19 Nene Walk, Daventry, Northamptonshire NN11 4QH

Description

3 bedroom mid terraced property requiring improvements. 2 reception rooms, plus outside sheds. The property is situated in a pedestrian, end of cul-de-sac location. Ideal investment opportunity. The property will not be cleared of all effects.

Accommodation

Ground floor: Entrance hallway; kitchen: 9 ft 3 in x 8 ft 6 in; dining room: 14 ft 9 in x 13 ft 4 in; lounge: 14 ft 8 in x 14 ft 5 in. First floor: bedroom 1: 14 ft 9 in x 8 ft 8 in; bedroom 2: 11 ft 8 in x 8 ft 2 in; bedroom 3: 11 ft 9 in x 5 ft 2 in; bathroom. Outside: front garden; rear covered veranda, garden and 2 sheds.

Location

Situated in a pedestrian, end-of-cul-de-sac location.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £115,000 to £205,000, with three sales at £167,500, £185,000 and £187,500. A base GDV of £185,000 is reasonable, but the property requires improvements and its condition is not fully evidenced. The £115,000 sale demonstrates downside risk.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and obtaining a full refurbishment and rental assessment. The low guide price may provide margin, but the evidence is insufficient to approve a bid.

Works Required

Clear remaining effects and undertake unspecified improvements. The evidence does not identify the required scope or provide a refurbishment budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £185,000 base GDV indicates £138,750 gross refinancing capacity. Cash left in cannot be calculated because refurbishment and total project costs are unsupported.

Buy-to-Let Analysis

Vacant freehold three-bedroom house with no sufficiently specific rental evidence. Rent and yield cannot be established. At the £80,000 guide, the stated buyer premium and admin charge add £3,600 before any other legal-pack costs.

Flip Analysis

The comparable evidence suggests a potential resale value around £185,000, but refurbishment costs, selling costs and the property's actual condition are unknown. Flip surplus cannot be calculated reliably.

Investor Risks & Due Diligence

• Unknown refurbishment scope and cost

• Property will not be cleared of all effects

• No sufficiently specific rental evidence

• Additional legal-pack and special-condition costs may apply

• Wide range in same-street completed sale prices

• EPC remains unconfirmed

Recommendation

Proceed only after reviewing the legal pack and obtaining a full refurbishment and rental assessment. The low guide price may provide margin, but the evidence is insufficient to approve a bid.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and clear tenure/occupancy data, but no rental evidence, EPC, refurbishment scope or full fee schedule.