40 Old Road, Tintwistle, Glossop, Derbyshire, SK13 1LH

Description

Substantial four-bedroom end-of-terrace stone cottage which sits in a sought-after traditional village setting, surrounded by open countryside. Ideal for buyers ready to move fast on a home with genuine scope to add value. Extensive built-in storage throughout along with countryside views from multiple rooms. Situated in a peaceful village community close to amenities, schools & transport links.

Accommodation

Lounge, kitchen/diner, rear sun porch, first floor landing, four bedrooms and three-piece bathroom. Ground floor: living room, kitchen/diner. First floor: bedroom one, bedroom two, bedroom three, bedroom four, bathroom.

Location

Sought-after traditional village setting surrounded by open countryside; peaceful village community close to amenities, schools and transport links.

Tenure / Property Information

Investment Analysis

The £225,000 and £270,000 2023 Old Road terraced comparables support a broad GDV range, although bedroom count, condition and specification are not provided. A midpoint base GDV of £247,500 is used. The £450 pcm evidence is an advertised asking rent for a different four-bedroom property, not achieved rent.

Investment Snapshot

Strategy Recommendation

Potential value-add or flip opportunity at or near guide, but proceed only after confirming condition, legal-pack liabilities, achievable rent and resale value. BTL is unattractive on the supplied rent evidence.

Works Required

No specific defects or required works are evidenced. Confirm condition, services, roof, windows, kitchen, bathroom and any value-add works through viewing and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the guide price, known stated fees and no quantified works allowance, total cost is £147,535. A 75% refinance against the £247,500 base GDV would be £185,625, implying £38,090 cash left in before finance, tax and unquantified works. Actual feasibility depends on the achieved purchase price, condition and lender valuation.

Buy-to-Let Analysis

At the guide price, the supplied £450 pcm asking rent indicates approximately 3.72% gross yield, or 3.66% including the stated administration and search fees. This is weak before finance, maintenance, voids, management and tax, and the rent is not confirmed achieved rent.

Flip Analysis

The supported GDV range is £225,000 to £270,000, against a guide-price cost of £147,535 before works and selling costs. A reliable flip surplus cannot be calculated because refurbishment costs, resale costs and the achieved auction price are unknown.

Investor Risks & Due Diligence

• The auction guide is not the final purchase price.

• The £450 pcm figure is advertised asking rent and may not be achievable.

• Comparable sales do not provide bedroom count, floor area or condition.

• No refurbishment budget can be supported from the supplied evidence.

• Additional seller, legal, transfer or other disbursements may be payable under the legal pack.

• Parking and heating details are not supplied.

Recommendation

Potential value-add or flip opportunity at or near guide, but proceed only after confirming condition, legal-pack liabilities, achievable rent and resale value. BTL is unattractive on the supplied rent evidence.

Strategy Rating

Analysis Confidence

Sales evidence is available, but comparable specification and condition are incomplete; rent is a single advertised asking figure; refurbishment costs, auction outcome and several potential fees are unknown.