155 Mill Road, Deal, Kent

Description

A three bedroom end terrace house. Externally, the property benefits from off road parking and a rear garden. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Reception Room, Kitchen, WC. First Floor - Three Bedrooms, Shower Room/WC.

Location

Located on Mill Road, accessed off Hamilton Road. Local amenities and convenience shops are nearby on Dover Road and Cornwall Road. Recreational amenities such as Victoria Park and the Marke Wood Recreation Ground are nearby, with Deal Pier and Walmer Beach easily accessible as well. Transport links via Deal station. Transport Deal - southeastern.

Tenure / Property Information

Investment Analysis

Five completed sales on Mill Road range from £160,000 to £276,450. The median is £215,000, used as the base GDV because the comparables are same-road terraced freehold sales. However, bedroom count, floor area, condition and specification of the comparables are not supplied, so the valuation range is indicative only. The subject requires modernisation, which may place its achievable value below better-presented comparables.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming the refurbishment scope, costs, legal pack and achievable rent. Treat the £215,000 GDV as indicative rather than a formal valuation; no evidence-based maximum bid can be calculated.

Works Required

Modernisation of the house as supported by the listing. The evidence does not specify individual defects, scope, extension requirements or refurbishment costs. Any extension would require the requisite consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR route is indicated by the vacant freehold house and same-road completed sales, with an indicative 75% refinance of the £215,000 base GDV equal to £161,250. However, refurbishment cost, finance costs, achievable rent and total acquisition costs are unavailable, so cash left in and refinance viability cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable, auctioneer rent estimate, purchase costs or refurbishment allowance is supplied. The property is vacant and requires modernisation, so letting readiness and achievable rent remain unverified.

Flip Analysis

Using the £215,000 base GDV, a flip appraisal cannot be completed because refurbishment costs, buyer costs and selling costs are not supplied. The £160,000 to £276,450 comparable range demonstrates material valuation uncertainty, particularly as comparable sizes and conditions are unknown.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the scope and cost of works are unspecified.

• Comparable sale sizes, bedroom counts, specifications and conditions are not supplied.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Extension potential is subject to requisite consents and should not be relied upon without confirmation.

• Buyer, administration, finance and selling costs are unavailable, preventing a complete project appraisal.

Recommendation

Proceed only after confirming the refurbishment scope, costs, legal pack and achievable rent. Treat the £215,000 GDV as indicative rather than a formal valuation; no evidence-based maximum bid can be calculated.

Strategy Rating

Analysis Confidence

There are five same-road completed sales and clear tenure, occupancy and property-type information, but no floor areas, comparable condition details, rental evidence, refurbishment costs or buyer/selling costs.