16 Alstone Avenue, Cheltenham, Gloucestershire

Description

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

Accommodation

Ground Floor: Through Reception Room; Kitchen/Diner; Bathroom. First Floor: Three Bedrooms. Second Floor: Bedroom. Exterior: The property benefits from a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Alstone Croft Playing Field are within easy reach. Transport links are provided by Cheltenham Spa rail station.

Tenure / Property Information

Investment Analysis

Five same-road freehold terraced sales range from £300,000 to £347,000, averaging £322,000. These provide useful location evidence, but bedroom counts and condition are not supplied, so the GDV scenarios are indicative only. The subject requires refurbishment.

Investment Snapshot

Strategy Recommendation

Do not bid until the legal pack, refurbishment scope, contractor costs and rental evidence are verified. Current evidence does not support a reliable BTL, BRRR or flip bid.

Works Required

Refurbishment is required, but the evidence does not specify the scope. Obtain a full inspection and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative base GDV, 75% refinance would be £241,500. Total acquisition and refurbishment cost cannot be calculated because works costs, disbursements and the purchase price are unknown beyond the guide.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. Refurbishment costs are also unknown.

Flip Analysis

The evidence supports an indicative base GDV of £322,000, with a £300,000–£347,000 comparable range. Flip surplus cannot be calculated without refurbishment costs, acquisition costs and selling allowances.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified.

• No sufficiently specific rental evidence is available.

• Comparable bedroom counts and condition are not supplied.

• £1,800 administration charge applies, with possible additional legal-pack disbursements.

• Vacant possession and refurbishment create execution and cash-flow risk.

Recommendation

Do not bid until the legal pack, refurbishment scope, contractor costs and rental evidence are verified. Current evidence does not support a reliable BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

Same-road completed sales are available, but comparable bedroom counts and condition are absent; refurbishment costs, rent, disbursements and full purchase costs are also unavailable.