3 Thornbarrow Close, Thornbarrow Road, Windermere, Cumbria LA23 2EW

Description

Two bedroom apartment on the first floor of a block of four. The property is located in the beautiful town of Windermere, in the heart of The Lake District National Park, just a short walk from Windermere village. The property also boasts attic space, two shower rooms and a private garage to the rear.

Accommodation

Ground Floor: Communal Entrance Hall and Stairway. First Floor Accommodation: Living/Dining Room 4.74m x 4.68m; Kitchen 3.59m x 2.80m; Bedroom 3.84m x 2.79m; Bedroom 2.76m x 2.76m; Shower Room. Second Floor: Attic Space 4.74m x 3.70m (max); Shower Room. Eaves. External: Garage 7.08m x 2.76m.

Location

Windermere, in the heart of The Lake District National Park, a short walk from Windermere village.

Tenure / Property Information

Investment Analysis

The guide is £150,000 plus fees. Evidence includes same-block sales at £145,000 and £150,000 in 2017, and the subject property at £170,000 in 2009. These comparables are dated, with no current valuation evidence; therefore the GDV estimate is low-confidence. The private garage, attic space and two shower rooms are positive features, subject to legal and physical verification.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, lease, tenure, charges and physical condition. Do not rely on BTL or BRRR returns without verified rent and costs.

Works Required

No condition defects or refurbishment requirements are evidenced. Allow only for inspection and any legally or physically required works identified before exchange; costs cannot be estimated from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the estimated £150,000 base GDV is £112,500. BRRR viability cannot be assessed because refurbishment costs, lease terms, finance costs and total acquisition costs are unknown.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, council tax, service charge or lease details are supplied.

Flip Analysis

A resale surplus cannot be calculated reliably. The estimated base GDV is £150,000, but works, buyer costs beyond the known 1.2% administration charge, legal-pack disbursements and selling costs are unavailable.

Investor Risks & Due Diligence

• Tenure and lease terms are not supplied.

• Special-condition fees, legal fees, searches, transfer fees and seller-cost reimbursements are unknown.

• No reliable current rental evidence is available.

• No condition survey or refurbishment cost evidence is supplied.

• Historical comparables may not represent current market value.

Recommendation

Proceed only after reviewing the legal pack, lease, tenure, charges and physical condition. Do not rely on BTL or BRRR returns without verified rent and costs.

Strategy Rating

Analysis Confidence

Property description and historical sold comparables are available, but the comparables are dated and key legal, condition, rental and cost information is missing.