1 Benson Court, Louth, Utterby, Lincolnshire, LN11 0UA

Description

A Vacant Two Room End of Terrace Bungalow in Need of Refurbishment. The property comprises a two room end of terrace bungalow.

Accommodation

Ground Floor: Two Rooms, Kitchen, Bathroom. Exterior: The property benefits from a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. Numerous green open spaces are within easy reach. Transport links are provided by the A16 and the A18.

Tenure / Property Information

Investment Analysis

No completed sales, rental comparables or GDV evidence were supplied. Market value, refurbishment cost and resale potential cannot be reliably estimated. The £10,000+ guide is subject to the stated £1,800 administration charge and other possible legal/disbursement costs.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Obtain inspection, legal-pack review, refurbishment quotations and local sales/rental evidence before considering purchase.

Works Required

Refurbishment of the two-room bungalow, kitchen and bathroom, with the extent of works to be established by inspection and the legal pack. No specific defects are evidenced.

Rental & Market Context

Potential BRRR Position

A BRRR appraisal cannot be completed without a supported GDV, refurbishment budget, rent and finance assumptions. The vacant freehold status is known, but the property is described as requiring refurbishment.

Buy-to-Let Analysis

BTL appraisal is not supported because no sufficiently specific rental evidence or auctioneer rent estimate was supplied. Condition and total project cost are also unknown.

Flip Analysis

A flip appraisal cannot be completed because there are no completed sales, GDV estimate, refurbishment cost or supported selling allowance.

Investor Risks & Due Diligence

• Unknown refurbishment scope and cost

• No supported rental evidence

• No completed sales or GDV evidence

• Additional legal, search, transfer and seller-cost disbursements may apply

• Vacant property may require further inspection before bidding

Recommendation

Do not bid on current evidence alone. Obtain inspection, legal-pack review, refurbishment quotations and local sales/rental evidence before considering purchase.

Strategy Rating

Analysis Confidence

Only basic property description, guide price and administration charge were supplied; there are no comparables, rent, condition detail, EPC, GDV or refurbishment costs.