46, Station Street, Ashbourne, Derbyshire, DE6 1DF

Description

Traditional brick terraced villa arranged over three floors, with three bedrooms including an ensuite to the master, dining kitchen, lounge, playroom, family bathroom, useful storerooms and rear garden with outside WC. The property retains some original features and offers the incoming purchaser scope to modernise. The property has use of a residents parking space set to the rear of the Sainsbury’s car park with numberplate recognition and an additional parking permit. The property is not registered at the Land Registry, according to the auctioneer.

Accommodation

Lower Ground Floor: Kitchen/diner, playroom, storeroom. Ground Floor: Entrance hall, lounge, master bedroom with ensuite, utility room. First Floor: Landing, two bedrooms, family bathroom, storeroom. External: Fore garden, passageway entry to rear garden, outside W.C., use of residents parking.

Location

In the centre of Ashbourne, a historic market town known as the gateway to the Peak District National Park. Ashbourne has local and national retailers, schooling, medical facilities, a swimming pool, restaurants and countryside walks.

Tenure / Property Information

Investment Analysis

The closest evidence is 58 Station Street, a freehold terraced property, which sold for £169,000 in June 2024 and £125,300 in October 2022. Other Station Street terraced sales range from £121,000 to £142,500 between 2019 and 2022. Allowing for the subject property's stated scope to modernise and the absence of a detailed condition report, an indicative GDV range of £140,000–£169,000 is supported, with £155,000 used as the base estimate. This is an estimate rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after legal review, inspection and a properly priced modernisation schedule. The opportunity is potentially suited to a refurbishment-led owner-occupier or resale strategy, but the absent works, rent and fee information prevents a reliable investment bid calculation.

Works Required

Modernisation should be assessed following a full inspection. The description confirms scope to modernise, while the EPC F rating indicates that energy-efficiency improvements may be required. No quantified works schedule, specification or cost evidence is supplied, so refurbishment costs cannot be estimated reliably.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base estimated GDV, a 75% refinance would be approximately £116,250. Total project cost cannot be calculated because refurbishment costs, any applicable seller fees and other acquisition costs are not fully evidenced. Consequently, cash left in and BRRR viability cannot be established.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is provided. Rent and gross yield therefore cannot be established. The known £1,800 inclusive-of-VAT contract documentation fee would also need to be included alongside the purchase price, refurbishment and any applicable seller charges.

Flip Analysis

The comparable evidence supports an indicative base GDV of £155,000, with a £140,000–£169,000 range. A flip surplus cannot be calculated because refurbishment costs and a supported resale/selling allowance are unavailable. The £1,800 buyer documentation fee and any applicable seller charges would reduce returns.

Investor Risks & Due Diligence

• The auctioneer states that the property is not registered at the Land Registry, requiring specialist legal investigation.

• EPC rating F may indicate material energy-efficiency improvement requirements, but no works schedule or cost is supplied.

• The property is described as requiring modernisation, with the extent and cost of works unverified.

• No sufficiently specific rental evidence is available, so BTL income and yield cannot be assessed.

• The £1,800 buyer contract documentation fee is payable, and additional seller fees may apply under the Special Conditions of Sale.

• Parking arrangements and heating details require confirmation from the auction centre.

Recommendation

Proceed only after legal review, inspection and a properly priced modernisation schedule. The opportunity is potentially suited to a refurbishment-led owner-occupier or resale strategy, but the absent works, rent and fee information prevents a reliable investment bid calculation.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence and a clear description, but no detailed condition report, refurbishment budget, rental evidence, full fee schedule or confirmed heating information. The property is also stated not to be registered at the Land Registry.