16 Wellington Street, Heanor, Derbyshire, DE75 7FW

Description

Vacant freehold end of terrace house with two reception rooms, kitchen, bathroom, three bedrooms and a private rear garden. GIA approximately 92.35 sq m (994 sq ft). Close to local shops, supermarkets, countryside walks and leisure facilities. An eight week completion applies to this lot.

Accommodation

Ground floor: two reception rooms, kitchen and bathroom. First floor: three bedrooms. Externally: private rear garden. GIA approximately 92.35 sq m (994 sq ft).

Location

Conveniently located close to local amenities, schools, transport links and nearby countryside, with easy access to Derby, Nottingham and the M1 motorway. Close to countryside walks and leisure facilities.

Tenure / Property Information

Investment Analysis

Completed-sale evidence is mixed. The same property sold for £74,250 and £80,000 on 29 May 2026, while other Wellington Street terraced sales were £100,500 and £118,000. A £155,000 sale is a higher outlier with no supplied detail on size or condition. An indicative base GDV of £100,500 is used, but this is not a formal valuation. The £85,000 guide is above both supplied same-address sales and no condition, EPC, rent or fee evidence is available.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain a full viewing/survey, rental evidence and all buyer, administration and seller charges; the guide requires particular caution because it exceeds the two supplied same-address sales.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance cannot be estimated without inspection and a survey; verify the condition of the kitchen, bathroom, services, structure, finishes and garden before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A theoretical refinance at 75% of the indicative £100,500 base GDV would be £75,375. Cash left in cannot be calculated because purchase costs, works and applicable charges are unknown. The guide already exceeds the two supplied completed sales for this same address.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Buyer/admin charges, refurbishment costs, finance costs and operating costs are also unavailable.

Flip Analysis

A resale range can only be considered indicatively using supplied completed sales of £74,250 to £118,000, with £100,500 as the base scenario. Flip surplus cannot be calculated because refurbishment, acquisition, selling and other project costs are unsupported.

Investor Risks & Due Diligence

• The £85,000 guide exceeds the supplied same-address completed sales of £74,250 and £80,000.

• Property condition and any required works are not evidenced.

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

• Buyer premium, administration charges and other possible third-party fees are not supplied.

• An eight-week completion requirement applies.

Recommendation

Do not bid on the current evidence alone. Obtain a full viewing/survey, rental evidence and all buyer, administration and seller charges; the guide requires particular caution because it exceeds the two supplied same-address sales.

Strategy Rating

Analysis Confidence

There are several relevant completed sales, including two for the same address, but condition, rental, EPC, works, finance and fee evidence is incomplete and the comparable outcomes vary materially.