230, Stenson Road, DERBY, Derbyshire, DE23 1JL

Description

A three bedroom semi detached property located in Littleover, close to an array of amenities and bus routes. The property requires a scheme of works/modernisation, giving scope to increase the value. The property has spray foam insulation and solar panels. The accommodation comprises; an entrance hall, porch, kitchen/diner, through dining/living room, WC to the ground floor and three bedrooms and a bathroom to the first floor. Externally, there is a driveway and garden to the front of the property. To the rear is a good sized garden, mainly laid to lawn, and access to the detached garage. The property is perfectly suited to an owner occupier or investor looking for a buy to let opportunity or to renovate and re-sell. Offered for sale with the benefit of vacant possession.

Accommodation

Ground Floor: Entrance hall, porch, kitchen/diner, through dining/living room, WC. First Floor: three bedrooms and a bathroom. External: driveway and garden to the front of the property. Garden and a garage positioned to the rear of the property.

Location

Located in Littleover, close to an array of amenities and bus routes.

Tenure / Property Information

Investment Analysis

The £250,000 sale of 228 Stenson Road is a same-road freehold semi-detached comparable, but it completed in 2004 and is not sufficient evidence of current market value. The £53,000 sale is from 1999 and is not reliable for current valuation. No current GDV, rental evidence or quantified refurbishment budget is supplied. The £165,000 guide plus the known £1,800 contract documentation fee implies at least £166,800 before any applicable seller fees, taxes, finance and works.

Investment Snapshot

Strategy Recommendation

Do not proceed at the guide without a full survey, current comparable valuation, refurbishment quotation, rental appraisal and confirmation of all special-condition fees. The property may suit renovation and resale or owner occupation, but neither strategy is currently underwritten by the evidence.

Works Required

Undertake a full inspection and prepare a scheme of modernisation appropriate to the existing condition. The evidence does not identify specific defective elements or provide a works budget. Particular attention should be given to the spray foam insulation, solar panels and heating system, with specialist checks where required.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because current GDV, refurbishment cost, rent and refinance value are unsupported. The property is vacant and described as requiring modernisation, but the available evidence is insufficient to establish refinance headroom.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Current condition, EPC and heating information are also incomplete. Do not rely on a yield calculation until rent and total refurbishment costs are verified.

Flip Analysis

A flip assessment cannot be quantified. The only same-road comparable is a 2004 completed sale, while the property requires unspecified works and no current market valuation or selling allowance is supplied. A current comparable valuation and detailed survey are required before bidding.

Investor Risks & Due Diligence

• Unquantified scheme of works and modernisation requirement.

• Spray foam insulation may require specialist assessment and could affect lending, insurance or resaleability; no condition evidence is supplied.

• Solar panel ownership, lease or maintenance arrangements are not provided.

• EPC is marked TBC and heating information is unavailable.

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

• Additional seller fees may apply under the special conditions but are not disclosed.

• Historic comparables from 1999 and 2004 do not establish current market value.

Recommendation

Do not proceed at the guide without a full survey, current comparable valuation, refurbishment quotation, rental appraisal and confirmation of all special-condition fees. The property may suit renovation and resale or owner occupation, but neither strategy is currently underwritten by the evidence.

Strategy Rating

Analysis Confidence

The evidence includes property description, guide price, one known buyer fee and two historic sales, but lacks current comparables, rental evidence, EPC, heating details, quantified works, GDV and potentially applicable seller fees.