2 Windsor Street, Colne, Lancashire

Description

Three Bedroom End Terrace House. The property comprises of lounge, kitchen/diner, three bedrooms and a bathroom. Externally a path leads to a low maintenance garden at the rear. Located close to shops, schools and well placed for transport links.

Accommodation

Lounge, kitchen/diner, three bedrooms and a bathroom.

Location

Close to shops and schools, and well placed for transport links.

Tenure / Property Information

Investment Analysis

The only completed sale supplied is the same address at £77,000 on 6 April 2022. This supports a historical value benchmark, but does not establish a current GDV. No current valuation evidence, condition assessment or comparable range is supplied.

Investment Snapshot

Strategy Recommendation

Consider BTL only subject to inspection, verified achievable rent, legal-pack review and confirmation of all fees. Do not rely on the historical sale as a current GDV or pursue a flip without current valuation and works evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect the property, EPC recommendations and legal pack before budgeting; no works allowance is included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the £77,000 historical comparable benchmark would be £57,750. This is below the £65,000 guide before the £3,600 minimum admin charge and any other costs, so the refinance outcome is cash-intensive on the supplied evidence. Current GDV and finance terms remain unverified.

Buy-to-Let Analysis

Advertised asking rents of £760–£850 pcm imply gross yields of approximately 14.03%–15.69% against the £65,000 guide. The midpoint asking rent gives £9,660 annual rent and a 14.86% guide-price yield. These are not achieved rents, and total-cost yield cannot be established because refurbishment, additional auction costs and other ownership costs are unknown.

Flip Analysis

The £77,000 same-property sale provides a historical resale benchmark, but there is insufficient evidence for current GDV, refurbishment cost, selling costs or a reliable flip surplus. A flip should not be underwritten from the supplied data alone.

Investor Risks & Due Diligence

• The sole comparable is the same property but dates from April 2022 and may not represent current value.

• Rental figures are advertised asking rents rather than achieved or passing rents.

• Ground rent is to be confirmed under the leasehold title.

• The £3,600 minimum admin charge applies at the guide price, with further possible legal, search, seller-cost, transfer and disbursement charges.

• Property condition, heating, parking and refurbishment requirements are not evidenced.

• A 75% refinance of the £77,000 historical benchmark is below the guide price before fees.

Recommendation

Consider BTL only subject to inspection, verified achievable rent, legal-pack review and confirmation of all fees. Do not rely on the historical sale as a current GDV or pursue a flip without current valuation and works evidence.

Strategy Rating

Analysis Confidence

The guide, one completed same-property sale, lease details and advertised rent range are supplied, but current valuation, condition, refurbishment costs, achieved rent, ground rent and several purchase costs are unavailable.