46 Austin Close, Frome, Somerset

Description

A one bedroom end of terrace bungalow. Externally the property benefits from a rear garden. In need of modernisation. Vacant.

Accommodation

Ground Floor - Porch, Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Located on Austin Close, connecting to Culver Hill. Shopping facilities can be found locally or to a greater extent in the town centre along with a good selection of cafes bars and restaurants. Recreational facilities can be found at The Dippy and surrounding countryside. Rail link via Frome station and nearby road communications are via the A361 and B3902. Transport Frome - GWR, South Western Railway.

Tenure / Property Information

Investment Analysis

The £87,500 guide is not a formal valuation. No completed-sale comparables, rental evidence, GDV evidence or quantified refurbishment estimate were supplied, so market value and investment returns cannot be reliably assessed. Buyer fees, VAT and any seller charges are also unquantified.

Investment Snapshot

Strategy Recommendation

Do not set a bid or commit to a strategy from the supplied evidence alone. Obtain an inspection, refurbishment quotations, local achieved-sale evidence, rental evidence and confirmation of all auction and seller charges before bidding.

Works Required

Modernisation of the vacant one-bedroom bungalow, based on the description. The scope should be confirmed by inspection and contractor quotations; no specific defects or work items are evidenced.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed without supported GDV, refurbishment costs, achievable rent and total acquisition costs. The property is vacant and described as needing modernisation, but the financial outcome is unquantified.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate was supplied. Refurbishment costs and buyer charges are also unknown.

Flip Analysis

A flip surplus cannot be calculated because there are no completed-sale comparables, supported GDV, refurbishment costs or selling allowance. The guide price alone is insufficient to support a resale strategy.

Investor Risks & Due Diligence

• The bungalow is described as being in need of modernisation, but the extent and cost of works are unknown.

• No sufficiently specific rental evidence or auctioneer rent estimate was supplied.

• No completed-sale comparables or supported GDV were supplied.

• The buyer fee, possible VAT and any seller charges are not quantified.

• The property is vacant, so no passing rent or tenancy information is available.

Recommendation

Do not set a bid or commit to a strategy from the supplied evidence alone. Obtain an inspection, refurbishment quotations, local achieved-sale evidence, rental evidence and confirmation of all auction and seller charges before bidding.

Strategy Rating

Analysis Confidence

Only basic property, guide-price and general condition information was supplied; there are no comparable sales, rental evidence, quantified works, GDV or complete fee details.