120 Logan Street, Nottingham, Nottinghamshire, NG6 9FW

Description

A traditional two bedroom mid terrace property located within close proximity to Bulwell town centre, giving convenient access to an array of amenities including coffee shops, grocery stores, food outlets and other independent businesses. There is also a bus station located in the centre of Bulwell with buses servicing Nottingham city centre and surrounding areas. The property is well suited to a buy to let investor and an owner occupier. The accommodation comprises: a living room, dining room, kitchen, two bedrooms and a bathroom. The property is set back from the pavement behind a walled garden, adding to the privacy. To the rear of the property is a garden mainly laid to lawn. Offered for sale with the benefit of vacant possession.

Accommodation

Ground Floor: living room, dining room and a kitchen. First Floor: two bedrooms and a bathroom. External: walled garden to front and a garden to rear, mainly laid to lawn.

Location

Close proximity to Bulwell town centre, with convenient access to coffee shops, grocery stores, food outlets and other independent businesses. Bulwell bus station provides services to Nottingham city centre and surrounding areas.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Logan Street range from £108,000 to £163,500. The three more recent sales from 2023–2024 range from £146,500 to £163,500. A base GDV of £150,000 is used as a cautious estimate, with a wider evidence-supported range of £137,000–£163,500. Exact condition and comparability are not confirmed, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential BTL or owner-occupier purchase, subject to confirming condition, achievable rent, heating, parking and all special-condition fees. Do not rely on the apparent GDV margin without a pre-bid inspection and a firm works budget.

Works Required

No specific defects or required works are evidenced. The property should be inspected for general condition, kitchen, bathroom, decoration, services, heating and external areas before bidding; no refurbishment allowance can be reliably quantified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 guide, the stated £1,800 buyer documentation fee would bring the known acquisition cost to at least £101,800 before works and any other fees. A 75% refinance of the £150,000 base GDV would be £112,500, but total project cost and cash left in cannot be established because refurbishment costs and potentially applicable seller fees are unknown.

Buy-to-Let Analysis

The supplied advertised asking rents are £800–£1,050 pcm, implying an indicative gross yield of approximately 6.4%–8.4% against the £150,000 base GDV, or 9.6%–12.6% against the £100,000 guide. These are asking rents rather than achieved rents, and the analysis excludes unknown works, finance, seller fees and operating costs. BTL viability therefore requires inspection and rental validation.

Flip Analysis

The evidence supports a base resale value of approximately £150,000, with a broad range of £137,000–£163,500. A flip surplus cannot be calculated reliably because condition, refurbishment costs, finance costs and selling costs are not supplied. The guide-to-GDV spread is attractive on paper but remains highly dependent on the eventual purchase price and property condition.

Investor Risks & Due Diligence

• Property condition and any required refurbishment are not evidenced.

• Rental figures are advertised asking rents rather than achieved or passing rents.

• Parking and heating information requires confirmation from the auction centre.

• The seller may charge additional completion fees under the special conditions.

• The supplied sold comparables may differ in condition, specification and exact marketability.

• Total project cost, financing cost and net investment return cannot be established from the supplied evidence.

Recommendation

Potential BTL or owner-occupier purchase, subject to confirming condition, achievable rent, heating, parking and all special-condition fees. Do not rely on the apparent GDV margin without a pre-bid inspection and a firm works budget.

Strategy Rating

Analysis Confidence

There are several directly comparable completed sales and two rental asking-price indicators, but property condition, achieved rent, refurbishment costs, parking, heating and possible seller fees are unknown.