86 Grindon Crescent, Nottingham, Nottinghamshire, NG6 8BS

Description

Three bedroom end terrace house offered as a renovation opportunity, with multiple rooms in need of an upgrade. Features include a spacious double driveway, generous plot and outdoor space, and proximity to local amenities. The property is positioned near the heart of Bulwell, with access to Nottingham city centre, the M1, A610 and A611.

Accommodation

Entrance porch, small landing, living room, small dining area, kitchen, two generous bedrooms, smaller box room and bathroom suite. The garden is accessed via a sliding door in the dining area.

Location

Positioned near the heart of Bulwell, a busy town with quick access to Nottingham city centre, the M1, A610 and A611. Close to local amenities.

Tenure / Property Information

Investment Analysis

The five supplied Land Registry sales on Grindon Crescent range from £90,000 to £117,000, with the two most recent sales at £92,000 and £117,000 in 2021–2022. Allowing for the subject's renovation description, while noting its double driveway and generous plot, an evidence-based indicative GDV range is £100,000–£117,000, with a base estimate of £110,000. This is not a formal valuation and the comparables are dated and vary materially in price.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming the renovation scope, contractor pricing, legal charges and achievable local rent. On the supplied evidence, treat this as a cautious refurbishment-led resale or BTL opportunity rather than relying on the headline yield.

Works Required

Upgrade the multiple rooms identified as needing improvement, including the living room, dining area, kitchen, bedrooms and bathroom suite as required. The supplied evidence does not define the work scope, specification or costs.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 guide, the known administration charge gives an acquisition cost of at least £103,600 before refurbishment and other possible auction charges. A 75% refinance of the £110,000 base GDV would be £82,500, but cash required cannot be calculated because refurbishment costs and further charges are unavailable.

Buy-to-Let Analysis

The only rental evidence is an advertised £1,200 pcm for a three-bedroom house in Bilborough, NG8, rather than this NG6 property, and it is not an achieved rent. If achievable here, this implies an indicative 14.4% gross yield on the £100,000 guide price before works, finance, voids and operating costs. A reliable net yield cannot be established.

Flip Analysis

The base GDV estimate is £110,000, but refurbishment costs, acquisition costs beyond the stated £3,600 administration charge and selling costs are not fully available. A supported flip surplus and reliable resale margin therefore cannot be calculated.

Investor Risks & Due Diligence

• Renovation scope and cost are not provided despite the property being described as needing upgrades.

• The £1,200 pcm figure is an advertised asking rent in Bilborough NG8, not an achieved rent for this NG6 property.

• Additional auction charges may include search, seller's legal, transfer and other disbursement costs, but amounts are unknown.

• The supplied sold comparables range from £90,000 to £117,000 and date from 2016 to 2022, creating valuation uncertainty.

• A reliable total project cost, maximum bid and flip surplus cannot be established without works and selling-cost information.

Recommendation

Proceed only after confirming the renovation scope, contractor pricing, legal charges and achievable local rent. On the supplied evidence, treat this as a cautious refurbishment-led resale or BTL opportunity rather than relying on the headline yield.

Strategy Rating

Analysis Confidence

There are several same-street sold comparables and one rental asking figure, but the comparables are dated, the rent is from a different postcode, and no refurbishment budget, full fees or detailed condition report is supplied.