30 Goodale Street, Derby, Derbyshire

Description

Vacant freehold mid terrace house with two reception rooms, kitchen, bathroom, three bedrooms, separate WC and rear garden. GIA approximately 93.55 sq m (1,007 sq ft). By order of a Housing Association.

Accommodation

Ground floor: two reception rooms, kitchen and bathroom. First floor: three bedrooms and separate WC. Rear garden. GIA approximately 93.55 sq m (1,007 sq ft).

Location

Located on the south side of Goodale Street. There is a range of shops and amenities along Pear Tree Road to the north. Derby station is approximately 1.2 miles to the north east. The A5111 is to the south. Osmaston Park to the south east.

Tenure / Property Information

Investment Analysis

Two recent completed sales on Goodale Street achieved £137,000 and £143,000 in April-May 2026. These provide the strongest evidence, although the comparable properties' condition, accommodation and specification are not supplied. The 2025 sale at £60,000 and older sales are materially less reliable. A base GDV of £140,000 is therefore an evidence-led midpoint estimate, subject to inspection and verification of comparability.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection and a fully costed budget. The apparent guide-to-GDV gap may offer resale potential, but insufficient condition, rental and fee evidence prevents a firm investment recommendation.

Works Required

No specific defects or required works are evidenced. Obtain a full inspection and budget only verified items; the property is vacant and should be assessed for general condition, statutory compliance and presentation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 guide, the indicative 75% refinance based on the £140,000 base GDV is £105,000. However, refurbishment costs, acquisition charges, finance costs and rental income are unknown, so cash left in and refinance viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Purchase price, works, finance, operating costs and possible seller or third-party charges would also need confirmation.

Flip Analysis

The recent same-street sales indicate a possible resale value around £137,000-£143,000, with a £140,000 base GDV. A flip surplus cannot be calculated because condition, works, acquisition costs, finance, selling costs and additional charges are not supplied.

Investor Risks & Due Diligence

• Property condition and refurbishment requirements are unknown.

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

• Buyer, administration, seller and third-party charges are not quantified.

• Comparable sale condition, size and specification are not supplied.

• The property is vacant and no income is currently evidenced.

Recommendation

Proceed only subject to inspection and a fully costed budget. The apparent guide-to-GDV gap may offer resale potential, but insufficient condition, rental and fee evidence prevents a firm investment recommendation.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, guide price and two recent same-street completed sales are supplied, but condition, rent, EPC, fees, works and comparable specifications are not.