2 Oak View, Blandford Forum, Dorset, DT11 7AS

Description

A two bedroom maisonette located in Blandford Forum, Dorset. The property is conveniently situated for the town centre and its range of local shops, amenities and services. The accommodation is approximately 110 square metres. Externally, the property benefits from parking and a separate enclosed garden area.

Accommodation

First floor: living room, kitchen/diner, bedroom and bathroom. Second floor: bedroom and en-suite shower room.

Location

Located in Blandford Forum, Dorset, conveniently situated for the town centre and its range of local shops, amenities and services.

Tenure / Property Information

Investment Analysis

The only sold evidence is for the same address at £157,000 in August 2012 and £155,000 in June 2005. These historic transactions do not establish a current market value or GDV. The £180,000 guide is above both recorded sales, but no current comparable evidence or formal valuation is supplied.

Investment Snapshot

Strategy Recommendation

Do not set an investment bid from the supplied evidence alone. Treat as a potential owner-occupier purchase only after confirming current value, condition, legal costs and achievable rent; the guide requires particular caution because it exceeds the historic same-address sales.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a survey and inspect the kitchen, bathrooms, finishes, services, garden and parking arrangements before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because no current GDV, refurbishment budget, finance terms or reliable passing/achieved rent is supplied. The known buyer premium and admin charge total £2,400, with possible additional special-condition charges. Refinance proceeds therefore cannot be calculated.

Buy-to-Let Analysis

The supplied Blandford Forum asking rents range from £544 to £1,050 pcm for two-bedroom properties. These are advertised rents rather than achieved rents and are not confirmed as directly comparable to this maisonette. On the £180,000 guide alone, the implied gross yield range is approximately 3.63% to 7.00%, before the £2,400 stated buyer premium and admin charge, finance, maintenance, voids, management and other possible auction costs. A reliable single-rent yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated because there is no current GDV, confirmed condition, refurbishment budget or supported selling-cost allowance. The historic same-address sales are insufficient evidence for a current resale value.

Investor Risks & Due Diligence

• Historic same-address sales are materially dated and do not establish current market value.

• The £180,000 guide exceeds the supplied historic sales evidence.

• Rental figures are advertised asking rents, not achieved or passing rents, and vary widely.

• No condition survey or refurbishment budget is supplied.

• The stated £2,400 buyer premium and admin charge are payable in addition to the purchase price.

• Special Conditions of Sale may introduce further legal, search, seller-cost, transfer or other disbursements.

• No occupancy or passing-tenancy information is supplied.

Recommendation

Do not set an investment bid from the supplied evidence alone. Treat as a potential owner-occupier purchase only after confirming current value, condition, legal costs and achievable rent; the guide requires particular caution because it exceeds the historic same-address sales.

Strategy Rating

Analysis Confidence

The property description, tenure, EPC, guide, known charges and historic same-address sales are supplied, but the sales are 14 and 21 years old. Current valuation, condition, works, achieved rent, occupancy, finance costs and full auction disbursements are unavailable.