17 Badger Close, Yaxley, Peterborough

Description

A three bedroom semi detached house, in need of modernisation. The property benefits from a rear garden. Extension potential subject to requisite consents.

Accommodation

Three bedroom semi-detached house with rear garden.

Location

Located on Badger Close, accessed off Southdown Road and Springfield Road. A range of shops, restaurants and pubs are available close by in the centre of Peterborough. The recreational amenities of Crown Lakes Country Park and Holme Fen National Nature Reserve are nearby. Road links via the A1. Transport: Peterborough - National Rail.

Tenure / Property Information

Investment Analysis

The five completed sales on Badger Close range from £160,000 to £243,000. The £160,000 sale provides a lower evidence point, while the £215,000, £223,250 and £243,000 sales support a higher range. Because the condition, floor area and specification of the comparables are not supplied, £215,000 is used as an indicative base GDV rather than a formal valuation. The property is described as needing modernisation, but no works scope or cost evidence is provided.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal review and a firm modernisation budget. The guide appears below the supported local sold evidence, but the economics cannot be underwritten reliably until works and auction-related costs are known.

Works Required

Modernisation as required by the property's condition and description. The evidence does not specify individual defects, installations or finishes, so a detailed works schedule and cost allowance cannot be established.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £215,000 base GDV, a 75% refinance indication is £161,250. However, total acquisition and refurbishment cost cannot be calculated because the modernisation allowance, auction charges, VAT position and seller charges are unspecified. Cash left in and equity therefore remain unquantified.

Buy-to-Let Analysis

The only identifiable relevant rental evidence is an advertised asking rent of £775 pcm for a three-bedroom house in Peterborough; it is not an achieved rent and is not confirmed for this property. This implies £9,300 annual gross rent and 9.30% gross yield against the £100,000 guide, before refurbishment, finance, operating costs and auction charges. A yield on total project cost cannot be established because refurbishment and buyer costs are unknown.

Flip Analysis

The completed sales provide an indicative GDV range of £160,000 to £243,000, with £215,000 used as the base case. A flip surplus cannot be calculated because refurbishment costs, buyer charges and selling costs are not supported by the evidence.

Investor Risks & Due Diligence

• The property is stated to need modernisation, but the scope and cost of works are unknown.

• The guide excludes the auctioneer buyer fee and potentially VAT and seller charges.

• The rental evidence is advertised asking rent rather than achieved rent and is not confirmed for this property.

• The comparable sale prices vary materially from £160,000 to £243,000, with no condition, size or specification details supplied.

• Extension potential is subject to requisite consents and is not assumed in the valuation.

Recommendation

Proceed only subject to inspection, legal review and a firm modernisation budget. The guide appears below the supported local sold evidence, but the economics cannot be underwritten reliably until works and auction-related costs are known.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and limited rental evidence, but condition comparability, property size, refurbishment costs, buyer charges, seller charges, VAT, EPC and operating details are unavailable.