2 Benson Court, Louth, Utterby, Lincolnshire

Description

A Vacant Two Room Mid Terrace Bungalow in Need of Refurbishment. The property comprises a two room mid terrace bungalow.

Accommodation

Ground Floor: Two Rooms, Kitchen, Bathroom. Exterior: The property benefits from a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. Numerous green open spaces are within easy reach. Transport links are provided by the A16 and the A18.

Tenure / Property Information

Investment Analysis

No completed sale comparables or supported GDV evidence were supplied, so market value cannot be reliably estimated. The £10,000+ guide is not a valuation. Known cost evidence is limited to the £1,800 inc VAT administration charge; further auction disbursements may apply.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. First obtain the legal pack, inspection, refurbishment quotations, local valuation and rental evidence; then reassess against the £10,000+ guide and £1,800 administration charge.

Works Required

Refurbishment of the two-room bungalow, kitchen, bathroom and rear garden may be required, but no detailed condition survey or scope of works was supplied. Obtain a full inspection and contractor quotations.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten without supported GDV, refurbishment costs, achievable rent or refinance valuation evidence. The property is vacant and described as needing refurbishment.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate was supplied. Refurbishment costs and total acquisition costs are also incomplete.

Flip Analysis

A flip appraisal cannot be calculated because there are no sold comparables, supported GDV, refurbishment allowance or selling-cost allowance.

Investor Risks & Due Diligence

• Property is described as needing refurbishment, but the scope and cost are unknown.

• No completed sale comparables or supported GDV evidence were supplied.

• No sufficiently specific rental evidence was supplied, preventing yield analysis.

• Additional legal-pack disbursements and seller costs may become payable.

• EPC, council tax, heating and parking information were not supplied.

Recommendation

Do not bid on current evidence. First obtain the legal pack, inspection, refurbishment quotations, local valuation and rental evidence; then reassess against the £10,000+ guide and £1,800 administration charge.

Strategy Rating

Analysis Confidence

Only the basic property description, guide price and administration charge were supplied; there are no sold comparables, rental evidence, condition costs, EPC or detailed legal-cost figures.