39 Railway Road, Brinscall, Chorley, Lancashire

Description

Vacant Three Bedroom Terrace House. The property comprises of hallway, lounge, dining room, kitchen, shower room, and three bedrooms. Externally there is a yard to rear and the property overlooks countryside to the front.

Accommodation

Hallway, lounge, dining room, kitchen, shower room, and three bedrooms.

Location

The property overlooks countryside to the front.

Tenure / Property Information

Investment Analysis

The nearest evidence is a same-road leasehold terrace sold for £150,000 in December 2019. Older same-road sales range from £95,000 to £132,000. A £150,000 base GDV is indicated, but comparability, condition and market movement are uncertain.

Investment Snapshot

Strategy Recommendation

Conditional BTL assessment only, subject to legal-pack review, lease verification, inspection and confirmation of achievable rent and total costs.

Works Required

No specific refurbishment works are evidenced. A survey and inspection are required before estimating works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £150,000 base GDV, 75% refinance is approximately £112,500. Cash-left-in cannot be established because refurbishment costs, lease position and further purchase costs are unknown.

Buy-to-Let Analysis

The advertised rent of £915 pcm implies a gross yield of approximately 11.56% on the £95,000 guide price. This is asking-rent evidence, not achieved rent. Total-cost and net yield analysis cannot be completed because works, lease details and additional fees are unknown.

Flip Analysis

The indicative base GDV is £150,000, but refurbishment costs, selling costs and special-condition disbursements are unavailable, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Lease length and ground-rent details are unknown.

• Property condition and refurbishment requirements are not evidenced.

• The £915 pcm figure is an advertised asking rent, not achieved rent.

• Special-condition disbursements and other legal or transfer fees may apply.

• The sales evidence is from another property and is partly historic.

Recommendation

Conditional BTL assessment only, subject to legal-pack review, lease verification, inspection and confirmation of achievable rent and total costs.

Strategy Rating

Analysis Confidence

There is useful same-road sales evidence and one advertised rent, but the lease term, condition, EPC, heating, parking, refurbishment costs and potential additional fees are unknown.