4 Bembridge Drive, Alvaston, Derby, Derbyshire, DE24 0UF

Description

By Order of a Housing Association. The property is a vacant freehold mid terrace house comprising a reception room, kitchen, WC, three bedrooms, bathroom and garden. GIA (Source: EPC) approximately 88 sq m (947 sq ft).

Accommodation

Ground floor: reception room, kitchen, WC. First floor: three bedrooms, bathroom. Garden.

Location

The property is situated on the west side of Bembridge Drive, to the north of its junction with Shalfleet Drive. Local shops and amenities are available along London Road. Derby rail station is approximately 3 miles to the north west. The A6 is readily available, providing direct access onto the A50. Keldholme Lane Park is nearby.

Tenure / Property Information

Investment Analysis

The £100,000+ guide is the only supplied purchase evidence. No completed-sale comparables, formal valuation or condition information is provided, so GDV and a defensible maximum bid cannot be established. The only rental evidence is one advertised asking rent of £975 pcm, which is not an achieved rent.

Investment Snapshot

Strategy Recommendation

Treat as a potential BTL at the guide only, subject to confirming achievable rent, condition, total acquisition costs and valuation. Do not bid to a calculated maximum without those checks.

Works Required

No specific works are evidenced. A condition survey and inspection are required before allowing for refurbishment, repairs or compliance works.

Rental & Market Context

Potential BRRR Position

BRRR cannot be reliably assessed because there is no supported GDV, refurbishment budget, finance-cost information or fee schedule. The 75% refinance amount and indicative cash left in are therefore unsupported.

Buy-to-Let Analysis

At the supplied advertised asking rent of £975 pcm, annual gross rent is £11,700 and the gross yield on the £100,000 guide is 11.7%. This is before finance, maintenance, voids, management, insurance, tax and any buyer or seller charges. The rent is advertised rather than achieved, and total-cost yield cannot be calculated without works and fee evidence.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale comparables, GDV or refurbishment allowance is supplied. Additional seller or third-party charges may also apply but are not quantified.

Investor Risks & Due Diligence

• No completed-sale comparables or formal GDV evidence.

• Property condition and required works are unknown.

• £975 pcm is an advertised asking rent, not an achieved or passing rent.

• Buyer, administration and other potential charges are not quantified.

• No supported refurbishment, finance or resale-cost allowance is available.

• Vacant possession means no existing passing tenancy or rent is evidenced.

Recommendation

Treat as a potential BTL at the guide only, subject to confirming achievable rent, condition, total acquisition costs and valuation. Do not bid to a calculated maximum without those checks.

Strategy Rating

Analysis Confidence

Basic property, tenure, occupancy, guide and one advertised rent are provided, but there are no sales comparables, condition details, refurbishment costs, buyer fees, council tax, parking, heating or formal valuation evidence.