25 Severn Crescent, Stanley

Description

Situated on Severn Crescent, close to the amenities available in Stanley Town Centre. Oakey Park is also nearby. A semi-detached house requiring modernisation.

Accommodation

Two floors comprising: First Floor – Bedroom (One), Bedroom (Two), Bedroom (Three), Shower Room, Separate WC. Ground Floor – Entrance Hall, Living Room, Dining Room, Kitchen.

Location

Situated on Severn Crescent, close to the amenities available in Stanley Town Centre. Oakey Park is also nearby.

Tenure / Property Information

Investment Analysis

The only supplied comparable is 28 Severn Crescent, a freehold semi-detached property sold for £34,000 on 17 October 2018. It is relevant by street, property type and tenure, but is dated and no current comparable evidence or formal valuation is supplied. £34,000 is therefore used only as an indicative base GDV, not a current valuation. The guide plus the known £1,500 buyer premium is £21,500 before works and any seller fees.

Investment Snapshot

Strategy Recommendation

Proceed only with full inspection, special-condition review and a tightly controlled bid. Do not rely on a BTL or flip strategy until current value, works cost and rent are independently evidenced.

Works Required

Modernisation is required, but the evidence gives no detailed condition schedule or quantified scope. Obtain a survey and price only evidenced works; the description supports allowing for general modernisation, with no specific structural, services or decorative defects confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the dated comparable as an indicative £34,000 base GDV, 75% refinancing would equate to £25,500. However, refurbishment cost, total project cost, finance costs and achievable rent are unsupported, so cash left in and BRRR viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant, so there is no passing rent. Modernisation costs and total project cost are also unknown.

Flip Analysis

A potential resale comparison exists at £34,000, but it is from 2018 and no current valuation, works budget or selling allowance is supplied. A reliable flip surplus and maximum bid therefore cannot be calculated. The known guide plus buyer premium is £21,500 before works and other possible fees.

Investor Risks & Due Diligence

• The property requires modernisation, but the scope and cost of works are unknown.

• The only comparable sale is dated 17 October 2018, limiting confidence in the indicative £34,000 GDV.

• No sufficiently specific rental evidence is available, so rental income and yield cannot be established.

• EPC is listed as TBC.

• The seller may charge additional completion fees under the special conditions, but the amount is unknown.

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

Recommendation

Proceed only with full inspection, special-condition review and a tightly controlled bid. Do not rely on a BTL or flip strategy until current value, works cost and rent are independently evidenced.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, guide, buyer premium and one same-street completed sale are supplied, but the comparable is dated and there is no rental evidence, refurbishment budget, current valuation, EPC result or quantified seller fees.