10 South Street, Crewkerne, TA18 8DA

Description

A Terrace House requiring modernisation with accommodation arranged on Three Floors comprising: Top Floor – One Room; First Floor – Two Rooms; Ground Floor – Living Room/Kitchen; Bathroom/WC; Yard at Rear.

Accommodation

Top Floor: One Room. First Floor: Two Rooms. Ground Floor: Living Room/Kitchen and Bathroom/WC. Yard at Rear.

Location

Situated on South Street, close to the amenities available in Crewkerne Town Centre and travelling facilities including Crewkerne Train Station.

Tenure / Property Information

Investment Analysis

The supplied sold evidence shows South Street transactions from £138,200 to £257,500, including a terraced sale at £197,000. However, the comparables differ in type, size and likely condition, while this property has no stated bedroom count or floor area and requires modernisation. A reliable GDV or valuation range cannot therefore be established from the evidence supplied. The £908 pcm figure is an advertised asking rent for a two-bedroom property in South Street and is not confirmed as achievable for this property.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming the legal pack, dimensions, bedroom/use potential, building condition, services, EPC implications and a detailed refurbishment budget. Do not rely on the indicative rent or comparable sales to set a bid without further due diligence.

Works Required

Modernisation of the accommodation, including the living room/kitchen, bathroom/WC and rooms across the three floors. The EPC is G, but no specific defects, services condition or upgrade requirements are supplied, so works cannot be costed reliably.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably. The guide and £1,500 buyer premium are known, but refurbishment cost, achievable post-works value, property specification and refinance valuation are unsupported. EPC G and required modernisation may increase capital requirements.

Buy-to-Let Analysis

Using the supplied advertised asking rent of £908 pcm gives £10,896 annual gross rent and 21.79% gross yield against the £50,000 guide only. This is not a confirmed achievable rent for the subject property, which has no stated bedroom count and requires modernisation. Net yield and yield on total cost cannot be established because refurbishment and other project costs are unavailable.

Flip Analysis

A flip surplus cannot be calculated. The relevant terraced comparable sold for £197,000, but its size, condition and specification are not supplied and may differ materially from this three-floor property. Refurbishment, selling and other project costs are also unavailable.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the scope and cost of works are unknown.

• EPC rating G may require investigation of improvement requirements and associated costs.

• No bedroom count or floor area is supplied, limiting comparison with the two-bedroom rental evidence and sold comparables.

• The £908 pcm figure is an advertised asking rent, not an achieved or subject-specific rent.

• Additional seller fees may be payable under the special conditions of sale.

• The sold comparables vary in property type and may not be directly comparable.

Recommendation

Proceed only after confirming the legal pack, dimensions, bedroom/use potential, building condition, services, EPC implications and a detailed refurbishment budget. Do not rely on the indicative rent or comparable sales to set a bid without further due diligence.

Strategy Rating

Analysis Confidence

The address, tenure, vacant possession, guide, buyer premium, general accommodation and limited local sales/rental evidence are supplied, but there is no floor area, bedroom count, detailed condition survey, refurbishment budget, achieved rent, valuation or full project-cost information.