40 Outram Street, Sutton-In-Ashfield, Nottinghamshire NG17 4FS

Description

A mixed use investment opportunity offered with vacant possession upon completion.

Accommodation

Sales Area: Frontage of 3.90m by a total depth of 7.59m, roller shutter door to front, UPVc part glazed door, UPVc double glazed window, spot lighting to ceiling, part dividing studded wall with glass brick leading to the rear area, ceramic tiled floor, stairs rise to the first floor. Kitchen: UPVc entrance door, plumbing for kitchen and two UPVc double glazed windows. First Floor: Landing with stairs rising to second floor, UPVc double glazed window and double panelled radiator. Front Room One: UPVc double glazed window and over stairs storage area. Bathroom: No suite installed, UPVc double glazed window.

Location

Situated in a convenient location on Outram Street, Sutton-in-Ashfield, with easy access to local amenities including shops, supermarkets, cafés and takeaway outlets. The property is well placed for local schools, public transport links and Sutton-in-Ashfield town centre. The area is a mix of residential and commercial property.

Tenure / Property Information

Investment Analysis

The £145,000+ guide sits between the supplied same-street completed sales of £120,000 and £172,500 for properties described as “Other”. Further same-street sales range from £80,000 to £100,000, but those are recorded as residential property types and are not directly comparable. The subject’s mixed-use nature, incomplete bathroom fit-out and unspecified tenure, services, upper-floor accommodation and legal position prevent a reliable GDV estimate. At the guide, the stated buyer premium would be £5,220, producing £150,220 before works or any other fees.

Investment Snapshot

Strategy Recommendation

Do not bid on the available evidence alone. Obtain and review the legal pack, confirm tenure and permitted use, inspect the property and establish a supported rental and refurbishment appraisal before proceeding.

Works Required

Install a bathroom suite, as no suite is currently installed. Inspect and verify the condition, configuration and services of the sales area, kitchen, first-floor accommodation and upper floors before budgeting further works. Confirm all permitted uses and compliance requirements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten. There is no supported GDV, refurbishment budget, rent, EPC, tenure or refinance valuation evidence. The guide plus buyer premium is £150,220 before works and other costs, but the unknown works and legal position prevent a cash-in and refinance calculation.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, EPC, council tax information or confirmed residential configuration is supplied. The mixed-use use and vacant possession also require legal and practical verification before assessing letting potential.

Flip Analysis

A flip appraisal cannot be reliably calculated. Same-street completed sales provide a broad £80,000–£172,500 range, with the closest “Other” records at £120,000 and £172,500, but they do not establish the subject’s value. Works, selling costs and a dependable post-works GDV are unsupported.

Investor Risks & Due Diligence

• Subject tenure and legal position are not supplied.

• Permitted use and any planning or mixed-use restrictions are unconfirmed.

• No sufficiently specific rental evidence is available.

• The bathroom has no suite installed and the full condition of the property is not evidenced.

• Refurbishment costs, selling costs and any additional auction fees are unknown.

• Supplied comparable sales vary materially in type and price and may not reflect this property.

Recommendation

Do not bid on the available evidence alone. Obtain and review the legal pack, confirm tenure and permitted use, inspect the property and establish a supported rental and refurbishment appraisal before proceeding.

Strategy Rating

Analysis Confidence

Some same-street completed sales and a clear description are available, but there is no rent, EPC, tenure, legal-pack detail, confirmed accommodation schedule, refurbishment budget or reliable directly comparable valuation.