43 Dronsfield Road, Fleetwood, Lancashire, FY7 7BN

Description

A two bedroom first floor flat. Externally the property benefits from use of the communal yard. In need of some modernisation. Vacant.

Accommodation

First Floor - Entrance Hallway, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.

Location

Located on Dronsfield Road, accessed off Shakespeare Road. A range of amenities are available on The Esplanade and Poulton Road. Recreational amenities are easy accessible at Fleetwood Marsh Nature Reserve, Memorial Park and Fleetwood Beach. The A585 provides access to the neighbouring towns of Cleveleys, Thornton, Poulton-le-Fylde and the M55.

Tenure / Property Information

Investment Analysis

The £30,000 guide is the only supplied price evidence. No completed sales, rental comparables, GDV evidence, refurbishment quotation or auctioneer rent estimate is provided, so market value, rent and investment returns cannot be reliably established. The property is vacant, requires some modernisation and is subject to a new 999-year lease, with full lease terms requiring legal-pack review.

Investment Snapshot

Strategy Recommendation

Proceed only to conditional bidding after reviewing the legal pack, confirming the new lease terms, inspecting the flat and obtaining refurbishment and rental evidence. At present, the guide price alone is insufficient to justify a BTL, BRRR or flip strategy.

Works Required

Modernisation is indicated, but the evidence does not specify the scope. Obtain inspection-based costs before bidding; do not assume particular repairs, installations or finishes.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable without a purchase budget including buyer charges, refurbishment costs, market value/GDV and achievable rent. The new 999-year lease may be relevant, but its terms and mortgageability require legal-pack and lender review.

Buy-to-Let Analysis

BTL returns cannot be calculated because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The vacant status may allow letting after modernisation, but achievable rent, operating costs and total acquisition costs remain unknown.

Flip Analysis

A flip surplus cannot be calculated because there are no completed sales, GDV evidence, refurbishment costs or supported selling allowance. Modernisation is required, but its extent is unspecified.

Investor Risks & Due Diligence

• The buyer fee is not stated and may materially increase acquisition cost.

• Seller charges and possible VAT are unspecified and must be checked in the Special Conditions of Sale.

• The scope and cost of the stated modernisation are unknown.

• No sufficiently specific rental evidence is available, so achievable rent and yield are unverified.

• The new 999-year lease and all associated terms require review of the legal pack.

• Council tax, parking and heating information is not supplied.

Recommendation

Proceed only to conditional bidding after reviewing the legal pack, confirming the new lease terms, inspecting the flat and obtaining refurbishment and rental evidence. At present, the guide price alone is insufficient to justify a BTL, BRRR or flip strategy.

Strategy Rating

Analysis Confidence

Only the guide price, basic description, vacant status, EPC and proposed lease length are supplied; there are no comparables, rental evidence, costings, buyer fee, seller charges or detailed condition information.