55 The Square, Danesmoor, Chesterfield, Derbyshire S45 9BZ

Description

Auctioneer: Freehold two-bedroom end-terrace house requiring repair and improvement. Gas central heating and uPVC double glazing are noted. The auctioneer indicates potential rent of £750-£850 pcm (£9,000-£10,200 pa) once complete. EPC D.

Accommodation

Ground floor: lounge and kitchen. First floor: two bedrooms and bathroom. Rear garden.

Location

Danesmoor/Clay Cross is south of Chesterfield with access to the A61 and local amenities. The low guide and two-bedroom format may suit a BRRR or refurbishment-to-let strategy, but the visible condition means works need to be costed before relying on the headline rental yield.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: BRRR / Buy-to-Let. The guide price should be treated as the starting point only. A maximum bid should be based on verified legal-pack liabilities, property condition, finance terms and local market evidence rather than the guide alone.

Works Required

• Repair ceilings/walls and investigate damp or water ingress

• Kitchen refurbishment

• Bedroom and living-space decoration/flooring

• Test heating, electrics and plumbing

• External/garden clearance and repairs

• Full landlord compliance before letting

Rental & Market Context

HB indicative market rent is £750–£850 pcm (£9,000–£10,200 pa). This is an HB estimate, not an auctioneer-quoted rent unless specifically stated in the Description section. Local letting-agent evidence should be checked before bidding.

Sold within approximately 5 miles

Reliable recent sold-comparable evidence has not been inserted without property-level verification. Land Registry and closely matched local comparables should be checked for type, condition, tenure and accommodation before setting a maximum bid.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is approximately £71,250–£90,000. Actual refinance depends on lender valuation, rental stress testing, condition, property type, borrower circumstances and seasoning requirements.

Flip Analysis

Indicative gross spread before transaction/finance costs is approximately £25,000–£65,000. This is not profit and excludes SDLT, buyer/admin fees, legal fees, finance, holding costs, professional fees, selling costs, contingency and tax.

Investor Risks & Due Diligence

• Condition may conceal additional structural or damp works

• Obtain contractor quotations before auction

• Verify achievable rent at £750-£850 pcm

• Check title, special conditions and auction fees

• Confirm refinance value with local comparables

Recommendation

Initial recommendation: BRRR / Buy-to-Let. The opportunity is strongest where the source facts can be verified and the total project cost remains comfortably below a conservatively evidenced end value. Do not bid solely on the headline yield or guide price.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆