7, Barrie Drive, DERBY, Derbyshire, DE24 9HH

Description

Located in the older part of Sinfin, this mid-terrace property requires a full scope of repair and modernisation. Agents note: no internal inspection has taken place. The property is not suitable for internal viewing due to the internal condition and suspected presence of asbestos and exposed wiring.

Accommodation

Ground Floor: Believed to be hall, lounge, kitchen, bathroom, w.c. First Floor: Believed to be landing, three bedrooms. External: Rear garden.

Location

Cul-de-sac location in Sinfin. Sinfin is situated on the edge of Derby and is well serviced by local bus routes and amenities including shopping and a supermarket, schooling, places of worship and commercial enterprise parks. Nearby commuter routes provide access to Royal Derby Hospital, the A50, A38, M1 and East Midlands Airport.

Tenure / Property Information

Investment Analysis

Recent same-street completed sales provide a range of £138,000 in September 2022 to £160,000 in April 2026. The £160,000 sale is the strongest current evidence, although the subject property has materially higher uncertainty because no internal inspection was possible and full repair and modernisation are required. A base GDV of £160,000 is used, with £138,000 as a conservative evidence-supported scenario. No higher scenario is supported by the supplied evidence.

Investment Snapshot

Strategy Recommendation

Conditional refurbishment-led purchase only after reviewing the legal pack, arranging the earliest permitted specialist inspection and obtaining asbestos, electrical and full refurbishment quotations. Do not bid solely on the apparent GDV or guide-price yield.

Works Required

Full scope of repair and modernisation, subject to a lawful and safe internal inspection. The supplied description specifically identifies suspected asbestos and exposed wiring; these require specialist assessment and appropriate remedial work. No further defects or cost allowances are assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £50,000 guide, the property has apparent refinance headroom against a 75% loan-to-value refinance on the £160,000 base GDV, producing an indicative £120,000 refinance figure. However, total acquisition and refurbishment cost cannot be calculated because the property was not internally inspected and no works budget is supplied. Asbestos, exposed wiring and the absence of an EPC create significant execution and financeability uncertainty.

Buy-to-Let Analysis

Advertised three-bedroom rental evidence ranges from £850 to £895 pcm, equivalent to £10,200–£10,740 annually. Against the £50,000 guide, this indicates a gross yield of approximately 20.40%–21.48%. A yield on total project cost cannot be established because refurbishment costs and any additional seller charges are unknown. Advertised rents are asking rents, not achieved rents.

Flip Analysis

The supplied evidence supports a base resale value of £160,000, with £138,000 as a lower scenario. A flip surplus cannot be calculated because no refurbishment allowance, resale costs or complete project-cost figure is supported. The apparent spread from the £50,000 guide must not be treated as profit until the condition and works cost are verified.

Investor Risks & Due Diligence

• No internal inspection has taken place and the property is stated to be unsuitable for internal viewing.

• Suspected asbestos and exposed wiring require specialist investigation and may materially affect programme and cost.

• The property requires a full scope of repair and modernisation, but no works budget is supplied.

• No EPC will be provided due to health and safety concerns.

• Advertised rents are asking rents and may not represent achieved or sustainable rent.

• The seller may charge additional fees payable on completion, but the amount is not supplied.

• Parking and heating information is not confirmed.

Recommendation

Conditional refurbishment-led purchase only after reviewing the legal pack, arranging the earliest permitted specialist inspection and obtaining asbestos, electrical and full refurbishment quotations. Do not bid solely on the apparent GDV or guide-price yield.

Strategy Rating

Analysis Confidence

There is useful same-street sales and rental evidence, but no internal inspection, no EPC, no refurbishment costs, no passing rent and incomplete fee information prevent a reliable total-cost, maximum-bid or profit calculation.