111 Seymour Street, Chorley, PR6 0SR

Description

An End of Terrace House requiring modernisation with accommodation arranged on Two Floors.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three). Ground Floor: Entrance Porch, Living Room, Dining Room, Kitchen, Bathroom/WC. Yard at Rear.

Location

Situated on Seymour Street, close to the amenities available in Chorley Town Centre and travelling facilities including Chorley Train Station. Astley Park is also nearby.

Tenure / Property Information

Investment Analysis

Completed sales on the same street range from £75,000 to £105,000. The most recent evidence is £105,000 for No. 99 in July 2026 and £80,000 for No. 117 in December 2025. A base GDV of £95,000 is a cautious estimate within the supported range, subject to the property's modernisation requirement and exact condition.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally: obtain a detailed survey, lease and special-conditions review, and fixed refurbishment quotations. At the guide, BTL or BRRR may be attractive on gross figures, but the unknown works cost prevents a reliable maximum bid. Avoid bidding above a separately costed project limit.

Works Required

Modernisation is required, but the evidence does not specify the individual defects or scope. Obtain a full inspection and contractor quotations before bidding; no reliable works allowance can be calculated from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR exists because the guide is materially below the supported £80,000–£105,000 local sales range. However, the modernisation cost is unspecified, so total project cost, equity requirement and post-refinance cash left in cannot be calculated reliably. The indicative 75% refinance of the £95,000 base GDV is £71,250, before lender and transaction considerations.

Buy-to-Let Analysis

The closest supplied rental evidence is a 3-bedroom mid-terrace at £1,000 pcm, implying £12,000 annual asking rent and a 30% gross yield against the £40,000 guide. Other evidence reaches £1,350 pcm but relates to a detached house or a broader listing and is less directly comparable. Net yield cannot be established because works, finance, insurance, maintenance, management and leasehold costs are unknown.

Flip Analysis

The supported base GDV is £95,000, with a low-to-high evidence range of £80,000–£105,000. A flip surplus cannot be calculated because the modernisation budget, seller's additional fees and selling costs are not supplied. The apparent gross value gap should not be treated as profit.

Investor Risks & Due Diligence

• The property requires modernisation, but no detailed condition report or refurbishment cost is supplied.

• Rental figures are advertised asking rents rather than achieved rents; the £1,350 pcm evidence is not directly comparable to this terraced house.

• Seller's additional completion fees may apply and are not quantified.

• Leasehold ground rent, service charges and other lease obligations are not supplied.

• The EPC is rated E.

• The supplied lease information states approximately 858 years unexpired in one place and 857 years unexpired elsewhere.

Recommendation

Proceed only conditionally: obtain a detailed survey, lease and special-conditions review, and fixed refurbishment quotations. At the guide, BTL or BRRR may be attractive on gross figures, but the unknown works cost prevents a reliable maximum bid. Avoid bidding above a separately costed project limit.

Strategy Rating

Analysis Confidence

Same-street completed sales and some rental asking evidence are available, but the property's condition scope, refurbishment cost, leasehold charges, selling costs and any seller's additional fees are not provided.