19 Romney Avenue, Barrowford, Nelson, Lancashire

Description

Not yet inspected by Auction House, however understood to be a tenanted two bed end terrace house. The property is currently let at £650 pcm / £7,800 pa; please see the legal pack for the agreement.

Accommodation

Entrance hall, living room, kitchen/diner, two bedrooms and a bathroom. The property is 72m², as taken from the EPC.

Tenure / Property Information

Investment Analysis

Recent completed sales on Romney Avenue range from £168,000 to £177,000 for terraced freehold properties, with the latest sale at £177,000 on 30 April 2026. The subject is a 72m² two-bedroom end terrace, but it has not been inspected and the comparable properties' accommodation, condition and tenancy status are not supplied. A cautious evidence-based GDV range is £165,000–£177,000, with £170,000 used as the base estimate.

Investment Snapshot

Strategy Recommendation

Consider as a tenanted BTL only after reviewing the tenancy agreement, legal pack and inspection evidence. Do not rely on the apparent discount to comparable sales until condition and all additional auction costs are confirmed.

Works Required

No works can be specified reliably because the property has not been inspected and no condition information is provided. Confirm condition, tenant obligations, compliance records and any repair liabilities through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £170,000 base GDV, a 75% refinance indication is £127,500. This is above the guide price and known 2.75% administration charge, but the outcome after works, legal costs, finance costs, taxes and other auction charges cannot be calculated. No refurbishment allowance is supported because the property is uninspected.

Buy-to-Let Analysis

The stated passing rent is £650 pcm (£7,800 annually), giving a gross yield of 7.43% against the £105,000 guide price. The yield on the full acquisition cost cannot be established because refurbishment, disbursements, legal costs and other purchase costs are not quantified. The tenancy agreement and rent status must be verified.

Flip Analysis

The comparable sales support a potential resale value around £165,000–£177,000, subject to condition and comparability. A flip surplus cannot be calculated because works, selling costs and the complete purchase cost are unsupported.

Investor Risks & Due Diligence

• Property has not yet been inspected by the auction house.

• The tenancy agreement, rent payment history and tenant terms require legal-pack verification.

• Refurbishment and repair costs are unknown.

• Additional disbursements, seller costs, legal fees, transfer fees and other special-condition charges may apply.

• Comparable sales do not include sufficient detail to confirm exact condition, size or specification equivalence.

• The gross yield calculation is based on the guide price rather than the final auction purchase price and total costs.

Recommendation

Consider as a tenanted BTL only after reviewing the tenancy agreement, legal pack and inspection evidence. Do not rely on the apparent discount to comparable sales until condition and all additional auction costs are confirmed.

Strategy Rating

Analysis Confidence

There are several recent same-street completed sales and a stated passing rent, but the property is uninspected, comparable specifications and conditions are incomplete, and refurbishment and additional purchase costs are unknown.