36 Main Street, Hemington, Derby

Description

A three storey, three Bedroom, End Terraced Cottage in a highly desirable village location. Extended house with three bedrooms, garden to side, long rear garden and brick store/Coach House. The property retains a wealth of charm and character including latched doors, beamed ceilings and period fireplaces. Standing on a good size plot with a large garden to the side which may offer potential for parking, subject to permissions and a long garden to the rear with three brick outbuildings including a two storey Coach House which offer scope for numerous uses, subject to any required permissions.

Accommodation

Extended Dining Kitchen measuring 5.05m x 4.48m, lounge measuring 3.62m x 3.00m, landing, Bedroom One measuring 3.57m x 2.70m, Bedroom Two measuring 3.50m x 2.56m, bathroom measuring 4.78m x 2.06m, and second floor loft bedroom measuring 4.50m x 4.27m. Outside there is a small front garden, large side garden laid to lawn, long rear garden with lawn and greenhouse, two brick outbuildings each measuring 4.40m x 3.80m, and a two storey Coach House measuring 7.35m x 2.40m.

Location

Hemington is a quaint, highly desirable village offering superb transport links via the motorway network and easy access to East Midlands Airport.

Tenure / Property Information

Investment Analysis

The strongest evidence is 31 Main Street, Hemington, which sold for £267,300 in May 2026. Other same-street terraced sales range from £190,000 to £280,500, with the £420,000 and £80,000 sales indicating significant variation but without sufficient detail to apply them confidently. A base GDV of £267,300 is used, with a supported evidence range of £190,000 to £280,500. The subject's extended accommodation, gardens and Coach House may support value, but their condition, legal status and permitted uses are not evidenced.

Investment Snapshot

Strategy Recommendation

Conditional long-term BTL/owner-occupier purchase only if survey, legal title, permissions and achievable rent support the guide price. Do not rely on BRRR or flipping without verified works costs and resale evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full survey and investigate the condition of the boiler, character features, outbuildings, Coach House, gardens and drainage. Any parking or alternative use of the outbuildings should be subject to planning and other required permissions.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV of £267,300, a 75% refinance is estimated at £200,475. This is £9,125 below the £200,000 guide plus the £9,600 buyer premium, before any works, finance, legal or other costs. The strategy therefore does not demonstrate a cash-out refinance on the supplied evidence and would require confirmed condition, costs, valuation and mortgageability.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £1,300 pcm for a three-bedroom property, equivalent to £15,600 annually. Against the £200,000 guide, this indicates a gross yield of 7.80% before finance, management, maintenance, voids, tax and acquisition costs. The buyer premium at the guide is £9,600, taking the purchase price plus that known premium to £209,600 before works or other fees; the yield on a complete project cost cannot be established because refurbishment and other costs are not supplied. Achieved rent is unverified.

Flip Analysis

A base GDV of £267,300 provides a potential resale reference, but refurbishment costs, selling costs and any required finance costs are not supplied. A reliable flip surplus and maximum bid cannot therefore be calculated. The wide range of same-street completed sales also creates valuation uncertainty.

Investor Risks & Due Diligence

• Subject tenure and lease information are not supplied.

• Property condition and refurbishment requirements are unknown, including the boiler and outbuildings.

• The Coach House and other outbuildings may require permissions for intended uses.

• Potential parking is expressly subject to permissions.

• The rent is an advertised asking rent rather than an achieved or passing rent.

• Buyer premium is payable and additional Special Conditions fees may apply.

• Same-street completed sales show a wide range, creating valuation uncertainty.

• The 5% deposit is payable immediately on exchange and is not a project cost allowance.

Recommendation

Conditional long-term BTL/owner-occupier purchase only if survey, legal title, permissions and achievable rent support the guide price. Do not rely on BRRR or flipping without verified works costs and resale evidence.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales and one three-bedroom rental asking price, but the subject's tenure, condition, EPC, council tax, legal status of outbuildings, achieved rent, works costs and additional auction fees are not supplied.