14 Musgrave Road, Sittingbourne, Kent

Description

Vacant freehold mid terrace house with two reception rooms, kitchen, three bedrooms, bathroom, separate WC, front and rear gardens, and GIA approximately 86.77 sq m (934 sq ft).

Accommodation

Ground floor: two reception rooms and kitchen. First floor: three bedrooms, bathroom and separate WC. Front and rear gardens. GIA approximately 86.77 sq m (934 sq ft).

Location

Located on the north east side of Musgrave Road. The shops, restaurants and bars of Sittingbourne are to the south. Sittingbourne rail station is approximately 0.9 miles south. The A249 is to the west. Milton Creek Country Park is to the north east.

Tenure / Property Information

Investment Analysis

Same-road sold evidence ranges from £270,000 in July 2024 to £340,000 in July 2026, with older sales at £210,000 in 2021/2022 and £185,000 in 2017. A base GDV of £305,000 is used as the midpoint of the two most recent sales, but the comparables' size, condition and specification are not supplied, so this remains indicative.

Investment Snapshot

Strategy Recommendation

Proceed only with full legal-pack review, inspection and a verified works budget. The guide shows an attractive headline rent-to-price yield, but the investment case is too incomplete to justify a supported maximum bid.

Works Required

No condition information is supplied, so no refurbishment allowance can be supported. Obtain a survey and budget only for works confirmed by inspection, including any required repairs, decoration, kitchen, bathroom, services or compliance items.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £305,000 base GDV, 75% refinance is £228,750. However, total project cost cannot be calculated because condition, refurbishment costs and buyer/admin charges are not supplied. Cash left in and refinance viability therefore remain unsupported.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £950 pcm for a three-bedroom house in Albany Road, not achieved rent and not the subject property. At the £185,000 guide, this indicates a headline gross yield of 6.16%, before works, finance, voids, management, maintenance and other costs. Net yield and total-cost yield cannot be established because refurbishment and buyer/admin costs are unavailable.

Flip Analysis

The indicative base GDV is £305,000 against the £185,000 guide, but refurbishment costs, acquisition costs, selling costs and condition are unknown. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Property condition and required works are not supplied, preventing a refurbishment budget.

• The £950 pcm figure is an advertised asking rent for another road and is not achieved rent or a confirmed subject-property rent.

• Buyer premium, admin charge and other possible charges are not quantified.

• GDV comparables lack supplied details on size, condition and specification.

• EPC, heating, parking, council tax and legal-pack information are not supplied.

Recommendation

Proceed only with full legal-pack review, inspection and a verified works budget. The guide shows an attractive headline rent-to-price yield, but the investment case is too incomplete to justify a supported maximum bid.

Strategy Rating

Analysis Confidence

Recent same-road sales and one advertised rental are available, but condition, comparable specifications, EPC, buyer/admin fees, refurbishment costs and legal-pack details are absent.