15 Alexandra Road, Long Eaton, Nottingham, NG10 1LA

Description

A vacant freehold semi detached property standing back from the road behind a foregarden.

Accommodation

Ground Floor: Entrance Hall, Reception Room, Kitchen. First Floor: Landing, Two Bedrooms, Bathroom/WC. Outside: Gardens.

Location

Standing back from the road behind a foregarden.

Tenure / Property Information

Investment Analysis

The strongest supplied evidence is the same-road semi-detached sale at 5 Alexandra Road for £190,000 in July 2022. The 2020 sale at 13 Alexandra Road was £140,000. These provide an evidence-based historical range of £140,000–£190,000, but property condition, specification and current market movement are not supplied, so this is not a formal current valuation. Base GDV is provisionally set at £190,000, subject to inspection and updated valuation evidence.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a BTL or BRRR assessment at a controlled price, subject to inspection, verified rent, legal-pack review and a realistic works budget. Do not rely on the headline GDV or refinance outcome until current valuation and condition are confirmed.

Works Required

No specific defects or required works are evidenced. A physical inspection should establish condition, and the EPC E rating should be reviewed for any compliance or improvement requirements before bidding. No refurbishment budget is therefore included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £30,000 guide and known £2,700 administration charge gives a provisional acquisition basis of £32,700 before unquantified works and other costs. A 75% refinance against the provisional £190,000 base GDV would equate to £142,500, implying theoretical cash extraction of £109,800 above this known-cost basis. This is highly sensitive to the dated comparable evidence, valuation, lender criteria, condition, works and additional acquisition costs, so it should not be treated as assured refinancing.

Buy-to-Let Analysis

The supplied advertised asking rent is £895 pcm, equivalent to £10,740 annually. Against the £30,000 guide, this indicates a gross yield of 35.80%. Including the known £2,700 administration charge, but excluding any refurbishment, finance, tax, legal, insurance, maintenance and other unknown costs, the indicative gross yield is 32.84%. The rent is an asking figure rather than achieved rent, and actual costs and condition are unknown.

Flip Analysis

The provisional base GDV of £190,000 is supported only by the latest supplied same-road sale, completed in 2022. A £140,000 low scenario is supported by the 2020 same-road sale. A flip surplus cannot be reliably calculated because refurbishment, selling and other project costs are not supplied. The apparent spread between the guide and comparables should not be relied upon without inspection and legal-pack review.

Investor Risks & Due Diligence

• Dated comparable evidence may not represent current market value.

• Property condition and required works are not evidenced, so refurbishment costs are unknown.

• The £895 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Buyer premium and additional special-condition costs are not supplied; stamp duty and government taxes are excluded.

• The EPC is rated E and any resulting improvement requirements or costs are unknown.

• Vacant possession means there is no confirmed existing rental income at completion.

• Refinance at 75% of GDV is not guaranteed and depends on lender valuation, condition and underwriting.

Recommendation

Potentially suitable for a BTL or BRRR assessment at a controlled price, subject to inspection, verified rent, legal-pack review and a realistic works budget. Do not rely on the headline GDV or refinance outcome until current valuation and condition are confirmed.

Strategy Rating

Analysis Confidence

The evidence includes same-road completed sales, an advertised rent, the guide and the known administration charge, but the sales are dated, condition and specification are unknown, no works budget or full fee schedule is supplied, and the rent is not an achieved rent.