106 Alfreton Road, Newton, Derbyshire, DE55 5TQ

Description

An end terraced property, standing back from the road behind a foregarden with countryside views to the frontage.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Utility First Floor: Landing, Three Bedrooms, Bathroom/WC Outside: Gardens

Location

Standing back from the road behind a foregarden with countryside views to the frontage.

Tenure / Property Information

Investment Analysis

The evidence includes two more relevant same-road terraced sales at £95,000 in 2017 and £117,000 in 2020. The £335,000 2018 sale is materially higher and cannot be relied upon without further property-specific detail. A base GDV of £117,000 is therefore used as an indicative, dated comparable-based estimate, with £95,000 as a conservative supported scenario. No current valuation, condition survey or detailed comparable specification is supplied.

Investment Snapshot

Strategy Recommendation

Potentially attractive as a low-entry BTL or value-led purchase if acquired near guide and inspection confirms acceptable condition, but do not bid without a works budget, legal-pack review and confirmation of achievable rent and resale value.

Works Required

No specific refurbishment works are evidenced. Allowance should be based on a full inspection and legal pack review; only the stated existing accommodation, gas central heating and EPC D can be relied upon.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £75,000 guide plus the known £2,700 administration charge, the refinance value at 75% of the £117,000 base GDV would be approximately £87,750. However, refurbishment costs, taxes, finance costs and other completion costs are unsupported, so cash required and cash left in cannot be calculated reliably. BRRR viability depends heavily on the actual purchase price, condition and lender valuation.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £1,100 pcm for a three-bedroom property in DE55, not an achieved rent and not specifically confirmed for this address. At the £75,000 guide, this indicates 17.6% gross yield before the £2,700 administration charge, purchase taxes, finance, insurance, maintenance, voids and any works. The true net yield cannot be established from the evidence.

Flip Analysis

Using the indicative £117,000 base GDV, the gross uplift over the £75,000 guide is £42,000 before the £2,700 administration charge, refurbishment, purchase taxes, finance, selling costs and auction-price competition. A reliable flip surplus cannot be calculated because works and selling costs are not supplied. The comparable evidence is limited and dated.

Investor Risks & Due Diligence

• The £1,100 pcm figure is an advertised asking rent for DE55 rather than an achieved rent specific to the property.

• The comparable sales are dated and provide limited detail on size, condition and specification.

• The £335,000 comparable is a material outlier and has not been relied upon.

• Refurbishment requirements and costs are unknown because no condition survey or detailed defects schedule is supplied.

• The £2,700 administration charge is known, but additional special-condition costs, taxes, finance and selling costs are not supplied.

• The final purchase price may exceed the £75,000 guide because the property is offered at £75,000+.

• The property is vacant, so there is no passing rental income.

• 75% of GDV refinancing is indicative only and depends on lender valuation, underwriting and the achieved post-works value.

Recommendation

Potentially attractive as a low-entry BTL or value-led purchase if acquired near guide and inspection confirms acceptable condition, but do not bid without a works budget, legal-pack review and confirmation of achievable rent and resale value.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, guide, administration charge and basic comparable/rental evidence are supplied, but condition, refurbishment costs, achieved rent, current valuation, taxes, finance and full legal-pack costs are unavailable.