14(A) Weavers Croft, Billington, Clitheroe, BB7 9NE

Description

Situated in a cul-de-sac off Whalley Road, close to the amenities available in Billington Village and travelling facilities including Whalley and Langho Train Stations. A terrace house requiring modernisation.

Accommodation

Two floors. First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Kitchen.

Location

Situated in a cul-de-sac off Whalley Road, close to Billington Village amenities and travelling facilities including Whalley and Langho Train Stations.

Tenure / Property Information

Investment Analysis

The property is a vacant, freehold three-bedroom terrace house requiring modernisation. No completed sale comparables or other market valuation evidence were supplied, so GDV and market value cannot be reliably estimated. The £60,000 guide is not treated as market value. The supplied rental evidence indicates advertised asking rents of £695–£900 pcm for three-bedroom properties, although these are not achieved rents and comparability is limited.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, refurbishment quotations, confirmation of special-condition charges and independent local valuation evidence. The asking-rent evidence suggests possible BTL interest at the guide, but the unknown all-in cost prevents a firm recommendation.

Works Required

Modernisation is required, but no detailed condition schedule was supplied. Obtain a full inspection and contractor quotations before budgeting for kitchen, bathroom, decoration, flooring or other works; these items must not be assumed without inspection evidence.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed reliably because there is no supported GDV, refurbishment budget or refinance valuation. The £1,500 buyer premium is known, but potential seller charges and the cost of modernisation are not quantified.

Buy-to-Let Analysis

Using the £695 pcm lower advertised rental evidence and the £60,000 guide, gross yield is approximately 13.9%; at £900 pcm it would be approximately 18.0%. These are based on asking rents, not achieved rents, and exclude modernisation, the £1,500 buyer premium, seller charges and other ownership costs. Net yield and an all-in return cannot be established because works and total costs are unsupported.

Flip Analysis

A flip surplus cannot be calculated because no completed sale comparables, GDV or refurbishment allowance were supplied. The property is described as requiring modernisation, and seller charges may apply on completion.

Investor Risks & Due Diligence

• Modernisation scope and cost are unknown.

• No completed sale comparables or reliable GDV evidence were supplied.

• Rental figures are advertised asking rents rather than achieved rents.

• The £1,500 buyer premium is payable and additional seller charges may apply under the special conditions.

• Total project cost and net investment yield cannot be established.

Recommendation

Proceed only subject to inspection, refurbishment quotations, confirmation of special-condition charges and independent local valuation evidence. The asking-rent evidence suggests possible BTL interest at the guide, but the unknown all-in cost prevents a firm recommendation.

Strategy Rating

Analysis Confidence

Basic tenure, occupancy, accommodation, guide price and limited asking-rent evidence were supplied, but there are no sold comparables, detailed condition information, refurbishment costs, GDV, passing rent or complete fee schedule.