22 Bottomfield Close, Oldham, Lancashire

Description

Vacant freehold semi-detached house by order of a Housing Association. Ground floor accommodation comprises a reception room and kitchen; first floor comprises two bedrooms and a bathroom. The property has a garden and driveway providing off-street parking. GIA approximately 55 sq m (592 sq ft), sourced from the EPC.

Accommodation

Ground floor: reception room, kitchen. First floor: two bedrooms, bathroom. Garden. Driveway providing off-street parking. GIA approximately 55 sq m (592 sq ft).

Location

Situated on the east side of Bottomfield Close. Shops and amenities are available to the south west within Spindles Town Square Shopping Centre. Oldham Central Station is approximately 1.1 miles to the south west. The A62 is readily accessible, providing access onto the M60 motorway. Stoneleigh Park is nearby.

Tenure / Property Information

Investment Analysis

The £115,000+ guide is the only supplied pricing evidence. No HM Land Registry completed-sale comparables or other valuation evidence were provided, so market value, GDV and a defensible maximum bid cannot be established. The property is vacant, freehold and approximately 592 sq ft, but condition and refurbishment requirements are not evidenced.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain completed-sale comparables, a rental assessment, a full survey and refurbishment quotations before considering a BTL, BRRR or flip strategy.

Works Required

No specific defects or refurbishment works are evidenced. Allow for inspection and obtain contractor quotations before bidding; only confirmed works should be included in the appraisal.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed without supported GDV, rent, refurbishment costs and known acquisition charges. Vacant possession may assist implementation, but the refinance value and cash requirement remain unquantified.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate were supplied. Yield cannot be calculated, and buyer, administration and other possible charges are not quantified.

Flip Analysis

A flip appraisal cannot be supported because there are no completed-sale comparables, GDV evidence, confirmed works costs or supported selling allowance. Any resale surplus would therefore be speculative.

Investor Risks & Due Diligence

• No completed-sale comparables are supplied, so market value and GDV are unverified.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rental income and yield cannot be established.

• Property condition and required works are not described, leaving refurbishment costs unknown.

• Buyer premium, administration charge and other possible third-party or seller charges are not quantified.

• The guide is stated as £115,000+, so the final purchase price may exceed the guide.

Recommendation

Do not bid on the supplied evidence alone. Obtain completed-sale comparables, a rental assessment, a full survey and refurbishment quotations before considering a BTL, BRRR or flip strategy.

Strategy Rating

Analysis Confidence

The guide price, accommodation, tenure, vacancy and approximate floor area are supplied, but there are no sold comparables, rental evidence, condition assessment, refurbishment costs or quantified buyer and seller charges.