35 Matthews Road, Yeovil

Description

A three bedroom semi-detached house benefitting from a rear garden, well located for the amenities of Yeovil and in need of modernisation.

Accommodation

Ground Floor - Two Reception Rooms, Kitchen, Sun Room; First Floor - Three Bedrooms, Bathroom/WC

Location

The property is situated in a residential area of Yeovil, Somerset, within easy reach of the town centre and its range of shops, supermarkets, cafés and restaurants. Local amenities include Yeovil Recreation Centre and Yeovil Country Park. Yeovil Pen Mill railway station is approximately 0.4 miles away, with local bus services also providing convenient connections to the surrounding area.

Tenure / Property Information

Investment Analysis

The £115,000 guide is the only current pricing evidence supplied. The sole sold comparable is 33 Matthews Road at £39,950 in 1998, which is too historic to support a current GDV. The rental evidence is for Thame rather than Yeovil and is therefore not suitable for estimating local rent. Current GDV, refurbishment cost, rent and yield cannot be established reliably from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Do not set a bid or pursue a defined strategy from this evidence alone. Treat as a potential refurbishment project only after confirming condition, current Yeovil values, achievable rent and all auction charges.

Works Required

Modernisation is required, but no detailed condition schedule is supplied. Further inspection is needed before specifying works or costing the kitchen, bathroom, decoration, services and any other items.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR viability cannot be established without a supported post-works GDV, refurbishment budget, local rent and full acquisition-cost schedule. The property requires modernisation and the heating condition is not warranted, creating additional due-diligence requirements.

Buy-to-Let Analysis

A BTL assessment cannot be completed because the only rental evidence is an advertised £1,900 pcm listing in Thame, not Yeovil, and no auctioneer rent estimate is provided. Buyer fees, VAT and seller charges are also unspecified.

Flip Analysis

A flip surplus cannot be calculated. The 1998 Matthews Road sale is not a reliable current GDV benchmark, while refurbishment, selling and acquisition costs are unsupported. The buyer should obtain a current inspection and local Yeovil comparables before bidding.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the extent and cost of works are unknown.

• No warranties or guarantees are given for the heating system.

• The sole sold comparable dates from 1998 and cannot support a current valuation.

• The supplied rental listing is in Thame rather than Yeovil and is only an advertised asking rent.

• Buyer fees, possible VAT and seller charges are not quantified.

• EPC, council tax and parking information are not supplied.

Recommendation

Do not set a bid or pursue a defined strategy from this evidence alone. Treat as a potential refurbishment project only after confirming condition, current Yeovil values, achievable rent and all auction charges.

Strategy Rating

Analysis Confidence

Evidence lacks current relevant comparables, local rental evidence, condition detail, refurbishment costs, EPC, council tax, parking information and complete buyer/seller fee details.