17 Mitton Gardens, Stourport-on-Severn, DY13 9AB

Description

A vacant freehold end terraced property

Accommodation

Lower Ground Floor: Cellar. Ground Floor: Reception Room, Kitchen. First Floor: Landing, Two Bedrooms, Bathroom/WC. Second Floor: Attic Bedroom. Outside: Gardens.

Tenure / Property Information

Investment Analysis

The supplied completed sales are same-road terraced comparables ranging from £84,000 to £112,000, but they date from 2005 to 2016 and no current market evidence or property-specific condition information is provided. They indicate historical local context only and do not support a reliable current GDV without a suitable adjustment or inspection.

Investment Snapshot

Strategy Recommendation

Do not commit at the guide based on the supplied evidence alone. Obtain a current valuation, full inspection, refurbishment quotations, rental evidence and review the special conditions before considering a purchase.

Works Required

No specific defects or refurbishment requirements are evidenced. Before bidding, inspect the roof, structure, cellar, attic conversion, kitchen, bathroom, heating system, electrics and general condition, and review the EPC E recommendations and legal pack.

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. Current GDV, rent, refurbishment cost and refinance assumptions are unsupported. The property is vacant freehold accommodation, but the EPC E rating and unknown condition require investigation before considering purchase and refinance.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The £2,700 administration charge is known, but refurbishment, finance, tax, insurance and other completion costs are not.

Flip Analysis

A flip surplus cannot be calculated. The historic same-road sales provide context only and are too dated to establish a current resale value; refurbishment costs, selling costs and other completion costs are also unknown.

Investor Risks & Due Diligence

• Historic comparable sales may not represent current market value.

• Property condition and required refurbishment costs are unknown.

• No sufficiently specific rental evidence is available, so yield cannot be established.

• EPC rating is E and improvement requirements are not supplied.

• Additional special-condition costs may be payable on completion.

• Stamp duty and/or government taxes are excluded from the stated administration charge.

Recommendation

Do not commit at the guide based on the supplied evidence alone. Obtain a current valuation, full inspection, refurbishment quotations, rental evidence and review the special conditions before considering a purchase.

Strategy Rating

Analysis Confidence

The property description, tenure, vacant status, guide price, administration charge and historic same-road sales are supplied, but current valuation evidence, rental evidence, condition details, refurbishment costs and special-condition costs are absent.