2A Elderberry Close, Diggle, Saddleworth, OL3 5NQ

Description

A spacious, detached property which requires some modernisation and upgrading, offering excellent potential to add value.

Accommodation

Ground floor: entrance hall, guest WC, storeroom, utility room, playroom/study and integral garage. First floor: large lounge/diner with sliding doors to the rear garden, kitchen and bedroom five. Second floor: bedroom one with en-suite shower room, bedrooms two, three and four, and family bathroom.

Location

Elderberry Close can be located just off Lower Knoll Road and in turn Sunfield Close and Huddersfield Road in the popular Saddleworth village of Diggle. The property is ideally located for access to local amenities and neighbouring villages including Delph, Dobcross and Uppermill. It is within walking distance of Saddleworth School and has views over the Pennines and the edge of the Peak District National Park.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-address sale at £389,500 in March 2021. Other same-close detached sales range from £315,000 to £320,000 in 2015–2017. A £389,500 base GDV is a dated evidence benchmark, not a current formal valuation; modernisation requirements and market movement are unquantified.

Investment Snapshot

Strategy Recommendation

Proceed only subject to detailed legal-pack, lease and survey review, with a refurbishment specification and current valuation. Do not rely on the dated GDV benchmark without confirming costs.

Works Required

Modernisation and upgrading as described by the auctioneer. No detailed condition schedule or works specification is supplied, so scope and cost cannot be estimated reliably.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the £389,500 evidence benchmark would be approximately £292,125. Total project cost cannot be calculated because refurbishment costs, legal-pack disbursements and other purchase costs are not fully quantified.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is provided, so rent and gross yield cannot be established. The leasehold structure and associated lease costs also require legal review.

Flip Analysis

The March 2021 same-address sale provides a £389,500 resale benchmark, but the evidence is dated and the required modernisation scope is unknown. A reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Unknown refurbishment scope and cost.

• Dated comparable evidence may not represent current value.

• No sufficiently specific rental evidence is available.

• Leasehold terms and liabilities are not supplied.

• Buyer premium, admin charge and possible legal-pack disbursements increase acquisition cost.

• No reliable maximum bid or flip surplus can be calculated.

Recommendation

Proceed only subject to detailed legal-pack, lease and survey review, with a refurbishment specification and current valuation. Do not rely on the dated GDV benchmark without confirming costs.

Strategy Rating

Analysis Confidence

There is useful same-close sold-price evidence, including the same address, but it is dated; rental evidence, refurbishment costs, lease details and complete purchase costs are unavailable.