101 Duddle Lane, Walton-Le-Dale, Preston, Lancashire PR5 4TB

Description

Three Bedroom Detached Property On Generous Plot. The property comprises of hallway, lounge, kitchen/diner, three bedrooms, wc, shower room and utility. Externally there is off street parking, garage and generous gardens to the front, side and rear.

Accommodation

Hallway, lounge, kitchen/diner, three bedrooms, wc, shower room and utility.

Location

Located in a desirable residential area, close to schools, shops and well placed for transport links.

Tenure / Property Information

Investment Analysis

Completed detached-house comparables on Duddle Lane range from £210,000 to £275,000. A provisional base GDV of £235,000 is used, with low/high scenarios of £210,000 and £275,000. Differences in size, condition and specification are not evidenced, so this is indicative only.

Investment Snapshot

Strategy Recommendation

Do not establish a bid or strategy until the guide price, legal pack, condition, works budget and suitable house rental evidence are available.

Works Required

No specific defects or required works are evidenced. Obtain a survey and inspect the kitchen, bathrooms, utility, garage, gardens, services and general condition before estimating works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A provisional 75% refinance against the £235,000 base GDV would be £176,250. Cash left in cannot be calculated because the purchase price, works and total acquisition costs are unavailable.

Buy-to-Let Analysis

BTL yield cannot be established. The only rental evidence is a £775 pcm advertised asking rent for flats, which is not directly applicable to this three-bedroom detached house. Purchase price, works and relevant acquisition costs are also unavailable.

Flip Analysis

The evidence supports a provisional resale-value range of £210,000 to £275,000, with a £235,000 base GDV. Flip surplus cannot be calculated because the guide, purchase price, works, buyer costs and selling allowance are unavailable.

Investor Risks & Due Diligence

• Guide price is not supplied.

• Property condition and required refurbishment are not evidenced.

• No directly comparable rental evidence is supplied.

• Buyer premium is not supplied; the 2.75% administration charge has a £3,600 minimum.

• Additional disbursements and other legal or transfer costs may be payable.

• Comparable sold prices vary materially from £210,000 to £275,000.

Recommendation

Do not establish a bid or strategy until the guide price, legal pack, condition, works budget and suitable house rental evidence are available.

Strategy Rating

Analysis Confidence

There are several relevant completed same-street comparables, but the guide price, condition, EPC, rent, works and full acquisition costs are unavailable.