36, St. James Road, ABINGDON, Oxfordshire, OX14 3AH

Description

Freehold semi detached chalet bungalow requiring updating. Full vacant possession. By order of Hurstway Investment Company Limited.

Accommodation

First floor: Two bedrooms, shower room/WC. Ground floor: Two reception rooms, kitchen, WC. Outside: Front and rear gardens, Garage.

Location

The property is situated on St. James Road, close to its junction with Little Howe Close. Public transport links include Radley Rail Station together with a network of local bus services serving the local area. Road communications include the A34 providing access to the A40/M40. Shopping facilities are available locally with a more comprehensive range of shopping and leisure pursuits to be found in Abingdon & Oxford.

Tenure / Property Information

Investment Analysis

Indicative GDV is based on the supplied same-road completed sales only. No. 38, St James Road, sold for £426,500 in September 2022 and No. 27 sold for £370,000 in February 2018. These are useful location and property-type evidence, but their accommodation, condition and specification are not supplied, so the valuation remains indicative. The £320,000 guide is below the latest supplied comparable, but the required updating scope and current market position are unverified.

Investment Snapshot

Strategy Recommendation

Proceed only as a cautious value-led purchase after reviewing the legal pack and obtaining a full inspection and firm updating budget. The guide appears below the latest supplied same-road sale, but the evidence is insufficient to set a safe maximum bid or confirm a viable BTL, BRRR or flip margin.

Works Required

Inspect and price the updating required throughout the two-bedroom chalet bungalow. The supplied evidence does not identify specific defects, so no detailed works schedule or refurbishment allowance can be supported. Confirm EPC, heating, parking and condition before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative £426,500 GDV, 75% refinancing equates to £319,875. However, the cash left in the project cannot be calculated because the updating cost and any additional seller charges are unknown. The refinance figure should therefore not be treated as evidence that the purchase can be fully recycled.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £1,250 pcm, equivalent to £15,000 annually. This produces a gross yield of approximately 4.69% against the £320,000 guide, before refurbishment, finance, taxes, insurance, maintenance and the known £1,800 buyer documentation fee. The rent is not an achieved or passing rent, and the total-cost yield cannot be established without a supported works allowance and complete auction costs.

Flip Analysis

A flip assessment cannot be reliably completed. The latest supplied same-road sale is £426,500, but refurbishment costs, resale costs and current market evidence are unavailable. The known £1,800 buyer documentation fee and possible seller charges would also reduce any surplus.

Investor Risks & Due Diligence

• The property requires updating, but the nature and cost of the works are not supplied.

• The £1,250 pcm figure is an advertised asking rent rather than achieved or passing rent.

• The supplied comparable sales are from 2018 and 2022 and their accommodation and condition are not provided.

• EPC, heating and parking information remain to be advised.

• A £1,800 inclusive-of-VAT contract documentation fee applies, and additional seller charges may be payable under the special conditions.

Recommendation

Proceed only as a cautious value-led purchase after reviewing the legal pack and obtaining a full inspection and firm updating budget. The guide appears below the latest supplied same-road sale, but the evidence is insufficient to set a safe maximum bid or confirm a viable BTL, BRRR or flip margin.

Strategy Rating

Analysis Confidence

There are two relevant same-road completed sales and one advertised rent, but the comparable accommodation and condition are not provided, current market evidence is absent, and refurbishment, EPC, heating, parking and potential seller charges remain unknown.