30 St. Christophers Road, Preston, PR1 6NJ

Description

An End of Terrace House arranged to provide Five Letting Rooms with accommodation arranged on Two Floors.

Accommodation

First Floor: Letting Rooms. Ground Floor: Letting Rooms. Yard at Rear.

Location

Situated off St. Thomas’ Road, close to local shopping facilities and a short drive from the amenities available in Preston City Centre including Preston Train Station. Moor Park is also nearby.

Tenure / Property Information

Investment Analysis

No completed-sale comparables, formal valuation evidence or GDV estimate has been supplied. The £40,000 guide is an auction guide only and cannot establish market value. The property is occupied under a lease to Cedar Care Group CIC expiring 18 November 2044, but no passing rent, lease rent review terms, repairing obligations or lease quality information is provided.

Investment Snapshot

Strategy Recommendation

Treat as a lease-income investment only if the full lease confirms satisfactory rent, reviews, repairing obligations and tenant covenant. Obtain the lease, rent schedule, special conditions, seller-fee details and inspection evidence before bidding; do not bid on yield or refinance assumptions that cannot currently be evidenced.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow only for inspection and any legally or lease-required repairs identified during due diligence; no works allowance can be supported from the supplied information.

Rental & Market Context

Potential BRRR Position

BRRR cannot be assessed reliably because GDV, rent, refurbishment cost and refinance value are unsupported. The long lease expiry may provide occupancy continuity, but the lease economics and lender acceptability are unknown. Do not rely on a refinance strategy without reviewing the full lease and obtaining valuation and lending advice.

Buy-to-Let Analysis

A BTL yield cannot be calculated because no passing rent, auctioneer rent estimate or sufficiently specific rental comparable is supplied. The existing lease may provide occupational income, but the rent, obligations, review provisions and tenant covenant require verification. The £1,500 inclusive-of-VAT buyer premium is known; seller additional fees remain unspecified.

Flip Analysis

A flip appraisal is unsupported because there is no evidence of market value, comparable sales, refurbishment cost or resale allowance. The property is occupied under a lease expiring in 2044, which may materially restrict vacant-possession resale and should be reviewed before considering a flip.

Investor Risks & Due Diligence

• Passing rent and lease terms are not supplied, so income and yield cannot be established.

• The lease to Cedar Care Group CIC runs until 18 November 2044; vacant possession and resale flexibility may be restricted.

• Seller additional fees may be payable on completion but are not quantified.

• No specific condition or refurbishment information is supplied.

• No completed-sale or rental comparables are supplied.

• The property is EPC D; no evidence is supplied regarding future energy-related expenditure or lease responsibilities.

Recommendation

Treat as a lease-income investment only if the full lease confirms satisfactory rent, reviews, repairing obligations and tenant covenant. Obtain the lease, rent schedule, special conditions, seller-fee details and inspection evidence before bidding; do not bid on yield or refinance assumptions that cannot currently be evidenced.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, lease expiry, guide price and buyer premium are supplied, but there is no rent, lease economics, comparable sales, GDV, condition survey, works budget or complete fee schedule.