76 Downing Street, South Normanton, Alfreton, Derbyshire DE55 2HF

Description

An investment opportunity to acquire a 3 bedroom semi-detached property with tenants in situ paying in excess of £9,750 per year and offering a handsome return for a BTL landlord investor (£813.74 pcm). The property is located in a very sought after residential location and in brief comprises of a lounge, open plan kitchen/dining room, 3 bedrooms and family bathroom. Close by are a wide range of local amenities, shops and transport links.

Accommodation

Lounge; Open plan Kitchen/Dining Room; Bedroom One; Bedroom Two; Bedroom Three; Bathroom

Location

Very sought after residential location, close to a wide range of local amenities, shops and transport links.

Tenure / Property Information

Investment Analysis

The supplied completed sales on the same street range from £97,500 in 2021 to £155,000 in 2026, with £130,000 achieved in 2025. A provisional base GDV of £130,000 is reasonable from the evidence, with £97,500 as a low scenario and £155,000 as a high scenario. The wide range, unknown condition and lack of tenure/EPC details mean this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Investigate as a hold-oriented BTL purchase, subject to satisfactory tenancy, condition, legal and compliance checks. Do not bid on a BRRR or flip basis until works and full transaction costs are evidenced.

Works Required

No specific works are evidenced. Obtain a full inspection and verify any repairs, compliance works or maintenance requirements before bidding; no refurbishment allowance can be reliably quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £130,000 base GDV, 75% refinancing would be approximately £97,500. At the £89,500 guide, the buyer premium is subject to the stated £6,000 minimum, giving known purchase plus minimum premium of £95,500 before any other costs or works. Because no refurbishment requirement or project budget is supplied, cash left in and BRRR returns cannot be reliably calculated.

Buy-to-Let Analysis

At the guide price, the stated £813.74 pcm rent produces approximately £9,764.88 per year and a headline gross yield of 10.91% before costs. The rent is supplied as advertised rental evidence, while the property description says tenants are paying in excess of £9,750 per year. Confirm the tenancy, rent schedule, payment history, deposit protection and landlord compliance before relying on the income. Total-cost yield cannot be established because condition, works and additional fees are unknown.

Flip Analysis

The evidence supports a provisional GDV range of £97,500 to £155,000, with a £130,000 base case. However, no refurbishment budget, selling allowance, finance cost or other project costs are supplied, so a reliable flip surplus cannot be calculated. The comparable range also indicates material valuation uncertainty.

Investor Risks & Due Diligence

• Tenants are in situ, but no tenancy agreement, rent schedule, payment history or deposit information is supplied.

• Property condition and any required works are unknown, so refurbishment and total project cost cannot be quantified.

• EPC, council tax, heating and other compliance information is not supplied.

• The same-street completed comparables vary materially from £97,500 to £155,000 and may differ in condition or specification.

• The buyer premium is subject to a £6,000 minimum, and additional special-condition fees may apply.

• Tenure and lease information for the subject property are blank.

Recommendation

Investigate as a hold-oriented BTL purchase, subject to satisfactory tenancy, condition, legal and compliance checks. Do not bid on a BRRR or flip basis until works and full transaction costs are evidenced.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and stated tenant rent, but the evidence omits tenure, condition, EPC, tenancy documentation, works, finance costs and possible special-condition fees.