300 Malling Road, Snodland, Kent

Description

Vacant freehold mid terrace house and superb renovation opportunity, with attractive original period features. Key features include a ground floor reception room, dining room, kitchen and WC, and first floor accommodation comprising two bedrooms and a further room.

Accommodation

Ground floor: reception room, dining room, kitchen and WC. First floor: two bedrooms and further room.

Location

Located on the north side of Malling Road, at its junction with Hollow Lane. Shops and amenities are further along Malling Road toward the centre of Snodland. Snodland station with Southeastern services is approximately 1.2 miles to the north. The A228 is easily accessible to the south. Leybourne Lakes County Park is to the west.

Tenure / Property Information

Investment Analysis

The evidence supports an indicative base GDV of £265,000, using the latest supplied comparable at 306 Malling Road. The same property sold for £225,250 in 2019, while 298 Malling Road sold for £317,000 in 2014. These provide a broad evidence range but are dated and do not establish the subject property's post-renovation value with certainty. The £1,300 pcm figure is an advertised asking rent for a two-bedroom house in Snodland; the £1,800 pcm figure is not sufficiently property-specific to use as a reliable upper rent estimate.

Investment Snapshot

Strategy Recommendation

Potential renovation-led BTL or resale, subject to survey, legal review and a fully priced scope of works. Do not set a maximum bid from the current evidence because total costs and selling economics are incomplete.

Works Required

Renovation is identified in the description, with retention of attractive original period features where practical. The available evidence does not specify defects, services, finishes or a quantified scope, so no reliable works allowance can be calculated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A base GDV of £265,000 implies 75% refinance proceeds of £198,750. However, the refurbishment budget, buyer or administration charges and total project cost are unknown, so cash left in and refinance viability cannot be calculated. A survey and detailed renovation budget are required before bidding.

Buy-to-Let Analysis

At the £150,000 guide, the supported advertised rent of £1,300 pcm equates to annual rent of £15,600 and a gross yield of 10.4% before refurbishment, finance, voids, maintenance, management and other costs. A yield on total project cost cannot be established because refurbishment costs and applicable fees are unavailable. The rent is advertised, not achieved.

Flip Analysis

The supplied evidence supports a broad GDV range of £225,250 to £317,000, with £265,000 as the base case. A flip surplus cannot be calculated because refurbishment costs, acquisition charges and selling costs are not supplied. The dated and limited comparable evidence creates valuation risk.

Investor Risks & Due Diligence

• Renovation scope and cost are not provided despite the property being described as a renovation opportunity.

• Buyer, administration and other potential charges are not quantified.

• GDV evidence is limited, dated and drawn from nearby properties rather than a documented valuation of the subject property.

• The £1,300 pcm figure is an advertised asking rent and may not be achieved.

• The £1,800 pcm rental evidence is generic to the ME6 area and is not sufficiently specific to this two-bedroom house.

• EPC, council tax, heating and parking information are unavailable.

Recommendation

Potential renovation-led BTL or resale, subject to survey, legal review and a fully priced scope of works. Do not set a maximum bid from the current evidence because total costs and selling economics are incomplete.

Strategy Rating

Analysis Confidence

There are several nearby completed-sale comparables, a guide price and one relevant advertised rent, but the evidence lacks condition detail, refurbishment costs, fees, EPC, council tax, achieved rent and selling costs.