20 Priestsic Road, Sutton-In-Ashfield, Ashfield, Nottinghamshire, NG17 4EB

Description

Auction House Notts and Derby would like to present this three bedroom mid terrace property located in Sutton in Ashfield and offered to the market via online auction. Comprising of a lounge, dining room with cellar access, kitchen, and with three bedrooms, a large bathroom, and a rear garden, this property is being sold with vacant possession and provides an excellent investment opportunity.

Accommodation

Lounge, dining room with cellar access, kitchen, three bedrooms, large bathroom and rear garden.

Location

Located in Sutton in Ashfield, close to transport links and amenities.

Tenure / Property Information

Investment Analysis

The strongest evidence is the exact property’s completed sale at £68,500 on 28 May 2026. Other same-road terraced sales range from £62,500 to £130,000, indicating variation in condition, specification or circumstances. A supported working GDV is therefore £68,500, with a cautious evidence range of £62,500 to £88,000. The £130,000 sale is materially higher and is not adopted in the base case without further comparability evidence.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR purchase only if bidding remains close to the lower guide, inspection confirms no material works and total auction costs are verified. Do not rely on the upper comparable range or advertised rents without further validation.

Works Required

No specific defects or required works are evidenced. Allow for survey, legal and safety checks, cleaning and any repairs only where confirmed after inspection; refurbishment cost cannot be quantified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £68,500 base GDV, 75% refinance is £51,375. This could provide a viable refinance basis if the property is acquired near the lower guide and requires limited works, but the cash position cannot be calculated because refurbishment costs, buyer premium and other acquisition costs are not specified.

Buy-to-Let Analysis

Advertised asking rents of £795-£875 pcm imply gross yields of approximately 13.92%-15.33% against the £68,500 base GDV, before finance, voids, management, maintenance and tax. At the £45,000 guide, the equivalent gross yield range is approximately 21.20%-23.33%. These are asking rents, not achieved rents. Viability is subject to the final purchase price, unspecified buyer premium and confirmed condition.

Flip Analysis

The exact property’s recent £68,500 completed sale supports the base GDV. A flip surplus cannot be calculated reliably because refurbishment costs, buyer premium, other acquisition costs and selling costs are not fully evidenced. The £62,500-£88,000 comparable range creates meaningful resale uncertainty.

Investor Risks & Due Diligence

• Buyer premium amount is unspecified and additional legal, search, transfer and seller-cost disbursements may apply.

• The property’s condition and refurbishment requirement are not evidenced.

• Rental figures are advertised asking rents rather than achieved rents.

• Same-road sold prices vary materially, creating GDV uncertainty.

• Vacant possession means rent is not currently passing.

• Finance, void, management, maintenance and tax costs are not included in the gross-yield figures.

Recommendation

Potential BTL or BRRR purchase only if bidding remains close to the lower guide, inspection confirms no material works and total auction costs are verified. Do not rely on the upper comparable range or advertised rents without further validation.

Strategy Rating

Analysis Confidence

There is strong exact-property and same-road sold-price evidence plus two relevant advertised rents, but condition, achieved rent, buyer premium, refurbishment costs and selling costs are unavailable.