28 Thurnham Road, Ashton-on-Ribble, Preston

Description

A Double Fronted End of Terrace House requiring modernisation with accommodation arranged on Two Floors comprising: First Floor: Three Rooms, Bathroom, Separate WC. Ground Floor: Entrance Hall, Living Room, Kitchen, One Room. Front Garden. Garden at Rear.

Accommodation

First Floor: Three Rooms, Bathroom, Separate WC. Ground Floor: Entrance Hall, Living Room, Kitchen, One Room. Front Garden. Garden at Rear.

Location

Situated off Larches Lane, close to the amenities available in Preston City Centre and travelling facilities including Preston Train Station. Ashton Park is also nearby.

Tenure / Property Information

Investment Analysis

Sold comparables on Thurnham Road range from £88,500 to £132,500. A base GDV of £110,000 is used as a midpoint estimate, with the low and high scenarios reflecting the supplied comparable range. The property requires modernisation, but its bedroom configuration and detailed condition are not confirmed, limiting valuation confidence.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, confirmation of the bedroom layout and detailed refurbishment quotations. The guide price appears below the supplied comparable range, but the unknown works cost prevents a reliable bid or strategy decision.

Works Required

Modernisation is required, but the evidence does not specify individual defects or provide a refurbishment budget. Obtain a full inspection and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A base GDV of £110,000 implies a 75% refinance figure of £82,500. However, refurbishment costs, total project cost and the subject's achievable rent are unsupported, so cash required and refinance equity cannot be calculated reliably.

Buy-to-Let Analysis

The supplied advertised rents are £950 pcm for a three-bedroom terraced house and £1,325 pcm for a four-bedroom house. The subject's bedroom count is not stated, so an applicable rent and gross yield cannot be established. The advertised figures are asking rents rather than achieved rents.

Flip Analysis

The comparable evidence supports a broad resale range of £88,500 to £132,500, with a base GDV of £110,000. A flip surplus cannot be calculated because refurbishment costs, selling costs and the property's post-works condition are not evidenced.

Investor Risks & Due Diligence

• Unknown refurbishment scope and cost despite the requirement for modernisation.

• Bedroom configuration is not stated, creating uncertainty over market value and achievable rent.

• Rental evidence consists of advertised asking rents, not achieved rents.

• Additional seller fees may apply under the special conditions of sale.

• The property must be completed quickly with the 10% deposit subject to a minimum of £5,000 and the £1,500 buyer premium payable within 24 hours.

Recommendation

Proceed only after inspection, confirmation of the bedroom layout and detailed refurbishment quotations. The guide price appears below the supplied comparable range, but the unknown works cost prevents a reliable bid or strategy decision.

Strategy Rating

Analysis Confidence

There are several relevant same-road completed sales and two rental asking-rent examples, but the bedroom count, detailed condition, refurbishment cost, selling costs and applicable rent are not confirmed.