16 Leabrooks Road, Alfreton, Nottinghamshire, Derbyshire, DE55 4HB

Description

Auction House would like to present this two bedroom terrace house located in Somercotes, Alfreton and offered to the market via online auction. Comprising of a lounge, dining room, kitchen, with two bedrooms, a family bathroom and a rear garden. This property is being marketed with vacant possession, making it an excellent investment opportunity in a sought after rental area. Close to a range of amenities and transport links.

Accommodation

Lounge, dining room, kitchen, two bedrooms, family bathroom and rear garden.

Location

Located in Somercotes, Alfreton, close to a range of amenities and transport links.

Tenure / Property Information

Investment Analysis

Nearby completed sales on the same road range from £84,500 to £91,000 for three properties sold between October 2025 and January 2026. Two higher sales at £170,000 and £195,000 are also recorded, but the evidence does not provide bedroom count, size, condition or specification, so they are not reliable direct comparables. A cautious base GDV of £87,345 is used, with a low scenario of £84,500 and high scenario of £91,000 based on the more closely clustered evidence. The subject's condition is not described, and no formal valuation or rental evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming condition, rental value and all auction costs. At the stated £45,000 guide, the known acquisition cost including the administration charge is £48,600 before works, but the evidence is insufficient to support a firm bid or strategy.

Works Required

No specific defects or required works are evidenced. Obtain a full inspection and budget only for necessary repairs, compliance items, redecoration or updating identified during due diligence. No refurbishment allowance can be quantified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A refinance at 75% of the cautious base GDV would be approximately £65,508.75, but total project cost cannot be calculated because refurbishment, finance, tax and other applicable costs are unsupported. BRRR viability therefore cannot be confirmed. The valuation range is also limited by the absence of size, condition and specification details for the comparables.

Buy-to-Let Analysis

Vacant possession and a two-bedroom layout may suit a rental strategy, but no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rent, gross yield, operating surplus and a supported purchase price cannot therefore be established. The known £3,600 administration charge would make acquisition at the £45,000 guide £48,600 before works and any other fees.

Flip Analysis

A flip assessment cannot be completed reliably because no refurbishment allowance, selling allowance or detailed condition evidence is supplied. The cautious base GDV is £87,345, but the £3,600 administration charge and unknown works and selling costs must be included before any resale surplus could be estimated.

Investor Risks & Due Diligence

• No condition or refurbishment information is provided.

• No sufficiently specific rental evidence or passing rent is available.

• The £3,600 administration charge is known, but buyer premium, disbursements and other applicable costs are not quantified.

• The comparable sales lack bedroom, size and condition details, and two higher sales are not directly comparable on the supplied evidence.

• Vacant possession means rental income is not currently established.

Recommendation

Proceed only after confirming condition, rental value and all auction costs. At the stated £45,000 guide, the known acquisition cost including the administration charge is £48,600 before works, but the evidence is insufficient to support a firm bid or strategy.

Strategy Rating

Analysis Confidence

There are several recent completed sales on the same road and the property is clearly described as a vacant freehold two-bedroom terrace, but condition, floor area, comparable specifications, rent and refurbishment costs are not supplied.