2 Suffolk Avenue, Chaddesden, Derby DE21 6ER

Description

A spacious and extended end of terrace property offered for sale with no upward chain, benefiting from off-road parking, a garage, and a generous rear garden. While the property would benefit from some modernisation and cosmetic improvement, it offers excellent potential and spacious accommodation. The layout includes two reception rooms, two well-proportioned bedrooms, and provides an ideal opportunity for buyers looking to create a home to their own taste.

Accommodation

Entrance porch; dining room 14'8" x 10'10" (4.5m x 3.3m); living room 14'9" x 11'3" (4.5m x 3.4m); sun room 9'5" x 17'6" (2.9m x 5.3m); kitchen 14'11" x 8'2" (4.5m x 2.5m); first floor landing 5'5" x 5'3" (1.6m x 1.6m); bedroom one 14'10" x 11'4" (4.5m x 3.5m); bedroom two 7'1" x 11'0" (2.2m x 3.4m); bathroom 7'5" x 5'3" (2.3m x 1.6m). Garage 18'3" x 12'2" with light and power.

Location

Suffolk Avenue is well situated for Chaddesden and its range of amenities together with excellent road links for the A52, M1 motorway, A50 and Nottingham East Midlands Airport.

Tenure / Property Information

Investment Analysis

The strongest evidence is the £160,000 sale of 38 Suffolk Avenue in July 2025, with earlier same-street sales at £160,000 and £163,200. Older evidence ranges from £125,000 to £135,000. A base GDV of £160,000 is a cautious estimate, but the comparables are described as semi-detached whereas this property is described as an extended end-of-terrace, and its internal condition has not been inspected. The guide is materially below the indicative GDV, although refurbishment costs, tenure, EPC, rent and special-condition fees are unknown.

Investment Snapshot

Strategy Recommendation

Consider primarily as an owner-occupier purchase requiring modernisation, subject to inspection, legal due diligence and confirmation of total auction costs. Do not rely on BTL or BRRR assumptions without rent and works evidence.

Works Required

Modernisation and cosmetic improvement as indicated by the auction description. The evidence does not quantify or specify works, so no refurbishment budget is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV estimate, 75% refinance is £120,000. However, total acquisition and refurbishment cost cannot be calculated because works, tenure-related costs and any additional fees are unknown. BRRR cash left in and viability therefore cannot be established.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Buyer premium at the £110,000 guide would be £6,000 because the stated 4.8% calculation is below the £6,000 minimum, before any unknown special-condition fees or refurbishment.

Flip Analysis

The same-street evidence suggests a potential resale benchmark around £160,000, but a flip surplus cannot be calculated because refurbishment costs, selling costs and the final property condition are unsupported. The subject/comparable property-type difference also reduces confidence.

Investor Risks & Due Diligence

• No tenure or occupancy information is supplied.

• The property requires modernisation and cosmetic improvement, but the scope and cost are unknown.

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

• The comparables are described as semi-detached while the subject is described as an extended end-of-terrace.

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

• No EPC, council tax or detailed legal information is supplied.

Recommendation

Consider primarily as an owner-occupier purchase requiring modernisation, subject to inspection, legal due diligence and confirmation of total auction costs. Do not rely on BTL or BRRR assumptions without rent and works evidence.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales, including a 2025 sale, but the subject/comparable type differs and key inputs including condition, tenure, EPC, rent, works cost and special fees are missing.