49 Luccombe Drive Alvaston, Derby, Derbyshire, DE24 0XD

Description

Register - auctionhouse.co.uk/nottsandderby FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 7TH SEPTEMBER AT 1PM AND CLOSES TUESDAY 8TH SEPTEMBER FROM 1PM. REGISTER TO BID Auction House Notts & Derby would like to present this mid terrace property with a mezzanine bedroom, located in Alvaston and offered to the market via online auction. open house viewing (no need to book ) Monday 17th August 11:30am - 12:00pm Comprising of an entrance hallway with the downstairs family bathroom to the front, an open plan kitchen and living space with sliding door access out to the garden. Stairs lead from living room to a double mezzanine bedroom. To the front of the property is a driveway and to the rear is a garden. Luccombe Drive is ideally located for easy access to the A6 and the A52 and is close to local public transport routes, local parks and has a local shop nearby. Early viewings are highly recommended. Viewings by Request EPC Rating E Freehold Council Tax Band A Tenure: Freehold EPC Rating: E

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 Derby, Derbyshire. 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

• Commercial compliance and fit-out/re-letting review

Rental & Market Context

HB screening rent is approximately £400–£500 pcm (£4,800–£6,000 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 £52,500–£60,750 against purchase + works of approximately £75,000–£90,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-20,000–£6,000 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

• Review commercial lease/covenant, use class and rates/VAT position

Recommendation

Initial recommendation: Commercial Re-Let / Investment. 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

• Income Investment: ★★★★☆

• Value-Add / Re-Let: ★★★★☆

• Residential BRRR: ★★☆☆☆