15 Altnagarron Mews, Belfast, County Antrim

Description

A good sized three bedroom end terrace property in a very popular location near excellent transport links and amenities. The property has bags of potential to improve, adding value and is being sold with vacant possession.

Accommodation

Entrance hallway, downstairs shower room, rear kitchen/diner, reception room with patio doors, three well sized bedrooms and family bathroom.

Location

Belfast City Centre with all its amenities is within easy reach of the property. There are a range of leading schools also nearby. For the commuter an extensive public transport and road network is easily accessible.

Tenure / Property Information

Investment Analysis

The £100,000+ guide is the only pricing evidence supplied. No completed-sale comparables, GDV evidence, condition budget or rental evidence is available, so market value and profitability cannot be reliably estimated. At the guide, the buyer premium is £6,000 because the 4.8% calculation (£4,800) is below the stated minimum, giving a known guide-price acquisition cost of £106,000 before any other costs or works.

Investment Snapshot

Strategy Recommendation

Do not proceed on the current evidence alone. Obtain a survey, refurbishment quotations, completed-sale comparables, rental evidence and the full Special Conditions before setting a bid limit.

Works Required

The description indicates potential to improve and add value, but does not identify specific defects or works. A survey and contractor specification are required before budgeting.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable without a verified purchase/refurbishment budget, GDV and achievable rent. The 75% refinance figure cannot be calculated. The buyer must also provide the 5% auction deposit, subject to the stated £5,000 minimum, with further special-condition fees potentially payable.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Operating costs, finance costs and the refurbishment requirement are also unknown.

Flip Analysis

A flip surplus cannot be calculated because there are no sold comparables, GDV, works budget or supported selling allowance. The known acquisition cost at the guide is £106,000 including the minimum buyer premium, before works and other costs.

Investor Risks & Due Diligence

• No completed-sale comparables are supplied, so the guide price cannot be tested against market value.

• No specific defects or refurbishment scope is provided, preventing a reliable works budget.

• No rental evidence is available, so BTL income and yield cannot be assessed.

• Tenure, EPC, heating and council tax information are not supplied.

• The 5% auction deposit requires upfront cash and additional fees may be listed in the Special Conditions of Sale.

• The property is vacant, so no existing passing rent is available.

Recommendation

Do not proceed on the current evidence alone. Obtain a survey, refurbishment quotations, completed-sale comparables, rental evidence and the full Special Conditions before setting a bid limit.

Strategy Rating

Analysis Confidence

Only the property description, guide price, buyer premium and deposit terms are supplied; tenure, condition, EPC, heating, rental evidence, sold comparables, GDV and works costs are unavailable.