44 Sherwood Street Hucknall, Nottingham, Nottinghamshire, NG15 7SE

Description

The property is located on Sherwood Street, there parking available to the rear and on-street parking to the front of the property. The property is located on the ground floor, to the left of the entrance into the block. There is a small reception hallway as you head into the apartment. The kitchen is to the left, with the three-piece bathroom suite adjacent on the right. The main bedroom can be found at the far end of the hallway. The living room is opposite the second bedroom along the hall. Shopping amenities can be found locally within Hucknall Town Centre and Nottingham City Centre to the south. Public transport links are available at Hucknall Train Station to the north and Butler’s Hill Tram Stop to the south east along with a network of local bus services serving the surrounding areas. The property is served by road links including the M1. EPC Rating: C Council Tax Band: A Lease: Held on a lease for a term of 150 years from 01/05/2004.

Accommodation

A full room schedule was not reliably extracted from the supplied scrape. Confirm accommodation and floor areas from the auctioneer particulars and inspection.

Location

Located in Nottingham, Nottinghamshire. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

Rental & Market Context

HB screening rent is approximately £450–£550 pcm (£5,400–£6,600 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £57,000–£66,000 against purchase + works of approximately £75,000–£82,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-6,000–£13,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

Recommendation

Initial recommendation: Buy-to-Let. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆