35 Park View, Crewkerne, Somerset, TA18 8HS

Description

A Vacant Two Bedroom Mid Terrace House. The property comprises a two bedroom mid terrace house arranged over ground and first floors. The property requires a program of refurbishment.

Accommodation

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

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Bincombe Beeches Nature Reserve are within easy reach. Transport links are provided by Crewkerne rail station.

Tenure / Property Information

Investment Analysis

Completed sales on the same road range from £111,000 in 2019 to £175,000 in 2023. The two most recent supplied sales were £175,000, but bedroom count, floor area and condition are not provided. A base GDV of £175,000 is therefore used cautiously, with £111,000 as a lower evidence point. The property requires refurbishment, but no works specification or cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally after reviewing the legal pack, inspecting the refurbishment requirement and obtaining priced works. Do not rely on the £175,000 GDV or bid above a fully costed maximum.

Works Required

A general refurbishment programme is stated, but the evidence does not identify specific defects or required items. Obtain a survey, contractor scope and legal-pack review before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £175,000 base GDV would indicate £131,250 gross refinancing proceeds before finance costs, taxes and other deductions. Cash left in cannot be calculated because refurbishment costs and total project costs are unsupported.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and requires refurbishment, so achievable rent and operating costs also remain unconfirmed.

Flip Analysis

The supplied evidence suggests a potential resale reference point of £175,000, but no refurbishment budget, purchase premium, selling allowance or full project cost is available. Flip surplus cannot therefore be calculated reliably.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not specified.

• No sufficiently specific rental evidence is available.

• The £175,000 comparable sales may not match the subject property's size, layout or condition.

• Buyer premium and possible legal-pack disbursements are unknown.

• The guide price is not a valuation and the lower £111,000 comparable indicates material evidence variation.

Recommendation

Proceed only conditionally after reviewing the legal pack, inspecting the refurbishment requirement and obtaining priced works. Do not rely on the £175,000 GDV or bid above a fully costed maximum.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and a clear tenure/occupancy description, but no floor area, detailed condition, rental evidence, refurbishment costs, buyer premium or complete fee information.