30 Milton Road, Ilkeston, Derbyshire, DE7 8NU

Description

A two-bedroom freehold property requiring refurbishment throughout, offering excellent investment potential and conveniently located within easy reach of Ilkeston town centre. The property is situated in an established residential area and offers potential for improvement and value enhancement.

Accommodation

Approximately 651 sq. ft. (60.5 sq. m.), comprising an entrance hallway, lounge with fireplace, spacious kitchen with room for dining, ground-floor bathroom, and two well-proportioned double bedrooms on the first floor. Externally, there is a walled front garden with gated access.

Location

Within easy reach of Ilkeston town centre, with access to local shops, supermarkets, schools and everyday amenities. Transport connections provide access to Derby, Nottingham and the wider East Midlands. Ilkeston railway station offers regular services towards Nottingham and Sheffield.

Tenure / Property Information

Investment Analysis

Available same-road completed sales range from £95,000 to £165,000, but the evidence includes different property types and dates. The closest apparent terraced evidence is £125,000, £130,000 and £145,000. As the subject property's exact type and refurbishment scope are not confirmed, a cautious scenario range is used rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only to further due diligence, including legal pack review, full refurbishment costing and rental evidence. Do not set a bid limit from the supplied data alone.

Works Required

Refurbishment throughout as stated in the listing. The supplied evidence does not specify the individual works, specification or cost, so no detailed scope or allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV scenario of £130,000, 75% refinance equates to £97,500. BRRR cash requirements and equity cannot be calculated because refurbishment costs, total acquisition costs and rental income are unsupported. The refinance figure is therefore indicative only.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs and additional acquisition charges are also unknown. The stated £3,600 admin charge would apply in addition to the £15,000 guide, before other possible fees.

Flip Analysis

The available same-road sales support a cautious GDV scenario of £125,000 to £145,000, with a £130,000 base case. A flip surplus cannot be calculated because refurbishment costs, full purchase costs, other auction charges and any selling allowance are not supplied.

Investor Risks & Due Diligence

• Refurbishment is described as throughout, but no works schedule or cost estimate is supplied.

• No sufficiently specific rental evidence is available, preventing reliable BTL yield analysis.

• The £3,600 admin charge is stated, while other possible buyer, legal, search, transfer and seller-cost charges remain unspecified.

• Comparable sales include different property types and dates, limiting GDV precision.

• The property's exact type, occupancy status, parking and heating details are not supplied.

Recommendation

Proceed only to further due diligence, including legal pack review, full refurbishment costing and rental evidence. Do not set a bid limit from the supplied data alone.

Strategy Rating

Analysis Confidence

There are several relevant completed same-road sales, but property-type comparability, refurbishment scope, rental evidence and total acquisition costs are incomplete.