12 Stamford Street, Nottingham, Nottinghamshire, NG16 2QL

Description

A two-bedroom bungalow prime for modernisation situated in a cul-de-sac position in the village of Awsworth. Briefly comprising an entrance hall, dining lounge, kitchen, and shower room, the property also benefits from off road parking and gardens front and rear. A short distance away are a selection of local amenities including the village hall and bowls club, primary schooling, café and public houses. The A610 offers easy commuter access to the M1 and Nottingham, with further amenities, high-street shopping, and leisure facilities in Ilkeston and Kimberley. Offered with the benefit of vacant possession.

Accommodation

Ground Floor: Entrance hall, lounge/dining room, kitchen, two bedrooms, shower room/w.c. External: Front and rear gardens, off-road parking.

Location

Cul-de-sac position in the village of Awsworth. Nearby amenities include the village hall, bowls club, primary schooling, café and public houses. The A610 offers commuter access to the M1 and Nottingham; further amenities, high-street shopping and leisure facilities are available in Ilkeston and Kimberley.

Tenure / Property Information

Investment Analysis

The most relevant evidence is the two same-street detached freehold sales in 2025 at £200,000 and £210,000. Older same-street sales range from £154,000 to £182,000 but are less current. A base GDV of £205,000 is used, with a supported evidence range of £200,000–£210,000. The subject is described as requiring modernisation, but no detailed condition or works cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only if inspection confirms that modernisation is manageable within the available margin. The property may suit an owner-occupier or cautious resale strategy; BTL should not be underwritten until achievable rent is evidenced.

Works Required

Modernisation is indicated by the description, but the evidence does not specify defects or required works. A detailed inspection is required before budgeting for kitchen, bathroom, decoration, services or external works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £205,000 base GDV, a 75% refinance is approximately £153,750. Total project cost and cash left in cannot be calculated because refurbishment costs and any seller-charged completion fees are unsupported. The £1,800 inclusive-of-VAT contract documentation fee is known and payable by the buyer.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property is vacant, and actual achievable rent, operating costs and finance costs remain unknown.

Flip Analysis

The latest same-street detached sales support a £200,000–£210,000 GDV range, with £205,000 adopted as the base. Against the £165,000 guide, there is an apparent headline margin before refurbishment, the £1,800 documentation fee, acquisition and selling costs, finance, and any seller-charged fees. A reliable flip surplus cannot be calculated without works and selling-cost evidence.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the extent and cost of works are unknown.

• No sufficiently specific rental evidence is available, so BTL yield cannot be established.

• The seller may charge additional completion fees under the special conditions, but these are not supplied.

• Finance, acquisition, selling and transaction costs are not provided.

• The guide price is not a guaranteed purchase price and the final auction price may be higher.

Recommendation

Proceed only if inspection confirms that modernisation is manageable within the available margin. The property may suit an owner-occupier or cautious resale strategy; BTL should not be underwritten until achievable rent is evidenced.

Strategy Rating

Analysis Confidence

Recent same-street sold comparables and the guide price are available, but there is no detailed condition report, refurbishment budget, rental evidence, or complete fee schedule.