21 Granby Road, Hinckley, Leicestershire, LE10 0PW

Description

Freehold three floor semi-detached house requiring modernisation. Full vacant possession.

Accommodation

Second floor: Loft room. First floor: Three bedrooms, bathroom/WC. Ground floor: Through reception room, kitchen, utility, shower room/WC, hallway. Outside: Front and rear garden. Gross Internal Area GIA approximately 97 sq m (1,044 sq ft).

Location

The property is situated on Granby Road between its junctions with Rugby Road and Rutland Avenue. Public transport links include Hinckley Mainline Railway Station and local bus services. Road links include the A5 and M69 motorway. Shopping amenities are available locally within Hinckley Town Centre, with further shops, bars and restaurants in Leicester City Centre. Recreational pursuits are available at Granville Road Park and Clarendon Park.

Tenure / Property Information

Investment Analysis

The property is a vacant freehold three-floor semi-detached house requiring modernisation. The strongest evidence is the same property selling for £156,000 on 12 August 2026. Other same-road semi-detached freehold sales range from £203,000 to £232,000 between 2021 and 2023, with a £270,000 outlier. Allowing for limited information on condition, accommodation differences and sale dates, an indicative HB scenario range is £156,000–£232,000, with £203,000 used as a cautious base GDV. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only as a refurbishment-led resale candidate after verifying the condition, parking, heating, special conditions and a detailed works budget. Do not rely on the supplied rental evidence for a BTL decision, and do not set a maximum bid without cost and resale due diligence.

Works Required

Modernise the existing three-bedroom accommodation, including the reception room, kitchen, utility, shower room, bathroom/WC and general internal finishes. The evidence does not identify specific defects, required structural work or service installations, so no detailed scope or cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy could be considered because the property is vacant and requires modernisation, but the evidence does not support a refurbishment budget or post-works rent. At the £203,000 base GDV, 75% refinance is £152,250; however, cash left in cannot be calculated without supported works and total-cost figures.

Buy-to-Let Analysis

BTL economics cannot be established reliably. The only rental evidence is an advertised £750 pcm for two static homes in LE10 3AQ, which is not directly evidenced as rent for this property. Works costs, finance costs and total project cost are also unavailable. The property is vacant and has no passing rent.

Flip Analysis

A refurbishment-led resale is potentially the clearest strategy because the property is vacant and requires modernisation. Same-road sales provide a broad indicative resale range of £156,000–£232,000, with £203,000 as the base GDV. Flip surplus cannot be calculated because no supported works cost or selling-cost allowance is available. At the £125,000 guide, the known guide price plus the £1,800 buyer administration charge is £126,800 before works and any seller-charged fees.

Investor Risks & Due Diligence

• The property requires modernisation, but the extent and cost of works are not provided.

• The rental evidence relates to two static homes elsewhere in LE10 3AQ and is not a reliable rent estimate for this house.

• Parking and heating information require confirmation.

• The same-road comparables vary materially in price and date, and their condition and accommodation details are not supplied.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• No supported maximum bid can be calculated without refurbishment, selling and other project costs.

Recommendation

Proceed only as a refurbishment-led resale candidate after verifying the condition, parking, heating, special conditions and a detailed works budget. Do not rely on the supplied rental evidence for a BTL decision, and do not set a maximum bid without cost and resale due diligence.

Strategy Rating

Analysis Confidence

The property description, recent same-property sale, same-road sold comparables, guide price and buyer administration charge are available. However, detailed condition, works costs, property-specific rental evidence, parking, heating and any seller fees are unavailable.