2 Edenbrook Cottages, Crag Bank Lane, Carnforth, Lancashire LA5 9JA

Description

Vacant three bedroom semi-detached cottage within a much sought after location of Crag Bank near Carnforth. The accommodation comprises a kitchen, lounge with open fireplace, ground floor wet room and double bedroom. To the first floor there are two further bedrooms and a shower room. Externally there is a rear garden with stunning views of the local countryside and a driveway for off-road parking.

Accommodation

Kitchen, lounge with open fireplace, ground floor wet room and double bedroom; first floor with two further bedrooms and a shower room.

Location

Crag Bank near Carnforth, within a much sought after location, with views of the local countryside.

Tenure / Property Information

Investment Analysis

The guide is £185,000. Evidence includes one same-address semi-detached sale at £185,000 in 2008, but this is dated. Other local comparables are detached or materially different and therefore do not support a reliable current GDV. A formal market value cannot be established from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Do not commit above the guide without a survey, legal-pack review, current local valuation, rental evidence and a fully costed works schedule.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a survey and review the legal pack; assess the EPC E rating and the kitchen, bathrooms, heating and general condition before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be assessed reliably without supported GDV, refurbishment costs, achievable rent and finance assumptions. The known purchase-related charges at the £185,000 guide are £1,200 buyer premium plus £5,087.50 administration charge, before any disbursements or other costs.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, so there is no passing rent to assess.

Flip Analysis

A flip appraisal cannot be supported because current GDV, refurbishment costs and selling costs are unavailable. The 2008 same-address sale is too dated to establish a current resale value.

Investor Risks & Due Diligence

• Current market value is not established by the supplied dated and limited comparables.

• No sufficiently specific rental evidence is available.

• Property condition and refurbishment requirements are unknown.

• The EPC is rated E.

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

• Buyer premium and administration charge are payable on exchange of contracts.

Recommendation

Do not commit above the guide without a survey, legal-pack review, current local valuation, rental evidence and a fully costed works schedule.

Strategy Rating

Analysis Confidence

The evidence confirms the property description, tenure, vacancy and guide charges, but lacks current comparable sales, rental evidence, condition detail, refurbishment costs and a GDV.