28b, High Street, WELLINGBOROUGH, Northamptonshire, NN8 4JZ

Description

Leasehold first floor studio flat By order of the mortgagees (not in possession) Location: The property is located on High Street (A5193). Shopping amenities are available locally within Wellingborough Town Centre and in Northampton Town Centre lying to the south west. Public transport links can be found at Wellingborough Train Station located to the east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A5193 and the A45 lying to the south. Recreational pursuits can be found locally. Accommodation: Studio flat with kitchen, bathroom/wc EPC Rating: To be confirmed. Council Tax Band: A Lease: Held on leases for a term of 125 years from 29/05/2008 at a ground rent of £TBC per annum. Note: The property is sold by the mortgagees not in possession. We are unable to confirm if the property is occupied and no keys will be provided upon the sale of the property.

Location

The property is located on High Street (A5193). Shopping amenities are available locally within Wellingborough Town Centre and in Northampton Town Centre lying to the south west. Public transport links can be found at Wellingborough Train Station located to the east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A5193 and the A45 lying to the south. Recreational pursuits can be found locally. Accommodation: Studio flat with kitchen, bathroom/wc

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆