2 Poolside, Millom, Cumbria

Description

Freehold end terrace house arranged over ground and first floors.

Accommodation

First floor: Three bedrooms, landing. Ground floor: Reception room, kitchen, shower room/WC. Outside: Front and rear garden. Gross Internal Area GIA approximately 85 sq m (914 sq ft).

Location

The property is situated on Poolside between its junctions with Main Street and Willowside Park within the coastal village of Haverigg. Public transport links include Millom mainline rail station and local bus services. Road links include the A5093 and A595. Shopping amenities are available locally within Haverigg Village Centre and in Millom Town Centre. Recreational pursuits include Haverigg Beach.

Tenure / Property Information

Investment Analysis

The guide is £60,000, with a known £1,800 inclusive-VAT contract documentation fee. Supplied Land Registry comparables on Poolside range from £57,000 to £225,000, including this property at £57,000 in 2023. However, the comparables do not provide floor area, condition, improvements or sale context, so a reliable current GDV or valuation range cannot be established from the evidence alone. No rental comparable or auctioneer rent estimate is supplied.

Investment Snapshot

Strategy Recommendation

Do not set a bid or strategy from the supplied evidence alone. Proceed only after reviewing the legal pack, inspecting the vacant house, confirming all completion fees and obtaining local rental and condition-based valuation evidence.

Works Required

No specific defects or required works are evidenced. Obtain a full inspection and confirm heating, parking, services, statutory compliance and the special conditions before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR appraisal cannot be completed reliably because current value, refurbishment cost, achievable rent and refinance value are unsupported. The known minimum acquisition-related cost is the £1,800 documentation fee in addition to the purchase price, with possible further seller fees under the special conditions.

Buy-to-Let Analysis

BTL appraisal cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Operating costs, financing, taxation and any required works are also unavailable.

Flip Analysis

A flip appraisal cannot be established. Although Poolside completed sales range from £57,000 to £225,000, the evidence does not show whether those properties match this 85 sq m house in condition, specification or improvements. Works, resale costs and a supported GDV are unavailable.

Investor Risks & Due Diligence

• Property condition and required works are not supplied.

• No sufficiently specific rental evidence is available.

• Parking and heating details require confirmation.

• Council tax is stated as deleted/TBC.

• Additional seller fees may be payable under the special conditions of sale.

• The supplied sales range is wide and lacks condition, size and specification details.

Recommendation

Do not set a bid or strategy from the supplied evidence alone. Proceed only after reviewing the legal pack, inspecting the vacant house, confirming all completion fees and obtaining local rental and condition-based valuation evidence.

Strategy Rating

Analysis Confidence

Basic property, tenure, vacancy, guide and one known fee are supplied, but condition, rent, works, parking, heating, council tax status, seller fees and comparable-property specifications are incomplete.