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15 Buchanan Close, Coleford, Gloucestershire
Marketed by:
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 |
£99,999 |
|
13, Buchanan Close, Coleford, Coleford, Forest Of Dean, Gl16 8eg |
£85,000 |
|
15, Buchanan Close, Coleford, Coleford, Forest Of Dean, Gl16 8eg |
£12,000 |
|
19, Buchanan Close, Coleford, Coleford, Forest Of Dean, Gl16 8eg |
£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
Property Location:
15 Buchanan Close, Coleford, Gloucestershire
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