38 Seaford Street, Stoke-on-Trent, Staffordshire, ST4 2EU

Description

A Vacant Two Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a two bedroom mid terrace house arranged over ground and first floors. By Order of the Executors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Bathroom. First Floor: Two Bedrooms. Exterior: The property benefits from a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Cauldon Park are within easy reach. Transport links are provided by Stoke-on-Trent rail station.

Tenure / Property Information

Investment Analysis

Same-street HM Land Registry sales range from £100,000 to £175,000, with two sales at £100,000 and one at £110,000. The bedroom counts and condition of the comparables are not supplied, so the £110,000 base GDV is a conservative estimate anchored to the lower evidence. A £100,000 low scenario and £148,500 high scenario are used; the £175,000 sale is treated as an outlier for this analysis. The property requires refurbishment, but its scope and cost are not evidenced.

Investment Snapshot

Strategy Recommendation

Conditional refurbishment-led BTL or resale only after inspection, legal-pack review and confirmed refurbishment quotations. Do not bid solely on the apparent guide-to-GDV gap.

Works Required

Refurbishment is required, but no specific defects or scope are supplied. Obtain a full inspection and contractor quotations before bidding, covering the two reception rooms, kitchen, bathroom, bedrooms and external areas only as supported by the inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £50,000 guide, the headline 75% refinance against the £110,000 base GDV is £82,500. However, the refurbishment budget, buyer premium and other acquisition costs are unknown, so required cash input, total cost and whether refinancing would recover invested capital cannot be established.

Buy-to-Let Analysis

The supplied advertised asking rents are £665–£795 pcm. Using the midpoint evidence of £750 pcm gives £9,000 annual rent and an indicative gross yield of 18.0% against the £50,000 guide. This excludes refurbishment, the £1,800 administration charge, the unspecified buyer premium and other possible fees, so the yield on total cost cannot be established.

Flip Analysis

The base GDV is estimated at £110,000 from the supplied same-street sales evidence. A flip surplus cannot be calculated because refurbishment costs, buyer premium, other acquisition costs and selling costs are not supplied. The comparable bedroom counts and condition are also unknown.

Investor Risks & Due Diligence

• Refurbishment is stated to be required, but no scope or cost is provided.

• The buyer premium is unspecified and additional legal, search, seller-cost reimbursement, transfer and disbursement fees may apply.

• The sold comparables do not include bedroom counts or condition, limiting GDV reliability.

• Rental figures are advertised asking rents rather than achieved or passing rents.

• No EPC, council tax, parking or heating information is supplied.

Recommendation

Conditional refurbishment-led BTL or resale only after inspection, legal-pack review and confirmed refurbishment quotations. Do not bid solely on the apparent guide-to-GDV gap.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale and rental evidence, but comparable bedroom counts and condition, refurbishment scope, buyer premium, other fees and property specifications are unavailable.