17 Torr Street, Buxton, Derbyshire, SK17 6HW

Description

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

Accommodation

Lower Ground Floor: Cellar. Ground Floor: Reception Room, Kitchen, WC. First Floor: Bedroom, Bathroom, Separate WC. Second Floor: Two Bedrooms.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Pavilion Gardens are within easy reach. Transport links are provided by Buxton rail station.

Tenure / Property Information

Investment Analysis

Three completed sales for terraced freehold houses on Torr Street range from £259,000 to £285,000: 18 Torr Street sold for £259,000, while 6 and 22 Torr Street each sold for £285,000. A base GDV of approximately £276,333 is derived from the average of these three same-street sales. The comparables do not provide floor areas, specifications or refurbishment condition, so the GDV range is indicative only. The Torr Street Mews sales have not been relied upon because they are separately named properties.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a priced refurbishment schedule. Do not rely on the apparent GDV spread to set a bid because project costs and exit costs are unknown.

Works Required

The property is explicitly described as needing refurbishment. The evidence does not identify specific defects or provide a works schedule, so a detailed scope and cost allowance cannot be established. Obtain a full inspection and review the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The guide is £30,000 plus fees and the stated admin charge is £1,800 including VAT. A 75% refinance against the indicative base GDV would be approximately £207,250, but total project cost cannot be calculated because refurbishment costs, disbursements and other acquisition costs are unknown. BRRR viability remains unproven.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied. BTL rent, gross yield and cash-flow performance therefore cannot be established. The vacant status means there is no stated passing rent.

Flip Analysis

The indicative base GDV is approximately £276,333, based on three same-street completed sales. Flip profitability cannot be calculated because refurbishment costs, legal-pack disbursements, finance costs, selling costs and other transaction costs are not supplied.

Investor Risks & Due Diligence

• The property is vacant and stated to need refurbishment, but the defects and full works scope are unknown.

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

• Buyer/admin fees are incomplete: the £1,800 admin charge is stated, while disbursements and possible special-condition charges require legal-pack review.

• The sold comparables do not provide size, specification or condition details, limiting GDV reliability.

• No supported maximum bid can be calculated without refurbishment and total transaction costs.

Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a priced refurbishment schedule. Do not rely on the apparent GDV spread to set a bid because project costs and exit costs are unknown.

Strategy Rating

Analysis Confidence

There are relevant completed same-street sales and clear tenure, occupancy and accommodation evidence, but no floor areas, condition detail, EPC, rent evidence, works budget or complete fee schedule.