21 Little Park, Droitwich, Worcestershire, WR9 8SP

Description

A Vacant Three Bedroom End of Terrace House in Need of Refurbishment. The property comprises a three bedroom end terrace house arranged over ground and first floors. By Order of the Executors.

Accommodation

Ground Floor: Reception Room, Kitchen, Utility Room. First Floor: Three Bedrooms, Bathroom. Exterior: The property benefits from both front and rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Droitwich Community Woods are within easy reach. Transport links are provided by Droitwich Spa rail station.

Tenure / Property Information

Investment Analysis

The available completed-sale evidence on Little Park ranges from £152,500 to £207,500. The most recent supplied sale is 6 Little Park at £165,000 on 12 December 2024. A base GDV of £165,000 is used as an indicative scenario, with £152,500 as a low scenario and £207,500 as a high scenario. The comparables do not provide bedroom count, floor area, condition or specification, so this is not a formal valuation and the range is wide.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection and legal-pack review. Obtain a priced refurbishment schedule and local rental evidence before setting a bid; do not rely on the guide price or the indicative GDV alone.

Works Required

The property is described as being in need of refurbishment. Works should be established by inspection and the legal pack; no specific defects, systems, finishes or statutory issues are evidenced, so no reliable cost allowance can be calculated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £165,000 base GDV, 75% refinance proceeds would be £123,750. Cash required cannot be calculated because the refurbishment budget, buyer premium and other applicable costs are unknown. The strategy therefore requires inspection, a detailed works schedule and confirmed rent before bidding.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs, buyer premium and other possible legal or auction charges are also unresolved.

Flip Analysis

A flip appraisal cannot be reliably calculated because refurbishment costs and any supported selling allowance are unavailable. The £152,500–£207,500 completed-sale range provides only an indicative resale-value framework and does not establish a project surplus.

Investor Risks & Due Diligence

• Refurbishment is confirmed but its scope and cost are unknown.

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

• Buyer premium and other possible auction, legal and disbursement charges are not quantified.

• The comparable sales lack bedroom, size, specification and condition details, creating valuation uncertainty.

• The property is vacant and no evidence is supplied regarding heating, parking, EPC, council tax or services.

Recommendation

Proceed only subject to inspection and legal-pack review. Obtain a priced refurbishment schedule and local rental evidence before setting a bid; do not rely on the guide price or the indicative GDV alone.

Strategy Rating

Analysis Confidence

The property type, tenure, vacancy, refurbishment requirement, guide, admin charge and several same-road completed sales are supplied, but there is no floor area, condition detail, EPC, rental evidence, refurbishment budget or complete fee schedule.