260 Torogay Street, Glasgow, Lanarkshire, G22 7DS

Description

Three bedroom mid terraced house. The property is described as a superb opportunity close to amenities and transport links. The home report suggests the property will require some modernisation, but upon completion of works would make a fantastic home. No viewings will be available. There is no information regarding the tenancy.

Accommodation

Ground floor: entrance hallway, lounge, dining room and kitchen. First floor: three bedrooms and a bathroom. Gardens to the front and rear.

Location

Torogay Street, Milton, Glasgow, close to amenities and transport links.

Tenure / Property Information

Investment Analysis

The £110,000 guide is the only supplied purchase valuation evidence. No HM Land Registry comparables, home report valuation, GDV evidence or quantified refurbishment budget is provided, so market value, resale value and a maximum bid cannot be established reliably. The 3.6% buyer/admin charge would be £3,960 at the guide price, before works and any additional legal, search, transfer or seller-cost charges.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Obtain and review the legal pack, tenancy documentation, home report and all additional charges, and only proceed after confirming condition and a supported local valuation.

Works Required

Modernisation is indicated by the description, but no specific defects or scope are supplied. Allowance would need to cover only works confirmed by the home report, legal pack and inspection; no viewing is available.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable because GDV, refurbishment cost, tenancy position and refinance value are unknown. The 75% refinance calculation cannot be completed without an evidence-supported GDV. The buyer/admin charge alone is £3,960 at the guide price, with further charges possible.

Buy-to-Let Analysis

BTL viability cannot be established reliably. The only rental evidence is a £1,700 pcm advertised asking rent for three-bedroom houses in North Lanarkshire, not an achieved rent or a property-specific Glasgow comparable. There is no information on the passing rent, tenancy terms, arrears, deposit or possession prospects. The property is sold with a tenant in situ and without possession.

Flip Analysis

A flip assessment cannot be completed because there are no completed comparables, GDV, quantified works budget or supported selling-cost allowance. The absence of viewings materially limits condition and resale assessment.

Investor Risks & Due Diligence

• Tenant in situ and sold without possession, with no tenancy information supplied.

• No viewings are available, limiting assessment of condition and occupancy risk.

• Modernisation is required, but the scope and cost are unknown.

• No completed comparable sales or formal valuation evidence are supplied.

• Additional search, legal, transfer and seller-cost charges may apply.

• The available £1,700 pcm rental evidence is an advertised asking rent for North Lanarkshire rather than an achieved, property-specific Glasgow rent.

Recommendation

Do not bid on current evidence. Obtain and review the legal pack, tenancy documentation, home report and all additional charges, and only proceed after confirming condition and a supported local valuation.

Strategy Rating

Analysis Confidence

The guide price, property description, tenure, occupancy and admin charge are supplied, but there are no completed comparables, quantified works, tenancy details, passing rent, valuation or viewing access.