Heanor BMV Opportunity

This below market value property in the sought-after town of Heanor, Derbyshire, offers an excellent value-add opportunity for experienced investors. Requiring a full refurbishment, the property has an estimated GDV of £145,000, with comparable modernised homes achieving up to £180,000. Well located for Derby, Nottingham, Mansfield and the M1, Heanor continues to see strong demand from both buyers and tenants. With a projected profit of over £21,000 and an estimated 29% ROCE, this is a straightforward refurbishment project with strong upside potential.

Key Investment Figures
Purchase Price: £70,000
Comparable Sales: £145,000–£180,000
Estimated GDV: £145,000
Refurbishment Cost: £35,000
Purchase Costs: £30,000
Investment Required: £74,380
Projected Profit on Sale: £21,620
ROCE: 29%
Strategy: Full refurbishment and resale (flip)

This is an ideal opportunity for investors seeking a below market value acquisition with significant upside, supported by strong comparable values and a location that continues to attract buyers looking for modern, move-in-ready homes.