15 Swedish Close, Foxton, Market Harborough

Description

A vacant freehold semi detached bungalow. The property benefits from having gas central heating and double glazing however is in need of modernisation works throughout.

Accommodation

Ground Floor: Porch with Store, Hall, Reception Room, Kitchen with Pantry, Bedroom, Wet Room/WC. Outside: Gardens.

Location

The semi detached bungalow stands back from the road behind a foregarden.

Tenure / Property Information

Investment Analysis

The £87,000+ guide is not supported by a sufficiently current comparable valuation in the supplied evidence. The only comparable is 7 Swedish Close at £55,000, completed on 30 October 2000, so it is too historic to establish current market value. The bungalow is vacant and requires modernisation throughout, but no quantified works budget, current valuation or detailed condition report is provided. The £2,700 administration charge is known; any further Special Conditions costs remain unknown.

Investment Snapshot

Strategy Recommendation

Do not commit to a bid based on the supplied evidence alone. Obtain a full viewing, refurbishment quotation and legal-pack review before considering an owner-occupier or resale purchase.

Works Required

Modernisation throughout as described, with the precise scope to be confirmed by inspection. The supplied evidence does not identify specific defective elements or support a quantified refurbishment allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a current GDV, refurbishment budget, achievable rent and finance assumptions. The known £2,700 administration charge would add to acquisition costs, with further Special Conditions costs unknown.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Total acquisition and refurbishment costs are also unquantified.

Flip Analysis

A flip surplus cannot be calculated. Current resale value, refurbishment cost and selling-cost allowance are unsupported. The sole £55,000 comparable is from 2000 and is not sufficient evidence of present-day GDV.

Investor Risks & Due Diligence

• The property requires modernisation throughout, with no quantified scope or cost provided.

• Current market value and resale GDV cannot be established from the supplied evidence.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• The £2,700 administration charge is payable, and additional Special Conditions costs are unknown.

• The property is being sold by auction, so legal-pack terms and any further costs require review before bidding.

Recommendation

Do not commit to a bid based on the supplied evidence alone. Obtain a full viewing, refurbishment quotation and legal-pack review before considering an owner-occupier or resale purchase.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, guide and administration charge are supplied, but there is no current valuation, quantified works budget, rental evidence, auctioneer rent estimate or complete fee schedule. The only sale comparable is historic from 2000.