29 South Avenue, Sittingbourne, Kent

Description

A three bedroom semi-detached house to the south of the town centre. The property requires upgrading and redecoration.

Accommodation

Ground Floor: Entrance Hall, reception room, kitchen, shower/wet room. First Floor: 3 bedrooms. Exterior: Off street parking, front & rear gardens.

Location

To the south of the town centre.

Tenure / Property Information

Investment Analysis

Same-street HM Land Registry evidence comprises semi-detached freehold sales from £188,000 to £325,000, with the most recent sale at £290,000 on 5 March 2026. The subject is also a three-bedroom semi-detached freehold house, but its required upgrading and redecoration and the unknown condition of the comparables prevent a precise valuation. A base GDV of £290,000 is used, with £230,000 as a conservative lower scenario based on the 2018 sale and £325,000 as an upper evidence point based on the 2023 sale.

Investment Snapshot

Strategy Recommendation

Proceed only subject to confirming the full legal pack, condition and refurbishment scope. The guide price appears materially below the latest same-street sale, but the missing works and rental evidence make a firm investment strategy premature.

Works Required

Upgrading and redecoration as described by the auctioneer. The evidence does not identify specific defective elements or support a quantified works budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A base GDV of £290,000 implies a theoretical 75% refinance amount of £217,500. However, refurbishment costs, total acquisition costs, finance costs and achievable rent are unsupported, so cash left in and BRRR viability cannot be calculated.

Buy-to-Let Analysis

BTL appraisal cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield and rental coverage therefore cannot be established. The £1,500 inclusive-of-VAT contract administration charge is payable in addition to the purchase price, with other possible costs subject to the sale conditions.

Flip Analysis

The sold evidence indicates a broad potential resale range of £230,000 to £325,000, but the subject requires upgrading and no works budget or selling-cost allowance is supplied. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not quantified beyond upgrading and redecoration.

• No sufficiently specific rental evidence is available, so BTL yield cannot be assessed.

• The comparable sales vary materially in price and date, and their condition is not supplied.

• A £1,500 inclusive-of-VAT contract administration charge is payable on exchange in addition to the purchase price.

• Additional fees, costs or disbursements may apply under the special and general conditions of sale.

Recommendation

Proceed only subject to confirming the full legal pack, condition and refurbishment scope. The guide price appears materially below the latest same-street sale, but the missing works and rental evidence make a firm investment strategy premature.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence and clear tenure/type information, but no quantified refurbishment scope, rental evidence, condition survey, buyer premium or complete cost schedule.