38 Maple Street, Barrow-In-Furness, Cumbria

Description

Vacant Two Bedroom Mid Terrace House. The property comprises of living room, kitchen, two bedrooms and a bathroom. Located close to shops and schools this property is an ideal BTL investment.

Accommodation

Living room, kitchen, two bedrooms and a bathroom.

Location

Located close to shops and schools.

Tenure / Property Information

Investment Analysis

Completed sales evidence on Maple Street ranges from £75,000 to £118,000, excluding the duplicated £55,000 record. The £75,000 sale dated 31 July 2026 is the most recent listed comparable, while another Maple Street terraced freehold sold for £85,000. An indicative base GDV of £85,000 is used, with a £75,000 low case and £118,000 high case. This is not a formal valuation and the subject property's condition is not evidenced.

Investment Snapshot

Strategy Recommendation

Potential BTL subject to inspection, legal-pack review and confirmation that the £750 pcm asking rent is achievable. Do not rely on a flip or BRRR strategy without verified condition, costs and resale evidence.

Works Required

No specific defects or required works are evidenced. The vacant property should be inspected and the legal pack reviewed before bidding; any works allowance remains unsupported by the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £85,000 base GDV, a 75% refinance would provide an indicative £63,750. The guide price plus the known £4,500 buyer premium and minimum admin charge is £69,500 before works and other charges, so refinance would not cover even those known costs. A full BRRR cash requirement cannot be calculated without a supported works budget and complete costs.

Buy-to-Let Analysis

At the advertised asking rent of £750 pcm, annual gross rent is £9,000 and the gross yield on the £65,000 guide price is approximately 13.85%. At guide, the known buyer premium and minimum admin charge total £4,500, producing a known-cost total of £69,500 before any works, disbursements or other charges; the yield on the full project cost cannot be established because refurbishment and additional costs are unknown. The rent is advertised evidence, not achieved rent.

Flip Analysis

The £85,000 base GDV is supported by the supplied Maple Street sales, but refurbishment costs, selling costs and other project costs are not evidenced. Consequently, a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• The property condition and any required refurbishment are not evidenced.

• The £750 pcm figure is an advertised asking rent rather than achieved rent or passing rent.

• The minimum £3,600 admin charge and £900 buyer premium apply at the £65,000 guide, with possible additional disbursements and other legal or transfer charges.

• The comparable sales show a wide £75,000 to £118,000 range, creating GDV uncertainty.

• The legal pack has not been supplied or reviewed.

Recommendation

Potential BTL subject to inspection, legal-pack review and confirmation that the £750 pcm asking rent is achievable. Do not rely on a flip or BRRR strategy without verified condition, costs and resale evidence.

Strategy Rating

Analysis Confidence

The analysis has several same-street completed sales and one rental asking figure, but lacks subject-specific condition evidence, a works budget, achieved rent, full auction costs and legal-pack information.