29 St. Peters Place, Fleetwood, Lancashire

Description

Four Bedroom Mid Terrace House. The property comprises of hallway, lounge, dining room, kitchen/diner, four bedrooms, (master with ensuite), bathroom and basement. There are gardens front and rear and on street parking. The property is located in a picturesque town square opposite a church and well placed for shops, schools and transport links.

Accommodation

Hallway, lounge, dining room, kitchen/diner, four bedrooms including master bedroom with ensuite, bathroom and basement.

Location

Located in a picturesque town square opposite a church and well placed for shops, schools and transport links.

Tenure / Property Information

Investment Analysis

The £175,000 guide is broadly consistent with the only supplied same-street comparable at £175,000, completed in 2014. Other same-street sales range from £81,500 to £150,000 but are from 2002–2004. These comparables are too dated to establish a current GDV. No condition, EPC, heating or current rental evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. First verify current value, condition, rent, legal-pack disbursements and total auction costs.

Works Required

No specific works are evidenced. Obtain a full inspection and legal-pack review before budgeting for works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be assessed reliably without a current GDV, refurbishment budget and market rent. The 999-year lease is long, but legal-pack terms and disbursements remain to be checked.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and cash flow are therefore unsupported.

Flip Analysis

A flip surplus cannot be calculated because current resale value, works cost and selling costs are unsupported. The supplied sales evidence is materially dated.

Investor Risks & Due Diligence

• Current market value cannot be established from the dated comparable evidence.

• No rental evidence is available, preventing yield and cash-flow assessment.

• Property condition and refurbishment requirements are unknown.

• Legal-pack disbursements and other special-condition costs may be payable.

• The property is leasehold, so title and lease terms should be reviewed despite the stated long term.

• On-street parking only is stated.

Recommendation

Do not bid on the supplied evidence alone. First verify current value, condition, rent, legal-pack disbursements and total auction costs.

Strategy Rating

Analysis Confidence

Current valuation, condition, refurbishment costs, rent, EPC, heating and legal-pack disbursements are not supplied; comparable sales are dated.