37 Chambers Road, St. Leonards-on-Sea, East Sussex, TN38 9HY

Description

A Vacant Three Bedroom Semi Detached House in Need of Refurbishment.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Three Bedrooms (one with an en-suite), Bathroom. Exterior: Front and rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Marsh Wood are within easy reach. Transport links are provided by St Leonards Warrior Square rail station.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Chambers Road range from £218,000 to £272,500, with the most recent sale at No. 35 achieving £260,000 in July 2024. A provisional base GDV of £260,000 is used, with £218,000 as a low evidence point and £272,500 as a high evidence point. These sales are not adjusted for the subject property's condition, size, layout or specification, so the GDV remains indicative only.

Investment Snapshot

Strategy Recommendation

Undertake detailed legal, survey and refurbishment-cost due diligence before bidding. The property may suit a refurbishment-led resale or BRRR strategy only if the final purchase price and verified works budget leave adequate margin; BTL cannot currently be assessed.

Works Required

The property is described as needing refurbishment, but no detailed schedule or condition report is supplied. Allowance should therefore be made for an inspection-led refurbishment of the house, including only works confirmed by the survey, quotations and legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £150,000 guide, the purchase price plus the £1,800 known administration charge is £151,800 before refurbishment and other possible disbursements. A 75% refinance of the provisional £260,000 base GDV would be £195,000, but cash left in cannot be calculated without a supported refurbishment budget and complete acquisition costs. The refinance outcome is therefore highly sensitive to the achieved value and works cost.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment cost, operating costs, finance costs and EPC information are also unavailable. The vacant status may permit letting after suitable works, subject to the property's actual condition and compliance requirements.

Flip Analysis

A flip appraisal cannot be completed reliably because no refurbishment budget or supported selling-cost allowance is provided. The provisional £260,000 base GDV indicates potential gross value spread over the £150,000 guide, but this is not a profit estimate and excludes works, finance, taxes, selling costs, disbursements and the final purchase price.

Investor Risks & Due Diligence

• The property is expressly described as needing refurbishment, but no detailed condition report or works budget is supplied.

• The final purchase price may exceed the £150,000 guide price.

• No rental evidence or auctioneer rent estimate is available, preventing a supported yield calculation.

• Potential disbursements and other purchaser costs are not quantified and may include search fees, seller's costs, legal fees and transfer fees.

• The GDV is based on nearby completed sales without adjustments for the subject property's condition, size, layout or specification.

• Finance, tax, resale and compliance costs are not supplied.

Recommendation

Undertake detailed legal, survey and refurbishment-cost due diligence before bidding. The property may suit a refurbishment-led resale or BRRR strategy only if the final purchase price and verified works budget leave adequate margin; BTL cannot currently be assessed.

Strategy Rating

Analysis Confidence

There are several relevant same-road completed sales and a known guide price, but the subject's condition, refurbishment scope, rent, property measurements, EPC, buyer costs and full legal-pack liabilities are not supplied.