104 Victoria Avenue, Swanage, Dorset, BH19 1AS

Description

Situated on the outskirts of Swanage, around three quarters of a mile from the town centre and beach, this chalet bungalow would benefit from some updating and refurbishment. The property shares a courtyard with a car repair and servicing garage, which used to belong to the current owner but is now closed. Once renovated, the property is considered ideal for retention as an income producing investment or for resale into the local marketplace.

Accommodation

Ground Floor: Entrance hall, kitchen/breakfast room, living room. First Floor: Three bedrooms, bathroom with separate cloakroom with W.C. Outside: Garage, rear courtyard garden.

Location

Situated on the outskirts of Swanage, around three quarters of a mile from the town centre and beach.

Tenure / Property Information

Investment Analysis

The only supplied recent completed sale is 114 Victoria Avenue at £397,500 in September 2019. It is a detached freehold comparable on the same road, but its size, condition and specification are not provided and the sale is dated. The £175,000 sale of 102 Victoria Avenue dates from 2000 and is not reliable for current valuation. A supported current GDV range cannot therefore be established. The guide of £125,000–£135,000 should not be treated as evidence of value or project viability without a current valuation and survey.

Investment Snapshot

Strategy Recommendation

Proceed only to due diligence rather than relying on the guide. Obtain a current valuation, full survey, refurbishment quotations, rental appraisal and complete auction fee schedule before considering a resale or BTL purchase.

Works Required

The auction description supports general updating and refurbishment only. Obtain a full survey and contractor quotations before bidding; the evidence does not support specifying particular defects or a works budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the supplied evidence. The property is vacant and requires updating/refurbishment, but there is no quantified works allowance, supported current GDV, rent or refinance valuation. The 2019 comparable is insufficient on its own to establish refinance value.

Buy-to-Let Analysis

The property is described as suitable for retention as an income-producing investment, but no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rental income and yield cannot be established. Any BTL assessment also requires refurbishment costing, finance costs and confirmation of the effect of the shared courtyard setting.

Flip Analysis

The property is described as suitable for resale after renovation, but a flip surplus cannot be calculated. The only relatively recent comparable is a 2019 sale at £397,500 with unknown size and condition, while buyer, administration and other non-optional fees are unspecified. Current resale value and refurbishment costs require independent evidence.

Investor Risks & Due Diligence

• Current GDV cannot be established from the supplied comparable evidence.

• The property requires updating and refurbishment, but the scope and cost are unknown.

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

• The property shares a courtyard with a former car repair and servicing garage, creating an amenity and setting consideration.

• EPC rating is E.

• Buyer premium, administration charges and other non-optional fees are unspecified.

• Vacant possession means there is no existing passing rent to validate investment income.

Recommendation

Proceed only to due diligence rather than relying on the guide. Obtain a current valuation, full survey, refurbishment quotations, rental appraisal and complete auction fee schedule before considering a resale or BTL purchase.

Strategy Rating

Analysis Confidence

Evidence includes one dated same-road comparable, but lacks current comparable sales, property measurements, condition detail, refurbishment costs, rental evidence and quantified buyer or administration fees.