans

- ![Ground Floor](/listings/photos/169040600/1231098) - Ground Floor

## EPC Graphs

- ![EPC 1](/listings/photos/169040600/1231099) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 25 ALFORD CLOSE, CHESTERFIELD, DERBYSHIRE, S40 1YP | £111,000 | 31/03/2026 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 37 BAYCLIFF DRIVE, CHESTERFIELD, DERBYSHIRE, S40 1YQ | £104,000 | 08/01/2026 | Flat |
| [Same street] 37 ALFORD CLOSE, CHESTERFIELD, DERBYSHIRE, S40 1YP | £87,500 | 20/12/2023 | Flat |
| 24 MEYNELL CLOSE, CHESTERFIELD, DERBYSHIRE, S40 3BL | £83,000 | 15/09/2023 | Flat |
| 39 BAYCLIFF DRIVE, CHESTERFIELD, DERBYSHIRE, S40 1YQ | £97,000 | 15/11/2022 | Flat |

**Street average:** £87,500 (1 sale)
**Area average:** £94,667 (3 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £119,397 (15 Flat, S40, 2024–2026)
- **Deviation:** +0.5%

## Rental Range

*ONS Price Index of Private Rents (Chesterfield). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £664/mo
- **Realistic:** £738/mo
- **Optimistic:** £812/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Chesterfield (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £524/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, South Place, S40 | £950/mo | 2 | 0.33 miles | OpenRent |
| 2 Bed Terraced House, South Place, S40 | £950/mo | 2 | 0.33 miles | OpenRent |
| 2 Bed Terraced House, Sydney St, S40 | £800/mo | 2 | 0.4 miles | OpenRent |
| 2 Bed Terraced House, Elm Place, S40 | £775/mo | 2 | 0.47 miles | OpenRent |

**Average rent: £869/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 0.73% (weak for cashflow)
- **Max investor price (0.8%):** £109,375
- **Target investor price (1%):** £87,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £875/mo).*

- **Gross yield:** 8.8%
- **Cost-to-rent:** 11.4×
- **Monthly cashflow:** £290/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £2,308/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 1.3%
- **10y growth:** -22.6%

## House Price Index (HM Land Registry)

*Official index for Chesterfield; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -0.6%
- **5y growth (index):** 4.8%
- **10y growth (index):** 26.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)