13 Fulford Avenue, Retford

Description

A traditionally constructed detached bungalow, benefitting from well proportioned accommodation on a good sized plot. The property boasts versatile space throughout, giving options for a number of suitable configurations, either as an owner occupier residence, or as an investment. This property offers significant scope to add value or generate a strong yield being in an area of high demand.

Accommodation

Ground Floor: Entrance Hallway; Lounge; Kitchen; Family Bathroom; Bedroom 1; Bedroom 2 / Dining Area. First Floor: Bedroom 3; Bedroom 4. Outside: Gardens to front, side and rear – driveway with detached garage.

Location

The property is situate on Fulford Avenue, Retford, a popular and well positioned area of this traditional Nottinghamshire market town, a short distance away from the town centre and its many facilities and amenities, including good access to the primary railway station serving the surrounding towns and cities and having a direct link to London Kings Cross. Doncaster, Lincoln, Gainsborough and Newark are all within 20 miles of the town centre.

Tenure / Property Information

Investment Analysis

The supplied sold evidence on Fulford Avenue ranges from £173,800 to £230,000 for detached properties. A midpoint of £201,900 is used as an indicative base GDV, with £173,800 low and £230,000 high scenarios. Comparability is limited because bedroom numbers, condition and tenure of the comparables are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and obtaining a full survey, refurbishment quote and local rental evidence. At present this is better considered as a potential owner-occupier purchase than an underwritten investment.

Works Required

No specific works can be reliably costed from the evidence. Investigate condition, EPC E improvement requirements, layout configuration, garage, services and legal-pack matters before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not reliable without a supported purchase price, refurbishment budget, rent and refinance valuation. The indicative base GDV is £201,900, but tenure and legal-pack terms remain to be verified.

Buy-to-Let Analysis

BTL cannot be underwritten because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Yield, allowable purchase price and cash flow are therefore unsupported.

Flip Analysis

The supplied comparable range indicates a potential resale benchmark of £173,800–£230,000, with a midpoint of £201,900. A flip surplus cannot be calculated because works, purchase price and selling costs are unsupported.

Investor Risks & Due Diligence

• Tenure, ground rent and service-charge terms are not confirmed.

• Property condition and refurbishment requirements are not described or costed.

• EPC rating E may require improvement depending on intended use and future requirements.

• No sufficiently specific rental evidence is available.

• Buyer premium and admin charge total £3,600, with possible additional legal-pack disbursements and other charges.

Recommendation

Proceed only after reviewing the legal pack and obtaining a full survey, refurbishment quote and local rental evidence. At present this is better considered as a potential owner-occupier purchase than an underwritten investment.

Strategy Rating

Analysis Confidence

There is relevant nearby sold evidence, but condition, comparable specifications, tenure, rent, refurbishment costs and legal-pack charges are not provided.