67 High Street, New Whittington, Chesterfield, Derbyshire, S43 2AL

Description

Vacant freehold mid terrace house by order of a Housing Association. GIA (Source: EPC) approximately 72 sq m (775 sq ft).

Accommodation

Ground floor: reception room, kitchen. First floor: two bedrooms, bathroom with WC. Garden.

Location

The property is located on the north side of High Street. There are a range of shops along High Street, with a greater choice within Chesterfield City Centre. Chesterfield Railway Station (EMR Services) is approximately 3.2 miles south. The A61 is easily accessed to the west. Brearley Park is within walking distance.

Tenure / Property Information

Investment Analysis

The five supplied Land Registry comparables are completed sales of freehold terraced houses on High Street, ranging from £77,500 to £110,000 between March 2021 and July 2023. Their bedroom counts and condition are not supplied, so they are not fully like-for-like. On this limited evidence, an indicative GDV range of £85,000–£110,000 is reasonable, with a base estimate of £95,000. The £55,000 guide indicates potential gross value headroom, but refurbishment, purchase costs, selling costs and actual condition are unknown.

Investment Snapshot

Strategy Recommendation

Potential value-add purchase at or near the guide, subject to internal inspection, confirmation of all auction charges and a detailed refurbishment budget. Do not rely on the apparent GDV spread without verifying condition and resale comparability.

Works Required

No specific defects or required works are evidenced. Inspection should establish the condition of the kitchen, bathroom, finishes, services, windows, roof, external areas and garden before budgeting any refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £55,000 guide, the indicative purchase-to-base-GDV gap is substantial, with 75% of the £95,000 base GDV equating to £71,250. However, total project cost cannot be calculated because refurbishment, buyer costs, finance costs and other charges are unknown. Refinance viability therefore remains unproven.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rent, operating costs, finance costs and condition should be verified before relying on rental returns.

Flip Analysis

The supplied sales suggest a possible resale value around £85,000–£110,000, with a £95,000 base case. A reliable flip surplus cannot be calculated because works, acquisition costs, selling costs and actual condition are unsupported. The comparable dates and unknown bedroom/condition details reduce certainty.

Investor Risks & Due Diligence

• Comparable sales have no supplied bedroom or condition details, limiting like-for-like valuation confidence.

• No internal condition, service, structural or compliance information is supplied.

• No rental evidence is available, so BTL returns cannot be established.

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

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

Recommendation

Potential value-add purchase at or near the guide, subject to internal inspection, confirmation of all auction charges and a detailed refurbishment budget. Do not rely on the apparent GDV spread without verifying condition and resale comparability.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence and a stated guide price, but comparable bedroom counts and condition are absent, while rent, refurbishment, buyer costs and selling costs are unsupported.