12 Footway Croft, Leominster, Herefordshire

Description

Vacant freehold end of terrace house by order of a Housing Association. The property is of non-traditional steel frame construction; further information is available in the legal pack. The Vendor will not accept offers prior to auction.

Accommodation

Ground floor: reception room, kitchen/diner and WC. First floor: three bedrooms and bathroom. Rear garden. GIA approximately 79.06 sq m (851 sq ft).

Location

The property is on the eastern side of Footway Croft. The shops of Leominster town centre are to the east. Leominster rail station is approximately 1.8 miles to the east. The A44 is to the south and Queenswood Arboretum is to the south.

Tenure / Property Information

Investment Analysis

The £65,000+ guide is the only current pricing evidence. The supplied completed sales are from 1998–2004, are not sufficiently current for a reliable present-day GDV, and provide no evidence on condition or construction comparability. The non-traditional steel frame construction creates material valuation, mortgageability and resale uncertainty; further legal-pack information is essential. No sufficiently specific rental evidence is available.

Investment Snapshot

Strategy Recommendation

Do not set a bid or pursue a strategy from the supplied evidence alone. Review the legal pack and obtain construction, valuation, condition and lending advice before bidding.

Works Required

No specific works are evidenced. Obtain and review the legal-pack construction information and arrange an appropriate inspection before considering any repair or refurbishment allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a reliable GDV, verified refurbishment scope and cost, rent evidence, or confirmation of refinance availability for the non-traditional steel frame construction.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, EPC, operating costs or finance costs are supplied. Construction type may also affect lending and tenant-marketability, subject to professional and lender assessment.

Flip Analysis

A flip appraisal cannot be supported. Current GDV evidence is absent, the supplied comparables are historic, no refurbishment costs are provided, and no selling-cost allowance is supplied. Resale and mortgageability may be affected by the construction type.

Investor Risks & Due Diligence

• Non-traditional steel frame construction may affect valuation, mortgageability, insurance and resale.

• Further construction information is only available in the legal pack and has not been supplied.

• No current comparable sales support a reliable GDV.

• No sufficiently specific rental evidence supports BTL yield calculations.

• Additional seller or third-party charges may apply under the special conditions and addendum.

• The property is vacant and no condition, heating, parking, EPC or council-tax information is supplied.

Recommendation

Do not set a bid or pursue a strategy from the supplied evidence alone. Review the legal pack and obtain construction, valuation, condition and lending advice before bidding.

Strategy Rating

Analysis Confidence

The guide price and basic property description are supplied, but current comparable sales, rental evidence, condition details, construction documentation, fees and cost allowances are missing.