54 Nelson Street, Heanor

Description

Available is this three bedroom mid terraced house. With accommodation over two floors, the ground floor comprises front living room, inner lobby, dining room with staircase rising to the first floor, kitchen, utility space and WC. The first floor landing provides access to three bedrooms and a bathroom. The property benefits from gas fired central heating from a combination boiler, double glazing and garden space to the rear. The property is positioned within easy reach of the shops, services and amenities in Heanor town centre, as well as nearby transport links including Junction 26 of the M1 motorway and Ilkeston train station.

Accommodation

Ground floor: living room, inner lobby, dining room, kitchen, utility, WC. First floor: landing, three bedrooms and bathroom. Outside: courtyard-style garden and enclosed rear garden mainly laid to lawn.

Location

Within easy reach of the shops, services and amenities in Heanor town centre, Junction 26 of the M1 motorway and Ilkeston train station.

Tenure / Property Information

Investment Analysis

The five supplied same-street completed sales range from £120,000 to £177,500, with a median of £135,000. A base GDV of £135,000 is used as an evidence-based sales benchmark only; the wide range and absence of subject-specific condition, floor-area and tenure evidence create valuation uncertainty.

Investment Snapshot

Strategy Recommendation

Potential value-led resale or refinance opportunity at the guide, subject to confirming condition, tenure, legal matters, total auction costs and achievable rent. Do not bid on the current evidence without a works and exit-cost assessment.

Works Required

No specific defects or required works are evidenced. Allow for inspection and confirmation of the condition of the kitchen, bathroom, decoration, heating system, windows, roof, services and gardens before bidding; no works cost can be estimated from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £39,500 guide, the buyer premium is £6,000 because the 4.8% charge is below the stated minimum. This gives a known guide-plus-minimum-premium cost of £45,500 before works and any other fees. Against the £135,000 base GDV, 75% refinancing equates to £101,250, but total project cost and cash left in cannot be calculated without condition, works, finance and other-fee evidence.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent, gross yield and BTL cash flow cannot be established. The property has three bedrooms and is near Heanor town-centre amenities, but rental demand and achievable rent remain unverified.

Flip Analysis

The same-street sales support a broad £120,000–£177,500 GDV range and a £135,000 base case. A flip surplus cannot be calculated because refurbishment costs, selling costs and any additional auction fees are not supplied.

Investor Risks & Due Diligence

• The subject property's condition is not evidenced, so refurbishment costs are unknown.

• No sufficiently specific rental evidence is available, preventing reliable BTL yield analysis.

• The comparable sale range is wide, from £120,000 to £177,500.

• Tenure, lease and occupancy information are not supplied.

• Additional fees may be listed in the Special Conditions of Sale.

• Buyer premium is subject to a £6,000 minimum, materially above 4.8% of the guide price.

Recommendation

Potential value-led resale or refinance opportunity at the guide, subject to confirming condition, tenure, legal matters, total auction costs and achievable rent. Do not bid on the current evidence without a works and exit-cost assessment.

Strategy Rating

Analysis Confidence

There are five relevant same-street completed sales and clear guide/auction premium terms, but no subject-specific condition, tenure, EPC, rental, works, legal or additional-fee evidence.