12 Windmill Lane, Fulbourn, Cambridge, Cambridgeshire, CB21 5DT

Description

A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bahtroom, Study. Exterior: rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Fulbourn Recreation Ground are within easy reach. Transport links are provided by Cambridge rail station.

Tenure / Property Information

Investment Analysis

The property is a vacant three-bedroom freehold mid-terrace house requiring refurbishment. The supplied Land Registry evidence is limited to three historical sales on the same road: £248,500 and £249,950 in early 2013, and £125,000 for number 14 in November 2012. The condition and specification of those properties are not supplied, and the transactions are too old to establish a reliable current GDV. The £140,000+ guide is therefore not validated by sufficient current evidence. No supported current valuation, refurbishment budget or maximum bid can be calculated.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining the legal pack, inspecting the refurbishment requirement and sourcing current local valuation and rental evidence. Do not rely on the guide price or historical comparables alone when setting a bid.

Works Required

Refurbishment is required, but the evidence does not identify the condition or scope of works. Obtain a full inspection and legal pack review before budgeting for internal, kitchen, bathroom, services or decorative works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable because current GDV, refurbishment cost and achievable rent are unverified. The historical same-road sales provide context only and should not be treated as current refinance evidence.

Buy-to-Let Analysis

A three-bedroom rental listing at £1,900 pcm is supplied for Springfield Road, CB4, rather than this property or Fulbourn, and is only an advertised asking rent. It cannot reliably establish rent for 12 Windmill Lane, so BTL yield and cash flow cannot be calculated.

Flip Analysis

A flip surplus cannot be calculated. The supplied same-road sales are from 2012–2013, lack condition details and do not establish a current resale value; refurbishment costs and selling costs are also unsupported.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not provided.

• The comparable sales are historical transactions from 2012–2013 and may not represent current value.

• The available rental evidence is for Springfield Road, CB4, not Fulbourn, and is an advertised asking rent.

• Special Conditions may impose additional search, seller-cost, legal, transfer or other disbursement charges.

• No council tax, parking or heating information is supplied.

• The property is vacant, so there is no passing rent evidence.

Recommendation

Proceed only after obtaining the legal pack, inspecting the refurbishment requirement and sourcing current local valuation and rental evidence. Do not rely on the guide price or historical comparables alone when setting a bid.

Strategy Rating

Analysis Confidence

Evidence includes the property description, guide, one unrelated-area asking rent and old same-road sales, but lacks current comparables, verified rent, condition detail, refurbishment costs and complete purchase-cost information.