4 Glenginnet Road, Barr, Girvan, South Ayrshire

Description

Offering an exciting opportunity for renovation and development, 4 Glenginnet Road is a detached two-storey property with excellent potential to be transformed into an attractive two-bedroom home. Currently partway through renovation, the property provides a blank canvas for a purchaser to complete the works and create a home tailored to their own requirements and taste. The property will appeal to developers, investors and private buyers looking for a rewarding project with the opportunity to add value.

Accommodation

The accommodation offers space for a lounge, dining kitchen, bathroom and two upstairs bedrooms.

Location

Situated in the picturesque rural village of Barr, in South Ayrshire, the property enjoys a peaceful setting surrounded by the beautiful countryside of the Stinchar Valley, with excellent opportunities for walking, cycling and exploring the outdoors. Barr has a welcoming community atmosphere and a range of useful local amenities, including a community-owned village shop and café, post office, village hall and primary school. Barr Primary School is located within the village, while secondary schooling is available at Girvan Academy, approximately six miles away. The nearby coastal town of Girvan, around eight miles from Barr, provides a wider selection of shops, supermarkets, leisure facilities, healthcare services and a railway station offering connections towards Ayr and Glasgow. Local bus services provide a link between Barr and Girvan, although services are limited, making a car particularly useful for day-to-day travel. Combining a tranquil countryside location with access to the wider amenities of Girvan, Barr offers an attractive setting for those seeking a quieter pace of life in rural Ayrshire.

Tenure / Property Information

Investment Analysis

Guide price is £55,000 plus fees. The property is partway through renovation, but no refurbishment budget, completed-sales comparables, GDV evidence or sufficiently specific rental evidence is supplied. Value, yield and maximum bid therefore cannot be reliably estimated. The buyer administration charge is 3.6% subject to a £3,600 minimum; at the guide price, the minimum applies. Additional legal, search, seller-cost and transfer disbursements may also apply.

Investment Snapshot

Strategy Recommendation

Treat as a renovation project for a private buyer or developer only after reviewing the legal pack, inspecting the works and obtaining firm refurbishment and end-value evidence.

Works Required

Complete the existing renovation to create the described two-bedroom house, including the lounge, dining kitchen, bathroom and two upstairs bedrooms. The required scope and specification are not evidenced.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. The purchase price is stated, but refurbishment cost, completed value, rent and refinance value are unsupported.

Buy-to-Let Analysis

BTL viability cannot be assessed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment costs and total project cost are also unknown.

Flip Analysis

A flip appraisal cannot be completed because there are no sold comparables, GDV evidence, refurbishment costs or supported selling allowance.

Investor Risks & Due Diligence

• Property is only partway through renovation and the remaining works and costs are not specified.

• No completed-sales evidence is supplied to support a GDV.

• No sufficiently specific rental evidence is supplied.

• Special Conditions of Sale may create additional legal, search, seller-cost and transfer charges.

• Rural location has limited bus services, which may affect occupier and resale demand.

Recommendation

Treat as a renovation project for a private buyer or developer only after reviewing the legal pack, inspecting the works and obtaining firm refurbishment and end-value evidence.

Strategy Rating

Analysis Confidence

Only the guide price, property description, tenure, accommodation and fee structure are supplied; key valuation, rental and refurbishment evidence is absent.