4 Coronation Cottages, Salehurst, East Sussex

Description

A three bedroom semi detached house. Externally the property benefits from front and rear garden. In need of modernisation throughout. Vacant.

Accommodation

Ground Floor - Lounge, Kitchen, Bathroom; First Floor - Three Bedrooms, Study

Location

Salehurst is a village in the Rother district of East Sussex. Located on Coronation Cottages accessed off Church Lane. Local amenities are available within Darvell town, approximately one mile away. A broad range of recreational amenities are available within the nearby countryside, including Springfield Wood, Darwell Reservoir and Bodiam Castle. Major road links are via A21. Transport: Robertsbridge - Southeastern.

Tenure / Property Information

Investment Analysis

The only supplied sold comparables are within Coronation Cottages, but they are historic: £220,000 in 2006 and 2008, and £115,000 in 2001 and 2002. They do not provide reliable evidence of current market value. The £180,000 guide is not a valuation. Current condition, floor area, buyer premium, seller charges and VAT treatment are also unknown, so no evidence-supported GDV or maximum bid can be calculated.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain a full inspection, current local valuation, realistic Salehurst rental appraisal, refurbishment quotations and the complete special conditions before considering purchase.

Works Required

Modernisation throughout is stated, but the evidence does not identify specific defects or provide a scope of works. A survey and inspection would be required before pricing works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be completed because current GDV, refurbishment cost, reliable rent and total acquisition costs are unsupported. The property is vacant and requires modernisation throughout, but the unknown scope and costs create material underwriting uncertainty.

Buy-to-Let Analysis

BTL viability cannot be established. The only rental evidence is a £303 pcm advertised asking rent for three-bedroom houses in Cheshire East, which is not reliable evidence for Salehurst, East Sussex. No subject-specific rent, operating costs or acquisition charges are supplied.

Flip Analysis

A flip assessment cannot be supported. The historic local comparables are too old to establish current resale value, and no refurbishment budget, selling allowance or current market evidence is supplied.

Investor Risks & Due Diligence

• Historic comparables may not reflect current market value.

• The property is vacant and stated to need modernisation throughout, with no quantified works scope or budget.

• No reliable rental evidence for Salehurst or East Sussex is supplied.

• The auctioneer buyer fee is unstated, and seller charges and VAT treatment depend on the special conditions.

• No current GDV, total project cost or maximum bid can be established.

Recommendation

Do not bid on the supplied evidence alone. Obtain a full inspection, current local valuation, realistic Salehurst rental appraisal, refurbishment quotations and the complete special conditions before considering purchase.

Strategy Rating

Analysis Confidence

Evidence includes property basics and historic same-road sales, but lacks current comparables, reliable local rent, works costs, floor area, buyer premium and other purchase charges.