24 St. Anthonys Road, Preston

Description

A Terrace House arranged to provide Five Letting Rooms with accommodation arranged on Two Floors.

Accommodation

First Floor: Four Rooms. Ground Floor: Entrance Hall, One Room, Kitchen/Diner, Bathroom/WC, WC. Yard at Rear.

Location

Situated off St George’s Road, close to the amenities available in Preston City Centre and travelling facilities including Preston Train Station. Moor Park is also nearby.

Tenure / Property Information

Investment Analysis

The £30,000+ guide is not evidence of market value. No HM Land Registry completed sales or sufficiently specific valuation comparables were supplied, so GDV and a supported maximum bid cannot be established. The property is described as a freehold terrace house arranged as five letting rooms over two floors, with vacant possession. The £1,500 inclusive-of-VAT buyer premium applies at the stated guide level; additional seller fees may also apply under the special conditions.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Proceed only after inspection, review of the special conditions, confirmation of any additional seller fees, and independent assessment of value, works, legal use and achievable rent.

Works Required

No specific defects or required works are evidenced. Obtain a viewing and survey, and verify the condition, safety requirements and legal status of the five-room arrangement before budgeting works.

Rental & Market Context

Potential BRRR Position

BRRR cannot be modelled because there is no supported GDV, refurbishment budget or rent. Before bidding, confirm the property’s condition, legal use, room arrangement, rental demand and refinance valuation prospects.

Buy-to-Let Analysis

BTL performance cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate was supplied. The five letting rooms may be relevant to the intended letting strategy, but no supported rent, operating costs or compliance position is available.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale comparables, GDV or supported refurbishment costs were supplied. The guide price alone is insufficient to establish resale viability.

Investor Risks & Due Diligence

• No completed-sale evidence is supplied to support the guide price or GDV.

• No sufficiently specific rental evidence or passing rent is available, preventing yield analysis.

• The property is arranged as five letting rooms, but legal use, licensing and compliance status are not evidenced.

• No condition or refurbishment information is supplied, so total project cost is unknown.

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

• The buyer must pay the buyer’s fee and the balance of the 10% deposit, subject to a minimum deposit of £5,000, within 24 hours of the auction date.

Recommendation

Do not bid on the current evidence. Proceed only after inspection, review of the special conditions, confirmation of any additional seller fees, and independent assessment of value, works, legal use and achievable rent.

Strategy Rating

Analysis Confidence

Basic property, tenure, occupancy and auction-cost information is supplied, but there are no completed comparables, rental evidence, condition details, refurbishment costs, GDV or confirmed additional fees.