10 Prickwillow Road, Queen Adelaide, Ely CB7 4SH

Description

A detached three bedroom bungalow set in 0.20 of an acre (stms) in need of renovation This three bedroom detached bungalow is set on a plot of 0.20 of an acre (stms). The property offers good sized accommodation with a lounge, kitchen, three bedrooms, w.c. bathroom and a double garage with parking. Ideal project for a builder developer. Queen Adelaide is located east of Ely with its variety of shops and main line rail link into Cambridge and London Kings Cross. What 3 Words Location - ///unicorns.mainly.graver

Location

10 Prickwillow Road, Queen Adelaide, Ely CB7 4SH. Located in the CB7 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆