22 George Street, Leominster, Herefordshire

Description

Vacant freehold semi-detached house by order of a Housing Association. The property has front and rear gardens and a GIA of approximately 64.47 sq m (694 sq ft). The Vendor has informed us that the property is of PRC Construction (Precast Reinforced Concrete).

Accommodation

Ground floor: reception room and kitchen. First floor: two bedrooms and bathroom. Front and rear gardens.

Location

Located on the south side of George Street. There is a range of shops and amenities to the north in Leominster town centre. Leominster rail station is approximately 0.8 miles to the north east. The A49 is to the east and Queenswood Arboretum is to the south.

Tenure / Property Information

Investment Analysis

The supplied comparables are same-street freehold semi-detached sales ranging from £150,000 in 2023 to £185,000 in January 2026. A provisional base GDV of £167,500 is used, with a low scenario of £150,000 and high scenario of £185,000. This is highly indicative because the comparables' sizes and condition are not supplied, while this property is approximately 694 sq ft and is reported as PRC construction. Specialist PRC implications, mortgageability and condition could materially affect value.

Investment Snapshot

Strategy Recommendation

Proceed only subject to specialist PRC due diligence, confirmed mortgageability/insurability and a fully costed inspection. Do not bid on the guide alone; BTL and flip strategies remain unverified.

Works Required

Obtain a specialist PRC construction assessment and confirm mortgageability, insurance and resale requirements. Any repair, remedial or refurbishment works should be specified and priced only after inspection; the supplied evidence does not identify particular defects or provide a works budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £116,500 guide, the provisional 75% refinance figure on the £167,500 base GDV is £125,625. However, refurbishment costs, acquisition charges, finance costs and lender acceptance of the PRC construction are unknown, so cash required and refinance surplus cannot be calculated reliably.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The PRC construction may also affect lender, insurance and tenantability requirements and must be investigated.

Flip Analysis

A provisional resale value range of £150,000 to £185,000 is supported by the supplied same-street sales, but no reliable flip surplus can be calculated because works, selling costs, acquisition charges and PRC-related requirements are unknown.

Investor Risks & Due Diligence

• PRC construction may restrict mortgage availability, insurance and resaleability.

• No condition survey or priced refurbishment scope is supplied.

• No rental evidence is available, so BTL income and yield cannot be assessed.

• Buyer premium, administration charges and other potential fees are unspecified.

• Comparable sale sizes and condition are not provided, limiting GDV accuracy.

Recommendation

Proceed only subject to specialist PRC due diligence, confirmed mortgageability/insurability and a fully costed inspection. Do not bid on the guide alone; BTL and flip strategies remain unverified.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales and a stated guide price, but the subject's condition, comparable sizes, PRC implications, rent, works costs, fees and financeability are not supplied.