Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom semi-detached house · DE7 5EB
For saleReduced £18k (−15.3%) on 2 OctListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary semi detached home ! Two double bedrooms ! Two receptions ! In need of tasteful refurbishment !
We at Burchell Edwards are delighted to offer to the market this charming semi detached home, that is need of some refurbishment and will offer spacious living close to the town centre.
Description semi detached home ! Two double bedrooms ! Two receptions ! In need of tasteful refurbishment !
We at Burchell Edwards are delighted to offer to the market this charming semi detached home, that is need of some refurbishment and will offer spacious living close to the town centre.
This charming home with a little work will make for the perfect purchase with all buyers looking for a project that will bring this home back to life.
The home is located close to the town centre all major super markets transport and road links as well as some popular schools.
The home comprises of bright lounge, good size dinning room and kitchen to the ground floor with the two double bedrooms and the family bathroom located on the first floor.
To the rear is the private enclosed garden with access to a brick built storage room and to the front is plenty of non permit on street parking.
We feel with what this home has to offer and the fantastic location really makes this a must see so please call Burchell Edwards today to arrange your viewing.
Please note that the aml Fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. Auctioneer's Comments This property is offered through Modern Method of Auction.
Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Front Elevation Set back from the road with side access. Entrance Hall UPVC door to the side elevation and laminate flooring.
Living Room UPVC double glazed window to the front elevation, carpet flooring and radiator.
Dining Room With UPVC double glazed French doors to the rear elevation leading to the garden, laminate flooring and radiator.
Kitchen Fitted with wall and base units with work surfaces over that incorporates a stainless steel sink & drainer with mixer tap, gas hob, electric oven, plumbing for washing machine, space for fridge freezer, tiled flooring and UPVC double glazed window to the side elevation.
Landing Access to bedrooms and loft access. Bedroom One UPVC double glazed window to the front elevation, carpet flooring and radiator.
Bedroom Two UPVC double glazed window to the rear elevation, carpet flooring and radiator.
Bathroom Fitted with corner shower cubicle with electric shower and tiled splashbacks, Jacuzzi bath with mixer tap, low level W.C, pedestal wash hand basin and towel radiator.
Rear Elevation Secure and enclosed rear garden with concrete seated patio area, fenced boundary, brick outhouse and laid to lawn area. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract. 3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Potential buyers are advised to recheck the measurements before committing to any expense. 5.
Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6.
Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 4, Andrew Avenue, Ilkeston
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