18 Hampden Street, Nottingham, Nottinghamshire, NG16 2FQ

Description

Freehold two floor end terrace house requiring modernisation. Full vacant possession.

Accommodation

First floor: Two bedrooms, bathroom/WC. Ground floor: Through reception room, kitchen. Outside: Rear yard. Gross Internal Area GIA: approximately 61 sq m (656 sq ft).

Location

The property is situated on Hampden Street between its junctions with Orchill Street and Portland Road. Public transport links include Langley Mill Mainline Rail Station together with a network of local bus services serving the surrounding vicinity. Road links include the A610 and M1 Motorway (Junction 26). Shopping amenities can be found locally within Giltbrook Retail Park and Eastwood Town Centre, with an extensive range of shops, bars and restaurants being found in Nottingham City Centre. Recreational pursuits can be found locally at the open spaces of Shipley Country Park.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same property completing at £100,000 on 15 April 2026. Nearby same-street sales were £115,000 and £118,000 in 2023, but the property requires modernisation and their condition is not supplied. A conservative base GDV of £100,000 is therefore used, with £118,000 as an evidence-supported upper scenario. The £1,800 inclusive-of-VAT administration charge is known; any seller fees remain unconfirmed.

Investment Snapshot

Strategy Recommendation

Investigate cautiously as a potential BTL or refurbishment project, but obtain a full inspection, refurbishment quote, parking/heating information, special conditions and rent validation before setting a bid limit.

Works Required

Modernisation is required, but the evidence does not specify the scope, defects or specification. A reliable refurbishment allowance cannot therefore be calculated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 base GDV, a 75% refinance is approximately £75,000. Because the modernisation budget and full acquisition costs are unavailable, the cash left in and viability of a BRRR exit cannot be reliably calculated. The strategy requires confirmed works, fees and achievable rent before bidding.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £1,100 pcm, equivalent to £13,200 annually, not an achieved or passing rent. This indicates an 18.86% gross yield against the £70,000 guide price before refurbishment, finance, voids, management, maintenance, taxes and other costs. A fully loaded BTL return cannot be established because refurbishment costs and some completion costs are unknown.

Flip Analysis

A same-property completed sale at £100,000 supports the base GDV, while older nearby sales support an upper scenario up to £118,000. A flip surplus cannot be calculated because refurbishment costs, seller fees and selling costs are not supplied. The guide price plus the known £1,800 administration charge is not sufficient to establish project profit.

Investor Risks & Due Diligence

• The property is stated to require modernisation, but the extent and cost of works are unknown.

• The £1,100 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Parking and heating information has not been confirmed.

• The guide price is not a guaranteed purchase price and the property may sell above guide.

Recommendation

Investigate cautiously as a potential BTL or refurbishment project, but obtain a full inspection, refurbishment quote, parking/heating information, special conditions and rent validation before setting a bid limit.

Strategy Rating

Analysis Confidence

There is strong same-property completed-sale evidence and one rental listing, but the modernisation scope, refurbishment costs, achieved rent, seller fees, parking and heating details are unavailable.