Flats 1 & 2, 77 Derby Street, Burton-On-Trent, Staffordshire

Description

A bay-fronted terraced house arranged as two self-contained apartments with their own services and utilities. One is let on an assured tenancy and one on a regulated tenancy. All compliant in regards to gas and electrical checks. Gross income £13,660.

Accommodation

Ground floor apartment: lounge, kitchen, bedroom and bathroom. First-floor apartment: two bedrooms, lounge, kitchen and shower room.

Location

Well placed for a good range of local amenities, train station and town centre.

Tenure / Property Information

Investment Analysis

The £115,000+ guide equates to approximately 8.42 times the stated gross annual rent of £13,660, or an indicative gross yield of 11.88% before acquisition and operating costs. No completed sales comparables, external rental comparables or auctioneer rent estimate are supplied, so a market GDV and supported maximum bid cannot be established. The current income comprises £6,760 per annum from a regulated tenancy and £6,900 per annum from an assured tenancy; these tenancy types may limit future rent and possession flexibility.

Investment Snapshot

Strategy Recommendation

Potential income-led BTL acquisition only after reviewing both tenancy agreements, regulated-tenancy position, rent evidence, legal title, services and all special-condition fees. Do not rely on a flip or BRRR valuation without independent GDV evidence.

Works Required

No specific refurbishment works are evidenced. Gas and electrical checks are stated to be compliant. Verify condition, separate services, tenancy documentation and compliance before bidding; no works allowance has been assumed.

Rental & Market Context

Potential BRRR Position

A BRRR refinance calculation cannot be supported because no completed sales evidence or GDV is supplied. The current income may support a refinance assessment, but lender treatment of the regulated tenancy, assured tenancy and two-apartment configuration must be confirmed. No refurbishment allowance has been evidenced.

Buy-to-Let Analysis

At the guide, the stated gross rent of £13,660 per annum produces an indicative 11.88% gross yield. Including the £6,000 minimum buyer premium, known acquisition cost is approximately £121,000 and the indicative gross yield is 11.29%, before finance, management, maintenance, voids, insurance, tax and other fees. This is based on existing passing rents rather than market-rent evidence. The regulated tenancy and assured tenancy require detailed legal and rent review assessment.

Flip Analysis

A flip analysis cannot be reliably completed because there are no completed comparable sales, supported GDV or refurbishment costs. The property is currently income-producing and occupied, so resale timing and vacant possession would also require tenancy review.

Investor Risks & Due Diligence

• One apartment is subject to a regulated tenancy under the Rent Act 1977, potentially restricting rent and possession flexibility.

• The other apartment is occupied under an assured tenancy; tenancy terms and compliance documentation require review.

• No completed sales comparables or supported GDV are supplied.

• No sufficiently specific external rental comparables are supplied, so market-rent upside cannot be established.

• The £6,000 minimum buyer premium applies at the guide price; additional special-condition fees may also apply.

• Refurbishment, maintenance, finance, management, insurance, tax and other operating costs are not provided.

• The stated gross income is rent before operating costs and is not a net investment return.

Recommendation

Potential income-led BTL acquisition only after reviewing both tenancy agreements, regulated-tenancy position, rent evidence, legal title, services and all special-condition fees. Do not rely on a flip or BRRR valuation without independent GDV evidence.

Strategy Rating

Analysis Confidence

Existing rents, tenancy types, guide price and buyer premium are supplied, but there are no completed sales comparables, external rental comparables, GDV evidence, condition survey, EPC, council tax details or full special-condition costs.