76 Main Street, Albert Village, Swadlincote, Derbyshire DE11 8EN

Description

A traditional two double bedroom terrace house located on Main Street in the popular village of Albert Village. The property would benefit from some modernisation and in brief has to offer: Lounge, separate dining room, kitchen and downstairs shower room. To the first floor there are two double bedrooms. Outside, the property has gardens to both front and rear with two brick built sheds to the rear. The property has double glazing and gas central heating.

Accommodation

Lounge: 3.99m x 3.04m. Dining room: 4.0m x 3.62m. Kitchen: 2.82m x 3.81m maximum measurements. Shower room: 2.12m x 2.15m. Bedroom: 4.05m x 3.05m measured wall to wall and not including the fitted wardrobes. Bedroom: 3.61m x 3.30m measured wall to wall and not including the fitted wardrobes.

Location

Albert Village is conveniently positioned for access to both countryside and local amenities. Albert Village Lake is nearby and provides an attractive setting for walking and enjoying the outdoors. Swadlincote town centre is also easily accessible, offering a wider selection of shops, supermarkets, leisure facilities and services.

Tenure / Property Information

Investment Analysis

The closest supplied evidence is on Main Street: 34 Main Street sold for £65,000 and £70,000, while 44 Main Street sold for £82,000. Higher sales of £117,500 and £183,000 are also recorded, but no size, condition or specification is supplied to establish their comparability. A cautious HB scenario range is therefore £70,000–£117,500, with a base GDV of £82,000 based on the closest higher comparable. This is an estimate, not a formal valuation, and the £85,000 guide is above the £65,000–£82,000 range of the most directly comparable supplied sales.

Investment Snapshot

Strategy Recommendation

Consider only as a conditional BTL purchase at a materially lower price, subject to survey, rental validation and review of the Special Conditions. The guide price does not support a clear BRRR or flip case on the available evidence.

Works Required

The property is described as requiring some modernisation. Allow for inspection-led updating of internal finishes and review or modernisation of the kitchen and downstairs shower room. No specific defects or refurbishment costs are evidenced, so a works budget cannot be reliably quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV estimate of £82,000, 75% refinancing would be approximately £61,500. This is below the £85,000 guide before adding the minimum £1,500 buyer premium and any modernisation costs. BRRR viability is therefore not demonstrated at the guide price; a lower acquisition price and confirmed works budget would be required.

Buy-to-Let Analysis

The supplied advertised asking rent is £900 pcm, equivalent to £10,800 annually. At the £85,000 guide this indicates a headline gross yield of 12.71%, before the £1,500 minimum buyer premium, works, finance, maintenance, voids, tax and other costs. The rent is an asking rent rather than an achieved rent, so net yield and sustainable rent cannot be confirmed.

Flip Analysis

The base GDV estimate of £82,000 is below the £85,000 guide before the minimum buyer premium, refurbishment and resale costs. The supplied evidence does not support a positive flip surplus, and no selling allowance or refurbishment budget is available for a reliable calculation.

Investor Risks & Due Diligence

• The property is described as requiring some modernisation, but no inspection findings or works budget are supplied.

• The £900 pcm figure is an advertised asking rent, not an achieved or passing rent.

• The guide price exceeds the most directly comparable supplied sales of £65,000–£82,000.

• The supplied comparable prices vary substantially and their condition, size and specification are unknown.

• Tenure, occupancy, lease information, EPC, council tax and parking details are not supplied.

• The minimum buyer premium is £1,500, with possible additional fees under the Special Conditions of Sale.

• A 10% deposit is required, subject to a £5,000 minimum, creating an upfront funding requirement.

Recommendation

Consider only as a conditional BTL purchase at a materially lower price, subject to survey, rental validation and review of the Special Conditions. The guide price does not support a clear BRRR or flip case on the available evidence.

Strategy Rating

Analysis Confidence

There are several nearby sold comparables and one advertised rent, but comparable condition, property size details, tenure, occupancy, EPC, council tax, parking, works costs and Special Conditions are not supplied.