31 Division Street, Rochdale

Description

Freehold End of Terrace House Vacant Possession. An End of Terrace House requiring modernisation.

Accommodation

Two floors comprising: First Floor – Bedroom (One), Bedroom (Two), Bathroom/WC. Ground Floor – Entrance Porch, Living Room, Kitchen. Garden at Rear.

Location

Situated on Division Street, close to the amenities available in Rochdale Town Centre and travelling facilities including Rochdale Train Station. Falinge Park is also nearby.

Tenure / Property Information

Investment Analysis

The only supplied comparables are historic sales on Division Street from 1995 (£26,000), 2004 (£62,000) and 2016 (£73,500). They are not sufficiently current to support a present-day GDV. The property is described as requiring modernisation, but no quantified condition survey, refurbishment budget or current rental evidence is supplied. The £30,000 guide is an auction guide, not a market valuation.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain a current valuation, detailed inspection, refurbishment quotations, rental evidence and the special conditions before considering a purchase.

Works Required

Modernisation of the two-bedroom house, including assessment and updating of the kitchen, bathroom/WC, decoration and general finishes. The evidence does not establish specific defects or justify a quantified works allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. There is no current GDV, reliable rent, refurbishment budget or refinance valuation. The £30,000 guide plus the stated £1,500 buyer premium already implies at least £31,500 before refurbishment and any applicable seller fees, but total project cost cannot be calculated.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Any assessment would also require a supported refurbishment cost and allowance for the £1,500 buyer premium, seller fees if applicable and other ownership costs.

Flip Analysis

A flip surplus cannot be calculated because the historic comparable sales do not provide a sufficiently reliable current GDV and no refurbishment allowance or supported selling-cost allowance is supplied. The property is vacant and requires modernisation, creating material cost uncertainty.

Investor Risks & Due Diligence

• Unknown modernisation requirements and refurbishment cost.

• No sufficiently specific current rental evidence, so rental yield cannot be established.

• Historic comparables may not reflect current market value.

• Seller may charge additional completion fees under the special conditions.

• Buyer must pay the £1,500 inclusive-of-VAT buyer premium and meet the stated deposit requirement within 24 hours.

Recommendation

Do not bid on the supplied evidence alone. Obtain a current valuation, detailed inspection, refurbishment quotations, rental evidence and the special conditions before considering a purchase.

Strategy Rating

Analysis Confidence

Current valuation, rental, condition-cost and selling-cost evidence is incomplete; the available comparables are historic and no current GDV or rent can be supported.