51 Church Street, Riddings, Alfreton, Derbyshire

Description

Vacant freehold end of terrace house by order of a Housing Association. GIA approximately 75 sq m (807 sq ft), sourced from the EPC.

Accommodation

Ground floor: reception room, kitchen. First floor: two bedrooms, bathroom. Rear garden.

Location

The property is situated on the south west side of Church Street. Local shops and amenities are available along Greenhill Lane. Hammersmith Railway Station is approximately 3.3 miles to the south west. The M1 motorway is to the east. Midland Railway Centre Country Park is nearby.

Tenure / Property Information

Investment Analysis

The supplied completed sales provide limited market evidence. The closest same-street sale is 30 Church Street at £143,750 in December 2023; the two more recent Vicarage Mews sales were £167,800 in July 2026 and £208,000 in December 2024. Differences in size, bedroom count, condition and specification are not supplied, so these are indicative only. A cautious evidence-based scenario range is £143,750–£167,800, with a midpoint estimate of £155,775; this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection and confirmation of rental evidence, works requirements and all auction charges. On the current evidence, the opportunity is not sufficiently quantified for a firm BTL, BRRR or flip recommendation.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and confirm the condition of the kitchen, bathroom, services, decoration, windows, roof and external areas before bidding; no works allowance can be supported from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The indicative base GDV is £155,775, implying 75% of GDV of £116,831.25. However, refurbishment cost, buyer or administration charges and finance costs are not supplied, so total project cost, equity requirement and cash left in cannot be calculated. Refinance viability remains unconfirmed.

Buy-to-Let Analysis

A BTL assessment cannot be quantified because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The £85,000 guide price alone does not establish a viable yield, and condition-related costs are unknown.

Flip Analysis

The supplied sales suggest an indicative resale range of £143,750–£167,800, subject to differences in condition, size and specification. A flip surplus cannot be calculated because refurbishment costs, selling costs and applicable purchase charges are not supplied.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence is available, preventing a reliable rental yield assessment.

• Property condition and refurbishment requirements are not supplied.

• Comparable sales vary in date and may differ in size, bedroom count, condition and specification.

• Buyer, administration, seller and third-party charges are not quantified.

• The guide price is not a confirmed purchase price and may be exceeded at auction.

Recommendation

Proceed only after inspection and confirmation of rental evidence, works requirements and all auction charges. On the current evidence, the opportunity is not sufficiently quantified for a firm BTL, BRRR or flip recommendation.

Strategy Rating

Analysis Confidence

There are several completed local sales and a stated guide price, but the comparables lack bedroom, size and condition detail, while rent, condition, works, fees and finance assumptions are unavailable.