21 Kenilworth Close, Worksop, Nottinghamshire, S80 2RP

Description

By Order of a Housing Association. Vacant freehold semi-detached house with ground-floor reception room and kitchen, first-floor two bedrooms and bathroom with WC, and garden. GIA approximately 56 sq m (603 sq ft), sourced from the EPC.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom with WC. Garden.

Location

Located on the south east corner of Kenilworth Close. The shops and amenities of Worksop town centre are to the north west. Worksop rail station is approximately 1.2 miles to the north. The A57 is easily accessible to the south. The hills of the Peak District are to the west.

Tenure / Property Information

Investment Analysis

The latest supplied comparable is 3 Kenilworth Close, a freehold semi-detached property sold for £115,000 in January 2025. An earlier sale of the same address was £90,000 in February 2021. The subject is also a two-bedroom semi-detached house, but its condition, parking, heating, council tax and internal specification are not evidenced. A base GDV of £115,000 is therefore indicative only; £90,000 is used as a lower historical evidence point. No supported higher scenario is available.

Investment Snapshot

Strategy Recommendation

Do not bid or underwrite a project return until the guide price, legal pack, condition, required works and all buyer/seller charges are confirmed. The property may suit a BTL or resale strategy only if acquired materially below the supported GDV and inspection confirms acceptable condition.

Works Required

No specific defects or refurbishment requirements are evidenced. A pre-purchase inspection should establish whether any works are required; no works allowance can be quantified from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative £115,000 base GDV, 75% refinancing equates to £86,250. Cash left in cannot be calculated because the purchase price, refurbishment cost and applicable fees are unknown. The absence of condition evidence prevents a reliable BRRR assessment.

Buy-to-Let Analysis

The supplied rental evidence is an advertised asking rent of £750 pcm, equivalent to £9,000 annually, rather than achieved rent. Gross yield cannot be calculated because the auction guide or purchase price is unavailable. Buyer premiums, administration charges and other possible fees are also unspecified.

Flip Analysis

A January 2025 sale of the same street and property type supports an indicative £115,000 GDV, with £90,000 as an older evidence point. A flip surplus cannot be calculated because the purchase price, works, acquisition costs and selling allowance are unavailable.

Investor Risks & Due Diligence

• Auction guide price is unavailable, preventing maximum-bid and yield calculations.

• Property condition and required works are not evidenced.

• The £750 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Buyer premium, administration charges and other possible fees are unspecified.

• The £115,000 GDV indication relies principally on one comparable sale and may not reflect the subject property's condition or specification.

Recommendation

Do not bid or underwrite a project return until the guide price, legal pack, condition, required works and all buyer/seller charges are confirmed. The property may suit a BTL or resale strategy only if acquired materially below the supported GDV and inspection confirms acceptable condition.

Strategy Rating

Analysis Confidence

There is a recent same-street comparable and one advertised rental, but no guide price, condition assessment, refurbishment cost, fees, council tax, parking or achieved-rent evidence.