14 Greenway, Fulwood, Preston, Lancashire PR2 9TL

Description

Vacant Four Bedroom Semi Detached House. The property comprise of hallway, lounge, dining room, kitchen, utility, four bedrooms, bathroom and garage. Externally there is off street parking to the front and a generous garden to the rear.

Accommodation

Hallway, lounge, dining room, kitchen, utility, four bedrooms, bathroom and garage.

Location

Located in a desirable residential area of Preston, close to shops and schools.

Tenure / Property Information

Investment Analysis

The strongest evidence is the £265,000 completed sale of 22 Greenway in March 2025, a semi-detached freehold property on the same street. Other same-street semi-detached sales range from £244,000 in 2015 to £322,560 in 2023, but differences in condition, size and timing are not evidenced. A base GDV of £265,000 is therefore used, with £244,000 as a cautious low case and £322,560 as an evidence-supported high case. The £185,000 guide is before the £1,200 buyer premium and 2.75% administration charge; at the guide, known purchase costs total £191,287.50 before disbursements and any works.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection and legal-pack review. The clearest evidence-supported angle is owner-occupier purchase or value-led resale, not an underwritten BTL or BRRR strategy, because rent and works evidence are absent.

Works Required

No specific defects or refurbishment requirements are stated. The property is vacant and has an EPC rating of E, so inspection should establish whether any repairs, decoration, services work or energy-efficiency improvements are required before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £185,000 guide, the known buyer premium and administration charge produce a purchase cost of £191,287.50 before disbursements and works. A 75% refinance against the £265,000 base GDV would be £198,750, but total project cost cannot be calculated without a supported works allowance and other costs. Rent evidence is unavailable, so BRRR cash flow and refinance viability cannot be confirmed.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property is vacant, and refurbishment, finance, operating and compliance costs are also unknown.

Flip Analysis

The latest same-street comparable supports a £265,000 base GDV, implying a gross value difference of £73,712.50 against the guide-inclusive known acquisition cost before works, selling costs, finance, taxes and disbursements. Because works and selling costs are unsupported, a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Unknown condition and refurbishment costs

• No sufficiently specific rental evidence, preventing reliable BTL yield analysis

• EPC rating E may require further investigation and potential improvement costs

• Auction buyer premium, administration charge, disbursements and other legal costs reduce the apparent value margin

• Comparable properties may differ in size, condition and specification

• The property is vacant and no passing income is evidenced

Recommendation

Proceed only subject to inspection and legal-pack review. The clearest evidence-supported angle is owner-occupier purchase or value-led resale, not an underwritten BTL or BRRR strategy, because rent and works evidence are absent.

Strategy Rating

Analysis Confidence

Same-street completed sales provide useful GDV evidence, but there is no specific condition survey, refurbishment budget, rental evidence, selling-cost allowance or full legal-pack information.