39 Springfield Street, Darwen, Lancashire, BB3 2NS

Description

Freehold end terrace house by order of a Housing Association, offered with vacant possession. GIA approximately 61 sq m (657 sq ft).

Accommodation

Ground floor: reception room and kitchen. First floor: two bedrooms and bathroom. Rear garden.

Location

The property is situated on the east side of Springfield Street, opposite its junction with Alice Street. Shops and amenities are available to the north along Duckworth Street. Darwen Railway Station is approximately 0.5 miles to the north. The A66 is readily accessible, providing access onto the M65 motorway. Bold Venture Park is nearby.

Tenure / Property Information

Investment Analysis

The only supplied sold evidence is for 20 Springfield Street, including a £60,000 sale in February 2011. These historic transactions are not sufficient to establish a current market value for 39 Springfield Street. The £80,000+ guide is an auction guide, not a valuation. Current condition, EPC, services, council tax, buyer costs and relevant current comparables are unavailable.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain a current valuation, full inspection, rental assessment and complete auction-cost schedule before considering purchase.

Works Required

No specific defects or required works are evidenced. Arrange a full inspection and confirm the condition of the kitchen, bathroom, heating, electrics, windows, roof, structure and garden before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because current GDV, refurbishment cost, rent, finance assumptions and acquisition charges are unavailable. The historic £60,000 comparable from 2011 does not provide a reliable refinance value today.

Buy-to-Let Analysis

The property is vacant and no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rental income and gross yield therefore cannot be established. Unknown buyer and other charges also prevent a reliable total-cost assessment.

Flip Analysis

A flip appraisal cannot be completed. There is no current GDV evidence, no condition-based works budget and no supported selling-cost allowance. The £80,000+ guide should not be treated as resale value.

Investor Risks & Due Diligence

• Only historic comparable sales are supplied, with the latest dated February 2011.

• Property condition and any refurbishment requirement are not evidenced.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Buyer premium, administration charges and other potential fees are unspecified.

• EPC, council tax and heating information are unavailable.

• The £80,000+ guide is not a formal valuation and may not reflect current market value.

Recommendation

Do not bid on the supplied evidence alone. Obtain a current valuation, full inspection, rental assessment and complete auction-cost schedule before considering purchase.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, accommodation, vacancy and guide price, but lacks current comparable sales, condition information, rental evidence, EPC, services, council tax and buyer or administrative charges.