30 Victoria Street, Barnstaple, Devon, EX32 9JB

Description

A Vacant Three Bedroom Mid Terrace House. Potential for a Loft Extension (Subject to Obtaining all Relevant Consents). The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, WC. First Floor: Three Bedrooms, Bathroom. Exterior: Rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Rock Park are within easy reach. Transport links are provided by Barnstaple rail station.

Tenure / Property Information

Investment Analysis

Completed sales for the same property were £152,000 in October 2025 and £210,000 in May 2025. The conflicting evidence supports a broad £152,000–£210,000 range, with the latest sale providing the more conservative base indication.

Investment Snapshot

Strategy Recommendation

Proceed only after legal-pack review, condition inspection and confirmation of total fees. The evidence does not currently support a confident flip or BRRRR margin.

Works Required

No specific defects or refurbishment requirements are evidenced. Assess condition before bidding. Any loft extension remains subject to relevant consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £152,000 base GDV, 75% refinance is approximately £114,000. Cash required cannot be established because refurbishment costs, purchaser disbursements and total project costs are unknown.

Buy-to-Let Analysis

The supplied advertised asking rent is £575 pcm, equivalent to £6,900 annually and a 5.11% gross yield against the £135,000 guide. This is asking-rent evidence only; finance, maintenance, voids, insurance, tax and unquantified works are excluded.

Flip Analysis

The latest completed sale indicates £152,000, while an earlier same-address sale was £210,000. A reliable flip surplus cannot be calculated without refurbishment costs, selling costs and clearer market evidence.

Investor Risks & Due Diligence

• Material conflict between the £152,000 and £210,000 same-address completed sales.

• The £575 pcm figure is an advertised asking rent, not achieved rent.

• Refurbishment requirements and costs are not evidenced.

• Additional legal, search, transfer and seller-cost reimbursements may apply.

• The potential loft extension requires relevant consents.

Recommendation

Proceed only after legal-pack review, condition inspection and confirmation of total fees. The evidence does not currently support a confident flip or BRRRR margin.

Strategy Rating

Analysis Confidence

There are two same-address completed sales but they conflict materially; rent is based on one generic asking listing, while condition, refurbishment costs and additional auction disbursements are not supplied.