56 Greenland Crescent, Beeston, Nottingham NG9 5LB

Description

Available is this spacious three-bedroom detached property. This property is considered an ideal purchase for a large variety of buyers including first time buyers, young professionals or anyone looking to relocate to this popular and convenient location. Having been a well loved family home for a number of years, this delightful property is offered to the market with the advantage of gas central heating, UPVC double glazing throughout, and is well worthy of an early internal viewing.

Accommodation

Entrance hall; living room; dining room; kitchen; first floor landing; three bedrooms; bathroom. The living room has internal double doors through to the dining room and kitchen. The bathroom incorporates a three-piece suite comprising pedestal wash hand basin, electric power shower, aqua splash wall panelling, heated towel rail, fitted storage cupboard, and UPVC double glazed window to the rear aspect.

Location

Situated on Greenland Crescent in Chilwell, with access to shops, Attenborough Nature Reserve, schools, healthcare facilities, public houses, restaurants, Chilwell retail park and transport links.

Tenure / Property Information

Investment Analysis

The evidence includes two relatively recent same-street detached-house sales: £348,000 in August 2024 and £285,000 in November 2021. Older sales range from £163,000 to £166,000 but are less relevant. A cautious base GDV of £316,500 is used, representing the midpoint of the two more recent comparables. The £199,500 guide is materially below this indication, but the subject property's condition, tenure and legal position are not confirmed. The 4.8% buyer premium would be £9,576 if purchased at guide, subject to the stated minimum, which does not apply at this price.

Investment Snapshot

Strategy Recommendation

Treat primarily as a potential owner-occupier purchase or value-led resale opportunity, subject to viewing, legal-pack review and confirmation that condition supports the comparable-based GDV. Do not rely on a BTL strategy without rental evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, routine redecoration or repairs only if identified during viewing or in the legal pack; no works budget 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

Using the base GDV of £316,500, a theoretical 75% refinance is £237,375. However, total project cost cannot be calculated because refurbishment, legal-pack charges, finance costs and other acquisition costs are not supplied. Cash-left-in and BRRR viability therefore remain unconfirmed.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The purchase price, buyer premium and any works or other acquisition costs would also need to be assessed against achievable rent.

Flip Analysis

The recent same-street comparables indicate potential resale value above the guide, but the subject property's condition is not independently evidenced. A reliable flip surplus cannot be calculated without a supported works budget, full acquisition costs and a selling-cost allowance.

Investor Risks & Due Diligence

• The guide price is not the final purchase price and may rise at auction.

• Subject property condition is described positively but is not independently evidenced and no viewing report is supplied.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• Tenure, occupancy and lease information are not supplied.

• Additional fees may be contained in the Special Conditions of Sale and are not quantified.

• The GDV estimate relies on a small number of comparables with materially different sale dates and prices.

Recommendation

Treat primarily as a potential owner-occupier purchase or value-led resale opportunity, subject to viewing, legal-pack review and confirmation that condition supports the comparable-based GDV. Do not rely on a BTL strategy without rental evidence.

Strategy Rating

Analysis Confidence

There are two useful recent same-street detached-house comparables, but condition, tenure, occupancy, rental value, refurbishment requirements and full auction costs are not supplied.