3 Briscoe Street, Oldham, OL1 3RW

Description

A Terrace House requiring modernisation with accommodation arranged on Two Floors comprising: First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Shower Room/WC. Ground Floor: Entrance Porch, Living Room, Kitchen. Yard at Rear.

Accommodation

First floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Shower Room/WC. Ground floor: Entrance Porch, Living Room, Kitchen. Yard at Rear.

Location

Situated on Briscoe Street, close to the amenities available in Oldham Town Centre. Alexandra Park is also nearby.

Tenure / Property Information

Investment Analysis

Same-street Land Registry evidence includes a £105,000 sale on 3 March 2026, £110,000 on 11 August 2023 and £120,000 on 2 December 2022. These provide useful local benchmarks, but the comparable condition and specifications are not supplied. The subject requires modernisation, so the GDV estimate is indicative rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally after inspecting the property, confirming the modernisation budget and reviewing the special conditions. Do not rely on a BTL case until rent evidence is obtained; acquisition should remain price-disciplined against the uncertain works and resale margin.

Works Required

Modernisation of the house, with the precise scope and cost to be confirmed by inspection and contractor quotations. The supplied evidence identifies a kitchen, shower room/WC and three bedrooms but does not evidence specific defects or required replacement items.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential purchase-refurbish-refinance case exists because the property is vacant and the lease has approximately 862 years unexpired. At the indicative £105,000 base GDV, 75% refinance is £78,750, but total project cost and cash left in cannot be calculated without a refurbishment allowance and all completion costs.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Modernisation costs, seller-charged completion fees and any finance costs are also unknown.

Flip Analysis

A resale case may exist against the supplied same-street sales, with an indicative base GDV of £105,000 and a £100,000-£110,000 evidence-based range. Profit cannot be calculated because refurbishment costs, selling costs and any seller-charged fees are not supplied.

Investor Risks & Due Diligence

• The property requires modernisation, but no quantified refurbishment scope or cost is supplied.

• No sufficiently specific rental evidence is available, so rental yield and BTL viability cannot be established.

• The seller may charge additional completion fees under the special conditions, but the amount is not supplied.

• The guide price is not a guaranteed purchase price and the eventual auction price may be higher.

• The comparable sales do not include sufficient condition or specification detail to confirm direct comparability.

Recommendation

Proceed only conditionally after inspecting the property, confirming the modernisation budget and reviewing the special conditions. Do not rely on a BTL case until rent evidence is obtained; acquisition should remain price-disciplined against the uncertain works and resale margin.

Strategy Rating

Analysis Confidence

The analysis has recent same-street completed-sale evidence and clear tenure and occupancy information, but lacks condition-specific comparables, refurbishment costs, rental evidence, selling costs and potentially applicable seller fees.