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15 Buchanan Close, Coleford, Gloucestershire

Marketed by:

Auction House London

Auction House London

1a, 5 Hampstead Gate, London NW3 6AL, UK

020 7625 9007

Vacant Two-Bedroom Freehold Terraced House

15 Buchanan Close, Coleford, Gloucestershire

​

£90,000+

• 2 Bedrooms


• Terraced House


• Freehold


• Vacant


• Off street parking

Description


A Vacant Two Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a two bedroom mid terrace house arranged over ground and first floors.


Accommodation


Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: Rear garden and off street parking.


Location


The property is situated on a residential road close to local shops and amenities. The open spaces of Bells Field are within easy reach. Transport links are provided by Lydney rail station and the A40.


Tenure / Property Information


Tenure

Freehold

Occupancy

Vacant

Parking

Off street parking

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.


Investment Analysis


The supplied sold comparables are materially historic: 2002, 2007 and 2014. They do not support a reliable current market value or GDV. The subject is vacant and requires refurbishment, but no current valuation, works budget or specific condition schedule is provided.


Investment Snapshot


Guide Price

£90,000+ (plus fees)


Strategy Recommendation


Do not establish a bid or proceed on the supplied evidence alone. Obtain the legal pack, current inspection-based refurbishment quotation, current valuation evidence and rental evidence before considering purchase.


Works Required


Refurbishment of the two-bedroom terraced house, including review and renewal of finishes and the kitchen, bathroom and other items identified by inspection. No specific defects or scope are evidenced.


Rental & Market Context


No sufficiently specific external rental comparable identified.


Sold Comparables


The following completed sales were identified within approximately 5 miles:


10, Buchanan Close, Coleford, Forest Of Dean, Gl16 8eg
2014-01-08 · Terraced · Freehold

£99,999

13, Buchanan Close, Coleford, Coleford, Forest Of Dean, Gl16 8eg
2007-03-30 · Terraced · Freehold

£85,000

15, Buchanan Close, Coleford, Coleford, Forest Of Dean, Gl16 8eg
2002-12-16 · Terraced · Freehold

£12,000

19, Buchanan Close, Coleford, Coleford, Forest Of Dean, Gl16 8eg
2002-08-19 · Terraced · Freehold

£17,280


Potential BRRR Position


A BRRR assessment cannot be completed because current GDV, refurbishment cost, rent and refinance assumptions are unsupported. The property is vacant and requires refurbishment, creating execution and funding risk.


Buy-to-Let Analysis


No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, yield and BTL viability cannot be established. The £1,800 administration charge and other possible fees would also need to be included in the final appraisal.


Flip Analysis


A flip appraisal cannot be supported from the evidence. The available comparables are historic and no refurbishment budget or supported selling allowance is provided.


Investor Risks & Due Diligence


• Property is vacant and described as needing refurbishment.


• No current market valuation or reliable current comparable evidence is supplied.


• No sufficiently specific rental evidence is available.


• Refurbishment costs are unquantified.


• Buyer must investigate possible search fees, seller-cost reimbursement, legal fees, transfer fees and other disbursements.


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


Recommendation


Do not establish a bid or proceed on the supplied evidence alone. Obtain the legal pack, current inspection-based refurbishment quotation, current valuation evidence and rental evidence before considering purchase.


Strategy Rating


HB Rating

★★☆☆☆


Analysis Confidence


Confidence

Low


Current market, rental, condition-cost and valuation evidence is incomplete; the supplied comparables are historic.


Auction Details : 

Auction House London

Auction Date : 

11/11/26

Lot Number : 

101

Tradelend Limited
Tradelend Limited

Bridging Finance, Development Finance

0203 886 2530

Tiger Financial
Tiger Financial

Bridging Finance, Development Finance

020 7965 7261

Tuscan Capital
Tuscan Capital

Bridging Finance

020 7846 9030

UK Bridging Loans Ltd
UK Bridging Loans Ltd

Bridging Finance

0116 366 6338

Ultimate Finance
Ultimate Finance

Bridging Finance

0800 121 7757

Property Location:

15 Buchanan Close, Coleford, Gloucestershire

  • BRRR Calculator - Estimate your potential returns after refurbishment and refinancing.

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Jewson
Jewson Coleford
Builders Merchant

Tel:

01594 832276

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