15 South Street, Wendover, Aylesbury

Description

A semi-detached house benefitting from a rear garden.

Accommodation

Savills have not internally inspected the property. Ground floor - Two rooms, W/C. First floor - Two rooms.

Location

Conveniently located for the amenities of Wendover. Good road connections via the A413 and A41, providing convenient access to Aylesbury, Amersham and surrounding towns, with onward connections to the M25 and London. Wendover also has its own railway station. The area offers supermarkets, independent shops, cafés, restaurants, pubs, pharmacies, healthcare facilities and schools, with more extensive shopping and services available in nearby Aylesbury. Recreational opportunities include access to the Chiltern Hills, Wendover Woods, Coombe Hill, canal walks, cycling routes, playgrounds and outdoor leisure facilities.

Tenure / Property Information

Investment Analysis

The supplied sold comparables on South Street range from £320,000 to £678,000, but no comparable bedroom counts, floor areas, condition details or internal inspection evidence are provided. The range is therefore insufficient to support a specific GDV for this two-bedroom property. The property is occupied and has not been internally inspected by Savills.

Investment Snapshot

Strategy Recommendation

Do not proceed on the current evidence without internal inspection, tenancy and rent verification, full auction charges, and stronger two-bedroom valuation and rental evidence. The low stated rent makes the property unattractive as an income-led purchase at the guide unless materially improved evidence emerges.

Works Required

No specific defects or refurbishment requirements are evidenced. Internal inspection, verification of accommodation and assessment of condition are required before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because GDV, refurbishment cost, verified rent, buyer costs and refinance value are unsupported. The undocumented tenancy and lack of internal inspection create material underwriting uncertainty.

Buy-to-Let Analysis

The seller advises rent of £2,400 per annum, equivalent to £200 per month, but no tenancy agreement, rent statement or payment history has been provided. On the £90,000 guide, this stated rent equates to approximately 2.67% gross yield before fees, finance, maintenance, voids and other costs. No sufficiently specific external rental comparable was identified, so market rent cannot be established.

Flip Analysis

A flip appraisal cannot be supported. Although South Street sold comparables are supplied, their size, bedroom count, condition and specification are not stated, and no refurbishment allowance or selling-cost allowance is available. Consequently, no reliable resale surplus or maximum bid can be calculated.

Investor Risks & Due Diligence

• Tenant is in situ, but the tenancy agreement, rent statement and payment history have not been provided.

• The stated £2,400 annual rent is seller-provided and unverified.

• The property has not been internally inspected, so condition and exact accommodation remain uncertain.

• Buyer fees, VAT applicability, administration charges and seller charges are not supplied.

• The sold comparables vary substantially in price and lack bedroom, floor-area and condition details.

• No sufficiently specific external rental comparable was identified.

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

Recommendation

Do not proceed on the current evidence without internal inspection, tenancy and rent verification, full auction charges, and stronger two-bedroom valuation and rental evidence. The low stated rent makes the property unattractive as an income-led purchase at the guide unless materially improved evidence emerges.

Strategy Rating

Analysis Confidence

The address, tenure, occupancy, guide price, stated rent and broad local sold comparables are supplied, but there is no internal inspection, verified tenancy documentation, specific rental evidence, EPC, buyer fee, seller charges, condition evidence or sufficiently comparable valuation detail.