29 Oxford Street Spondon, Derby, Derbyshire, DE21 7JN

Description

We are pleased to bring this terraced property to our auction. It is in the quiet, popular village of Spondon and is situated ten minutes from Derby City centre. The A52 is also just a three minute drive away too, providing easy access to one of the major roads in the East Midlands. open house viewings (no need to book) Monday 24th August at 11:30am - 12:00pm Oxford street is a quiet residential street, with no through traffic. Spondon high street is just a short walk away and there is an Asda superstore in the town allowing for shopping convenience. The property entrance is on the main street and you walk into a cosy living space with an opening into the hallway. A second reception/dining room is found on the other side with views into the garden. The kitchen is positioned to the rear of the property, where you can access the garden. The three piece bathroom suite sits beyond the kitchen with a small open area in between. The garden can also be accessed via side gate at the front of the property. The stairs are located in the second reception room and lead onto a small landing at the top with a generous bedroom either side. The third bedroom sits at the back of the second bedroom with access through there. There would be some renovation required for either owner occupiers or investors. Two bedroom properties can achieve circa £850.00 + rent per month on this street so there is potential for a good return. Freehold Viewings available after 18th August 2026

Accommodation

The supplied particulars indicate approximately 2 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Derby, Derbyshire. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Kitchen and bathroom modernisation review

• Electrical/heating testing and upgrades

• Decoration and flooring

• Roof, damp and structural inspection

Rental & Market Context

HB screening rent is approximately £600–£800 pcm (£7,200–£9,600 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £88,500–£106,500 against purchase + works of approximately £112,000–£128,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-10,000–£30,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

Recommendation

Initial recommendation: BRRR or Refurbishment & Resale. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• BRRR: ★★★★☆

• Flip: ★★★★☆

• Buy-to-Let: ★★★☆☆