19 Westland View, Luston, Leominster, Herefordshire

Description

Freehold self-contained bungalow with one bedroom, front and rear garden, in need of modernisation. Vacant.

Accommodation

Reception room, Kitchen, Bedroom, Bathroom/wc; outside: front and rear garden

Location

Situated to the south side of Westland View. Local amenities can be found in Luston Village, with wider options available in Leominster to the south. A semi-rural location offering many countryside walks and recreation opportunities, the National Trust Berrington Hall is to the east. Transport: Leominster Station - National Rail.

Tenure / Property Information

Investment Analysis

The supplied completed sales range from £122,000 to £380,000, but the comparables are terraced, semi-detached and detached properties, with no bedroom details or sufficiently specific bungalow match. They therefore do not support a reliable GDV for this vacant one-bedroom bungalow. The £95,000 guide is subject to unknown buyer fees, VAT and possible seller charges.

Investment Snapshot

Strategy Recommendation

Do not commit to a strategy or bid limit until a survey, refurbishment specification, local valuation and rental evidence are obtained. The guide alone does not establish sufficient margin.

Works Required

Modernisation is required according to the description, but no specific defects, specification or measured scope are supplied. Obtain a full inspection and contractor schedule before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. A reliable purchase/refurbishment cost, post-works value and achievable rent are unavailable, so refinance proceeds and retained equity cannot be calculated.

Buy-to-Let Analysis

A BTL assessment cannot be quantified because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property is vacant, and modernisation costs and auction-related charges are also unknown.

Flip Analysis

A flip appraisal is not supportable. Although completed sales are provided, they relate to different property types and lack sufficient detail for a defensible bungalow GDV; modernisation costs and selling allowances are also unknown.

Investor Risks & Due Diligence

• Modernisation scope and cost are unspecified.

• No sufficiently specific rental evidence is available.

• Sold comparables are different property types and do not establish a reliable bungalow GDV.

• Buyer fees, VAT and possible seller charges are unknown.

• The property is vacant, so no passing rent is evidenced.

Recommendation

Do not commit to a strategy or bid limit until a survey, refurbishment specification, local valuation and rental evidence are obtained. The guide alone does not establish sufficient margin.

Strategy Rating

Analysis Confidence

The property description and guide are available, but there is no specific valuation comparable, rental evidence, refurbishment cost, EPC, council tax or confirmed fee schedule.