2A Fambridge Close, Maldon, Essex CM9 6DJ

Description

A three bedroom semi detached house in need of modernisation situated in a popular area of Maldon. A semi-detached house requiring renovation, with a dual-aspect living room, separate kitchen opening onto the rear garden, and front and rear gardens.

Accommodation

Ground Floor: Entrance Hall; Kitchen (11'5" x 11'1") with door leading to garden; Living Room (18'4" x 12'8"). First Floor: Landing; Bedroom (8'11" x 7'4"); Bedroom (12'9" x 10'8"); Bedroom (10'10" x 10'8"); Bathroom (7'4" x 6'2"); Cupboard.

Location

Situated in an established residential area of Maldon, the property is close to local amenities and schools, approximately half a mile from Maldon High Street. Hatfield Peverel station provides rail links to London Liverpool Street.

Tenure / Property Information

Investment Analysis

Current market value/GDV cannot be reliably established from the supplied evidence. The only sold comparables are sales of this same property in 1996 and 1997, so they are not suitable evidence of current value. The £240,000 guide is not a formal valuation. Rental evidence ranges from £895 to £1,576 pcm, but both listings are advertised asking rents in different locations and neither is confirmed as achieved rent for this property.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain an independent current valuation, detailed refurbishment quotation and verified local rental evidence before considering a BTL, BRRR or flip strategy.

Works Required

Modernisation and renovation of the three-bedroom semi-detached house, including review and upgrading of the kitchen, bathroom, finishes and EPC-related condition where required. The supplied evidence does not support a quantified scope or cost allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR viability cannot be established because there is no supported current GDV, refurbishment budget or refinance valuation. The known buyer premium and admin charge total £2,400, with any legal-pack disbursements additional. Do not proceed without a current valuation and detailed works assessment.

Buy-to-Let Analysis

Indicative advertised rent evidence is £895–£1,576 pcm, equivalent to £10,740–£18,912 annually. Against the £240,000 guide alone, this implies a broad gross yield range of approximately 4.48%–7.88%, before refurbishment, fees, finance, voids and operating costs. The rental evidence is not directly comparable enough to establish a reliable achieved rent.

Flip Analysis

A flip surplus cannot be calculated because current resale value/GDV, refurbishment cost and selling costs are unsupported. The property is described as requiring renovation, while the £240,000 guide is not evidence of resale value.

Investor Risks & Due Diligence

• Current GDV cannot be supported by the supplied evidence.

• The property requires renovation, but no quantified refurbishment scope or budget is provided.

• EPC rating is E, with no detailed energy-efficiency or condition assessment supplied.

• Rental figures are advertised asking rents from different locations and may not represent achievable rent for this property.

• Buyer premium and admin charge total £2,400, with possible additional legal-pack disbursements.

• The £240,000 auction guide is not a formal valuation and may not reflect market value.

Recommendation

Do not bid on the supplied evidence alone. Obtain an independent current valuation, detailed refurbishment quotation and verified local rental evidence before considering a BTL, BRRR or flip strategy.

Strategy Rating

Analysis Confidence

The property description, tenure, guide, known auction charges and limited rental evidence are supplied, but current comparable sales, quantified works, achieved rent, GDV and legal-pack disbursements are unavailable.