23-25, Corby Road, CORBY, Northamptonshire, NN17 3HS

Description

The sale of 2 properties offering huge potential, and an opportunity to increase the value. We are led to believe that the property was built as 2 dwellings and each property has their own external access and internal staircases. Currently, there isn’t any internal access from No.23 to No.25 but there may be scope to conduct a scheme of works to incorporate both properties into one dwelling if desired, subject to necessary permissions and consents. The accommodation of No.23 currently comprises, a living room, dining room, kitchen/diner, three bedrooms, a bathroom and two attic rooms. No.25 comprises, a kitchen, living room, bedroom and an attic room. There are lawned gardens to the front and rear of the property, as well as a garage and a driveway to the rear of the property. Offered for sale with vacant possession.

Accommodation

No.23: Ground Floor—living room, dining room, kitchen/diner; First Floor—three bedrooms, a bathroom; Second floor—two attic rooms. No.25: Ground floor—kitchen/diner, living room; First floor—bedroom; Second floor—attic room. External—lawned gardens to the front and rear of the property, a garage and a driveway to the rear.

Location

Weldon is a village situated on the outskirts of Corby and has its own amenities including a pub, convenience store, village hall and a cricket club.

Tenure / Property Information

Investment Analysis

The evidence does not support a reliable GDV. The subject comprises two properties on one title, while the exact-address comparable at No.23 sold for £236,000 and other nearby sales range from £285,000 to £340,000, but those comparables differ in description and/or configuration. No floor areas, condition, EPC, or separate value evidence for No.25 is supplied. The £160,000 guide is not a valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the title, special conditions, planning/building-control position and a full inspection. With the supplied evidence, do not rely on a BTL, BRRR or flip appraisal and set no evidence-based maximum bid.

Works Required

Obtain legal and planning advice on the two-dwelling arrangement and any proposed internal connection. Inspect both properties, attic rooms, garage, gardens, heating and services before bidding. Any physical refurbishment scope remains unquantified because the condition evidence is insufficient.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be reliably completed without a supported GDV, refurbishment budget, rent evidence, floor areas and finance assumptions. The two-dwelling configuration and potential internal-connection scheme require legal, planning and building-control review before relying on any refinance value.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate are provided. The two properties may offer separate letting potential, but rent, operating costs, licensing requirements and condition are unverified.

Flip Analysis

A flip surplus cannot be calculated. The available £236,000 sale for No.23 is relevant but does not establish the value of both properties together, and no refurbishment or selling-cost allowance is supported.

Investor Risks & Due Diligence

• Two properties are held on one title, creating legal, lending and resale uncertainty.

• The proposed internal connection is subject to necessary permissions and consents.

• No.23 and No.25 may have different values, but no separate valuation evidence is supplied.

• Property condition, floor areas, EPC and heating information are unavailable.

• No reliable rental evidence is provided, so rental yield cannot be established.

• The seller may charge additional completion fees under the special conditions.

• Six-week completion may restrict investigation, finance and conveyancing time.

Recommendation

Proceed only after reviewing the title, special conditions, planning/building-control position and a full inspection. With the supplied evidence, do not rely on a BTL, BRRR or flip appraisal and set no evidence-based maximum bid.

Strategy Rating

Analysis Confidence

There are several local sold comparables and a known guide price, but critical information is missing on condition, floor area, EPC, heating, rents, planning status, the separate value of No.25, refurbishment costs and seller fees.