18 Kentwood Road, Nottingham NG2 4FL

Description

Investment opportunity with potential for £30,000 per year in rental income once fully let. Mid-terraced three-storey five-bedroom, two-bathroom property within a popular residential area with strong local demand for buy-to-let properties. The property requires some refurbishment and modernisation, offering potential to add value once renovated.

Accommodation

Ground floor: entrance hall, lounge, bedroom 1, kitchen and bathroom. First floor: bedrooms 2 and 3 and bathroom. Second floor: bedrooms 4 and 5. Outside: courtyard garden.

Location

Located in Sneinton, less than 2 miles east of Nottingham City Centre, with access to the city and a range of shops, local amenities and transport links.

Tenure / Property Information

Investment Analysis

The five sold same-road terraced comparables range from £110,000 to £160,000. The most recent evidence is £140,000 for 13 Kentwood Road in June 2026 and £120,000 for 24 Kentwood Road in April 2025. A base GDV of £140,000 is used, with a low scenario of £120,000 and high scenario of £160,000. The property’s five-bedroom, three-storey layout may support its position within this range, but the comparables do not confirm identical size, condition or specification. At the £135,000 guide, the 4.8% buyer premium would be £6,480; refurbishment and any special-condition costs remain unquantified.

Investment Snapshot

Strategy Recommendation

Consider only as a conditional income-led purchase, subject to inspection, confirmation of tenure and special conditions, and validation of the £30,000 fully-let rent estimate. Do not bid without a quantified works budget and maximum price calculation.

Works Required

Refurbishment and modernisation are indicated by the description, but no detailed schedule or condition report is supplied. Scope should be confirmed through inspection, including the condition of the two bathrooms, kitchen, decoration, flooring, services and communal/external areas before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £140,000 base GDV, 75% refinance is estimated at £105,000. However, total project cost and cash left in cannot be calculated because the refurbishment allowance and any additional auction or special-condition costs are unknown. BRRR viability therefore depends on confirming the works budget, achievable fully-let income and refinance terms.

Buy-to-Let Analysis

The auctioneer estimates £30,000 per year once fully let, equivalent to £2,500 pcm and a gross yield of approximately 22.22% on the £135,000 guide. This is an estimate rather than achieved rent, and no sufficiently specific external rental comparables were identified. Only two of the five bedrooms are currently let, so the fully-let income is not yet demonstrated. Net yield cannot be established because refurbishment, operating, finance and other costs are not supplied.

Flip Analysis

The base GDV is estimated at £140,000, based on same-road completed sales. A flip surplus cannot be calculated because refurbishment costs and a supported selling-cost allowance are not supplied. At the £135,000 guide, the buyer premium alone is £6,480 before works and other costs, leaving limited apparent headroom against the base GDV.

Investor Risks & Due Diligence

• The £30,000 annual rent is an auctioneer estimate for full occupancy, not achieved passing rent.

• Only two of the five bedrooms are currently let, so the assumed fully-let income is unproven.

• Refurbishment is required or indicated, but the scope and cost are unknown.

• The comparable sales range is wide at £110,000 to £160,000 and does not confirm identical size or condition.

• Tenure, EPC, council tax, heating and lease information are not supplied.

• Additional fees may be listed in the Special Conditions of Sale.

• The 5% auction deposit is a cash requirement at purchase, although it is not an additional purchase cost.

Recommendation

Consider only as a conditional income-led purchase, subject to inspection, confirmation of tenure and special conditions, and validation of the £30,000 fully-let rent estimate. Do not bid without a quantified works budget and maximum price calculation.

Strategy Rating

Analysis Confidence

There are five same-road completed sales and an auctioneer rent estimate, but no external rental comparables, detailed condition report, quantified refurbishment budget, tenure information, EPC, operating costs or full auction fee schedule.