12 Whites Neuk, Lanark, South Lanarkshire ML11 7EE

Description

One bedroom end terrace bungalow refurb opportunity. Going under the hammer is this superb opportunity to acquire this one-bedroom end terrace bungalow on Whitesneuk, close to the town centre. The property has been affected by water damage and is currently uninhabitable and does not have a home report.

Accommodation

Entrance vestibule, open plan lounge diner with sliding door, compact kitchen, bedroom and bathroom.

Location

Lanark is perfect for those requiring good transport links with it’s local train station and easy access to Glasgow and Edinburgh. Edinburgh City Bypass is only a thirty minute drive away, giving access to East Central Scotland. The M74 is only a ten minute journey giving access to Glasgow and the West of Scotland.

Tenure / Property Information

Investment Analysis

The £25,000 guide is the only price evidence. No completed sales, Home Report, GDV evidence or sufficiently specific rental comparables are supplied, so market value and project viability cannot be reliably established.

Investment Snapshot

Strategy Recommendation

Do not bid until the legal pack, water-damage scope, contractor quotations and local completed-sale evidence have been reviewed. Current evidence is insufficient to set a safe maximum bid.

Works Required

Investigate and remedy the reported water damage, then complete the refurbishment required to return the bungalow to habitable condition. The scope and cost require inspection and contractor quotations.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable without a confirmed refurbishment budget, post-works value, rental evidence and finance assumptions. The minimum stated admin charge at the £25,000 guide is £3,600, excluding any disbursements.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is currently uninhabitable and requires an unknown level of work.

Flip Analysis

A flip assessment is not supportable because there are no completed comparables, GDV evidence, refurbishment quotations or selling-cost allowance. Water damage and the absence of a Home Report increase uncertainty.

Investor Risks & Due Diligence

• Property is currently uninhabitable following water damage.

• Refurbishment scope and cost are unknown.

• No Home Report is available.

• No sufficiently specific rental comparables or rent estimate are supplied.

• The £3,600 minimum admin charge applies at the guide price, with possible additional disbursements.

• No completed sales evidence is supplied to support GDV.

Recommendation

Do not bid until the legal pack, water-damage scope, contractor quotations and local completed-sale evidence have been reviewed. Current evidence is insufficient to set a safe maximum bid.

Strategy Rating

Analysis Confidence

Only the guide price, basic property description, reported water damage, tenure and stated fee structure are supplied; there are no comparables, Home Report, rental evidence or refurbishment costs.