21 Addison Road, Fleetwood, Lancashire, FY7 6UH

Description

A Vacant Two Bedroom Mid Terrace House in Need of Refurbishment.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Fleetwood Memorial Park are within easy reach. Transport links are provided by Layton rail station.

Tenure / Property Information

Investment Analysis

Five same-street terraced freehold sales range from £57,500 to £90,000, with an average of £71,500 and a median of £68,000. These provide useful location and property-type evidence, but the sold properties' condition, size and specification are not supplied. A base GDV of £71,500 is therefore an indicative comparable-based estimate only; £57,500 and £90,000 are used as low and high evidence-supported scenarios.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale or refinance opportunity, but only proceed conditionally after reviewing the legal pack, inspecting the property and obtaining firm refurbishment costs. Do not set a maximum bid until those costs and all purchaser charges are known.

Works Required

The property is described as needing refurbishment, but no detailed defects, specification or contractor pricing are supplied. Obtain a full inspection and quotations before bidding; the scope may include general refurbishment, but specific works cannot be confirmed from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £30,000+ guide, the property has a substantial apparent margin to the £71,500 comparable-based base GDV, before refurbishment, acquisition and finance costs. However, refurbishment costs, rental evidence and total project costs are unavailable, so refinance proceeds alone cannot demonstrate a viable BRRR outcome.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is available, so rent, gross yield and sustainable BTL performance cannot be established. The £1,800 administration charge is known, while other disbursements may apply under the legal pack.

Flip Analysis

The comparable-based base GDV is £71,500, with a supported sales range of £57,500 to £90,000. A flip surplus cannot be calculated because refurbishment costs, selling costs and any further acquisition disbursements are unknown. The £1,800 administration charge should be included in project budgeting.

Investor Risks & Due Diligence

• The property is explicitly described as needing refurbishment, but the extent and cost of works are unknown.

• Comparable sale prices range widely from £57,500 to £90,000, and differences in condition, size and specification are not provided.

• No sufficiently specific rental evidence is available, preventing reliable BTL yield analysis.

• The £1,800 administration charge is payable and further disbursements or special-condition charges may apply.

• The guide price is stated as £30,000+ and may increase at auction.

Recommendation

Potential refurbishment-led resale or refinance opportunity, but only proceed conditionally after reviewing the legal pack, inspecting the property and obtaining firm refurbishment costs. Do not set a maximum bid until those costs and all purchaser charges are known.

Strategy Rating

Analysis Confidence

The evidence includes five recent same-street completed sales and a clear guide price, but lacks property condition detail, floor area, rental evidence, refurbishment quotations and full purchaser costs.