329, Blackburn Road, DARWEN, Lancashire, BB3 0AB

Description

Freehold mid terrace house

Accommodation

First floor: Three bedrooms, bathroom, separate w/c. Ground floor: Two reception rooms, kitchen. Outside: Rear yard.

Location

The property is located on Blackburn Road (A666). Shopping amenities are available within Darwen Town Centre with a further range of shops, bars and restaurants found in Preston City Centre lying to the north west. Public transport links are available at Darwen Train Station located to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the M65 lying to the north and the A666. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

The guide price is £65,000. The only supplied sold comparables are the same-address transactions at £35,785 in 2002 and £37,000 in 1999, which are too historic to support a current GDV without further evidence. No current valuation, condition report or refurbishment specification is supplied. One advertised three-bedroom rental at £795 pcm provides rental context only and is not an achieved rent.

Investment Snapshot

Strategy Recommendation

Treat as a conditional BTL opportunity only. Do not bid beyond a separately verified valuation and refurbishment budget; obtain inspection findings and review the Special Conditions before committing.

Works Required

No specific works are evidenced. Arrange a full inspection and verify the condition of the roof, structure, services, kitchen, bathroom, windows, heating and internal finishes before bidding. Confirm parking and heating details with the auction centre.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because no current GDV, refurbishment allowance or refinance valuation is supported by the evidence. The known purchase price plus the £1,800 inclusive-of-VAT contract documentation fee is £66,800 before any other seller charges, works, finance or tax.

Buy-to-Let Analysis

The supplied advertised rent is £795 pcm, equivalent to £9,540 annually. Against the £65,000 guide, this indicates a gross yield of approximately 14.7%, before finance, maintenance, voids, management, tax and acquisition costs. The rent is an asking rent rather than achieved rent, and the property's condition and total project cost are unknown, so the investment yield cannot be fully established.

Flip Analysis

A flip calculation is not supported. Current resale value, refurbishment costs, selling costs and the property's condition are not evidenced. The historic comparables cannot establish a current GDV.

Investor Risks & Due Diligence

• Current market value is unsupported because the supplied sold comparables are from 1999 and 2002.

• Property condition and refurbishment requirements are not provided.

• The £795 pcm figure is an advertised asking rent, not a passing or achieved rent.

• Additional seller fees may be payable under the Special Conditions of Sale, but their amount is not supplied.

• Parking and heating details require confirmation from the auction centre.

Recommendation

Treat as a conditional BTL opportunity only. Do not bid beyond a separately verified valuation and refurbishment budget; obtain inspection findings and review the Special Conditions before committing.

Strategy Rating

Analysis Confidence

The property description, tenure, guide price, one rental listing and one known buyer charge are supplied, but current sold evidence, condition, works costs, GDV, achieved rent and seller charges are insufficient for a complete investment appraisal.