1 Market Square, Cleator Moor, Cumbria

Description

A spacious, 3 storey property in need of modernisation in the centre of Cleator Moor.

Accommodation

Ground floor: Hall; Dining Kitchen - 13'9 x 12'3; Bathroom - 8' x 5'3. First floor: Room 1 - 10'6 x 10'6; Room 2 - 13'9 x 8'. Second floor: Room 1 - 15'9 max x 14'; Room 2 - 12'3 x 10'6 max.

Location

In the centre of Cleator Moor. What3words location: ///simulates.reshaping.advice

Tenure / Property Information

Investment Analysis

The £25,000 guide is not supported by completed-sale comparables or a formal valuation in the supplied evidence. The property is a spacious three-storey, four-bedroom end-of-terrace house requiring modernisation, but its GDV cannot be estimated reliably without comparable sales, condition detail and specification information. The three long leasehold titles run for 999 years from 2021, with total stated ground rent of £500 per annum. Buyer premium and other potential auction costs are not quantified.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, confirm the three-title structure and all auction costs, inspect the property, and establish local comparable sales and achievable rent before considering BTL, BRRR or a flip.

Works Required

Modernisation of the three-storey accommodation, including the dining kitchen, bathroom and general internal finishes. The evidence does not identify specific defects, services issues or required structural works, so no refurbishment budget can be supported.

Rental & Market Context

Potential BRRR Position

BRRR cannot be quantified because there is no supported GDV, refurbishment cost, rental evidence or refinance valuation. The long lease terms are stated, but the property comprises three separate leasehold titles, requiring legal and lending review before relying on a refinance strategy.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and affordability therefore cannot be established. The £500 per annum lease rent should be treated as an additional ownership cost.

Flip Analysis

A flip surplus cannot be calculated because there are no completed-sale comparables, supported GDV, refurbishment allowance or supported selling-cost allowance. Modernisation is required, and buyer premium plus other possible auction and legal costs are not fully quantified.

Investor Risks & Due Diligence

• No completed-sale comparables are supplied, so market value and GDV are unverified.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• The property requires modernisation, but the extent and cost of works are unknown.

• The property comprises three separate leasehold titles, requiring legal and lender review.

• Annual ground rent of £500 is payable under the stated lease arrangements.

• Buyer premium is unspecified and additional search, seller-cost, legal, transfer and disbursement charges may apply.

Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, confirm the three-title structure and all auction costs, inspect the property, and establish local comparable sales and achievable rent before considering BTL, BRRR or a flip.

Strategy Rating

Analysis Confidence

The evidence confirms the accommodation, tenure, lease terms, guide price and need for modernisation, but provides no sales comparables, rental evidence, condition survey, refurbishment budget, GDV or complete purchase-cost schedule.