14 Lodge Way, Mickleover, Derby DE3 9BE

Description

FREEHOLD RESIDENTIAL INVESTMENT OPPORTUNITY. Situated within short walking distance of the village centre, is a traditionally built three bedroomed semi-detached property, requiring modernisation, enjoying a cul-de-sac location with vacant possession. Internally the uPVC double glazed and gas centrally heated living accommodation in brief comprises entrance hall with stairs and pantry, front sitting room with feature gas fire and bay window and an open plan dining kitchen. To the first floor landing there are three bedroom and a wet room. Outside the property is set nicely back from the road behind a neat fore garden with adjacent driveway providing car standing space and single detached garage. There is gated access to the side with adjoining brick built outbuilding and a delightful enclosed and well kept rear garden.

Accommodation

Entrance Hallway 3.96m max x 1.65m max; Hall Storage/Pantry 1.97m max x 0.79m, located under stairs; Lounge 3.32m into chimney recess x 4.64m into Bay Window; Kitchen 2.30m x 2.45m; Dining Area 2.80m x 3.36m; Landing 2.55m max x 1.80m max; Bedroom 1 (Front) 3.02m x 3.01m into chimney recess; Bedroom 2 (Rear) 3.17m x 3.39m; Bedroom 3 (Front) 2.09m x 1.99m; Wet Room 1.69m x 1.77m

Location

The property is well located within the very sought-after suburb of Mickleover, known for its excellent range of amenities and facilities. Nearby road network connections provide swift access onto the Royal Derby Hospital, city centre, A38, A50 and Toyota.

Tenure / Property Information

Investment Analysis

Same-street completed sales provide useful but limited evidence: £285,000 on 22 August 2024 and £340,000 on 28 August 2025, with older sales ranging from £168,000 to £237,500. A provisional base GDV of £285,000 is used, with £237,500 as a low scenario and £340,000 as a high scenario. The subject requires modernisation, but the evidence does not quantify its condition relative to the comparables, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally after obtaining a full survey, detailed refurbishment quotations, rental evidence and the Special Conditions of Sale. The opportunity may suit a refurbishment-led resale or refinance, but the available evidence is insufficient to select between strategies or set a safe maximum bid.

Works Required

Modernisation of the existing three-bedroom accommodation, including review and updating of the kitchen, wet room, finishes and general internal presentation as required. No detailed schedule, survey findings or contractor quotations are supplied, so the scope and cost remain unquantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £127,500 guide, the 1.2% buyer fee is £1,530, giving £129,030 before refurbishment, finance, conveyancing and any special-condition costs. A 75% refinance against the provisional £285,000 base GDV would be £213,750, but cash left in cannot be calculated without a supported works budget and complete acquisition costs.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property is vacant and requires modernisation, so rent, operating costs and post-works yield need to be verified before bidding.

Flip Analysis

The same-street sales support a provisional resale range of £237,500 to £340,000, with £285,000 as the base scenario. A flip surplus cannot be calculated because refurbishment costs, selling costs and the final condition are not evidenced.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unquantified despite the property being described as requiring modernisation.

• No sufficiently specific rental evidence is available, preventing reliable BTL yield analysis.

• The provisional GDV range is based on same-street sales without verified adjustment for condition, size or specification.

• Special Conditions of Sale may contain additional fees or obligations that are not supplied.

• Finance, taxation, conveyancing and selling costs are not provided and could materially affect returns.

Recommendation

Proceed only conditionally after obtaining a full survey, detailed refurbishment quotations, rental evidence and the Special Conditions of Sale. The opportunity may suit a refurbishment-led resale or refinance, but the available evidence is insufficient to select between strategies or set a safe maximum bid.

Strategy Rating

Analysis Confidence

There are several completed same-street sales and clear tenure, accommodation and occupancy information, but no EPC, rent evidence, survey, refurbishment budget, selling costs or complete special-condition costs.