Chesterfield Flat at £125,000 — A Data-First Look
A flat at Spinner Croft in Chesterfield, postcode district S40, is listed at an asking price of £125,000. The listing carries three recorded signals: it has been relisted, the price has been reduced, and the sale is being conducted by auction rather than private treaty. No rental estimate, gross yield or other return metric accompanies the available data. At the stated price, and without independently sourced rental comparables, neither a yield nor a return on capital can be confirmed at this stage. That makes this a data-gathering exercise before it can become a financial assessment.
What the listing shows
The property is a flat on Spinner Croft, situated in the S40 postcode district of Chesterfield. The listing carries three signals that distinguish it from a straightforward new-to-market instruction. It has been relisted, indicating it was previously marketed without completing a sale. The asking price has since been reduced from an earlier figure. The method of sale is auction, which imposes a different legal and financial timeline than a standard private treaty transaction: buyers exchange contracts on the day and completion typically follows within 28 days. The number of bedrooms and the tenure are not specified in the available listing data.
The numbers at a glance
| Metric | Detail |
|---|---|
| Asking price | £125,000 |
| Property type | Flat |
| Listing signals | Relisted, reduced, auction |
No rental figure, gross yield, return on capital employed or debt-service coverage ratio is provided in the current data. A gross yield calculation at the £125,000 asking price would require an independently sourced monthly rent estimate for comparable flats in S40.
How this area compares
Chesterfield is a market town in north Derbyshire, positioned between Sheffield to the north and Derby to the south, with rail links to both. S40 covers central parts of the town and some of its surrounding residential areas. The town has an established commuter profile connected to the Sheffield city region and the East Midlands, a factor relevant to any rental demand calculation. No average sale price or yield benchmark for S40 appears in the current deal data; published land registry records and local letting agent rental evidence are the conventional sources for that context.
What to check before viewing
Because this property is being sold at auction, the legal pack is the priority document to request and review before the sale date. It typically contains the title register, special conditions of sale, any outstanding charges or restrictions, searches and planning history. Reading the pack prior to bidding is standard practice because the winning bidder is contractually committed from the fall of the hammer. The tenure is unconfirmed in the listing; leasehold flats carry considerations including remaining lease length, annual ground rent and service charge levels, all of which affect running costs and future mortgage eligibility. The relisting and price reduction signals are worth discussing directly with the auctioneer to establish the full marketing history and the scale of any price movement.
At £125,000 with three active market signals, this Chesterfield flat presents a defined price point alongside a set of listing characteristics that require investigation before a full picture emerges. The absence of rental data combined with the auction format means that sourcing rent comparables, reviewing the legal pack and confirming the tenure are prerequisites to any bidding decision.
See the actual listing
Direct link to the current property listing. Check the live listing for up-to-date price and availability before viewing.