44, 44a, 44b and 44c Hallam Road, New Ollerton, Newmarket, NG22 9TL

Description

A freehold block of four, two bedroom self-contained flats. Presented in clean decorative order. Benefitting from off road parking and a rear garden. Vacant.

Accommodation

Block of four, two bedroom flats.

Location

Located on Hallam Road, accessed off Whinney Lane. Local amenities are available nearby on Forest Road. Recreational amenities of The Boughton Social Club, Dukeries Leisure Centre and Turner Lane Park. Road links via A614. Transport Mansfield Woodhouse - EMR.

Tenure / Property Information

Investment Analysis

The £250,000 guide is the only supplied price evidence. No completed sales, external rental comparables, auctioneer rent estimate, refurbishment budget or buyer/admin fee is provided, so GDV, market value, yield and maximum bid cannot be reliably established. The property is described as a vacant freehold block of four self-contained two-bedroom flats in clean decorative order, with off-road parking and a rear garden.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining independent valuations and rental evidence for all four flats, confirming legal and planning status, and pricing all acquisition and operating costs. Do not rely on the guide price alone as evidence of value.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and verification of the clean decorative condition, services, communal areas, flat separations, parking and garden before bidding. Any works allowance remains unsupported.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be quantified without supported rental income, GDV, refurbishment costs and finance or acquisition-fee information. The vacant freehold structure and EPC C are potentially relevant, but valuation and refinance capacity require independent due diligence.

Buy-to-Let Analysis

BTL income analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The block is vacant, so there is no passing rent to assess. Confirm achievable rent for all four flats, operating costs, utilities, insurance and compliance requirements.

Flip Analysis

A flip assessment cannot be quantified because there are no completed-sale comparables, supported GDV, works budget or selling-cost allowance. The clean decorative description does not establish a resale margin.

Investor Risks & Due Diligence

• No supported rental evidence or passing income is available.

• No completed-sale comparables or independent market value are supplied.

• Buyer fees are unspecified and VAT may apply; seller charges may also apply under the Special Conditions of Sale.

• Refurbishment and repair costs are unquantified despite the property being sold vacant.

• Legal, planning, building-control and compliance status for the four self-contained flats is not evidenced.

• Vacancy creates letting, void and operating-cost risk until all four flats are occupied.

Recommendation

Proceed only after obtaining independent valuations and rental evidence for all four flats, confirming legal and planning status, and pricing all acquisition and operating costs. Do not rely on the guide price alone as evidence of value.

Strategy Rating

Analysis Confidence

Only the guide price, basic property description, tenure, vacancy, EPC and amenities are supplied. There is no rental evidence, sales evidence, cost schedule, fee schedule or GDV evidence.