46, Dunkirk Road, SOUTHAMPTON, Hampshire, SO16 6LX

Description

Freehold three bedroom terrace house. Full vacant possession.

Accommodation

First floor: Three bedrooms, bathroom/WC. Ground floor: Two reception rooms, kitchen, shower room/WC. Outside: Front and rear garden.

Location

The property is located on Dunkirk Road. A comprehensive range of shops, bars and restaurants can be found within Southampton City Centre lying to the south. Public transport links are available at Southampton Train Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A35 and the M271. Recreational pursuits can be found at Southampton Common located to the east.

Tenure / Property Information

Investment Analysis

The available completed sales are historic: the subject property sold for £155,000 in February 2016, while 56 Dunkirk Road sold for £149,950 in October 2015. These provide a historic indication around £149,950–£155,000, but no recent comparable evidence is supplied, so this is not a reliable current valuation. The £100,000 guide is materially below that historic evidence, subject to condition, fees and auction terms.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, review of the Special Conditions of Sale and confirmation of current resale value. Do not rely on the historic GDV indication without current valuation evidence; the lack of rental evidence also prevents a supported BTL decision.

Works Required

No specific defects or refurbishment requirements are evidenced. A physical inspection and confirmation of heating, parking, condition and any required works are necessary before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 guide, the known purchase price plus the £1,800 inclusive-VAT documentation charge would be £101,800 before works, seller charges, finance, tax and other acquisition costs. A 75% refinance against the historic base GDV indication would be £116,250, but refurbishment costs, current value, lender valuation and all completion costs are unconfirmed, so cash left in cannot be calculated reliably.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant, so there is no passing rent to assess. Gross yield, operating costs and borrowing affordability remain unquantified.

Flip Analysis

The historic comparable evidence indicates a possible resale benchmark around £149,950–£155,000, but it is from 2015–2016 and no current valuation is supplied. At the guide, the headline difference against the £155,000 historic indication is £53,200 before works, selling costs, finance, tax and potentially applicable seller fees; therefore a reliable flip surplus cannot be established.

Investor Risks & Due Diligence

• Historic comparable sales may not represent current market value.

• No rental evidence or passing rent is available, preventing a supported yield assessment.

• Property condition and refurbishment requirements are unknown.

• Seller fees may be payable under the Special Conditions of Sale but are not quantified.

• Parking and heating details require confirmation from the auction centre.

• Finance, tax, selling costs and other acquisition costs are not supplied.

Recommendation

Proceed only after inspection, review of the Special Conditions of Sale and confirmation of current resale value. Do not rely on the historic GDV indication without current valuation evidence; the lack of rental evidence also prevents a supported BTL decision.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, guide price, one known buyer charge and historic sold comparables are supplied, but the comparable evidence is dated and there is no current valuation, rental evidence, condition assessment, refurbishment budget or complete fee schedule.