49 Synderford Close, Didcot, Oxfordshire

Description

Freehold two floor semi-detached house requiring modernisation. By order of a Major Housing Association. Full vacant possession.

Accommodation

First floor: Three bedrooms, bathroom/WC, landing. Ground floor: Two reception rooms, kitchen, cloakroom/WC, hall. Outside: Front and rear garden. Gross Internal Area GIA: approximately 72 sq m (777 sq ft).

Location

The property is situated on Synderford Close, located off Cow Lane via Halse Water. Public transport links include Didcot Parkway mainline rail station and local bus services. Road links include the A34 and A4130. Shopping amenities are available locally within Didcot town centre, with further shops, bars and restaurants in Oxford City Centre. Recreational pursuits include Ladygrove Lakes, Edmonds Park and the Ladygrove recreational ground.

Tenure / Property Information

Investment Analysis

The available completed sales are historic: £170,000 for 11 Synderford Close in June 2011 and earlier sales of £102,950 or less. They do not establish a current market value for this 72 sq m three-bedroom house. The £180,000 guide is an auction guide, not a valuation. The only rental evidence is a £2,150 pcm advertised asking rent for a three-bedroom detached property in Didcot, which is not sufficiently comparable to support rent or yield assumptions for this semi-detached house.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. First obtain the legal pack, confirm any seller fees, inspect the property, establish a current local valuation and obtain reliable rental evidence. Proceed only if the resulting margin supports the risk.

Works Required

Modernisation is required, but the evidence does not specify the condition, scope or cost of works. Obtain a full inspection and refurbishment schedule before bidding. Parking and heating also require confirmation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be established because current GDV, refurbishment cost, supported rent and refinance value are unavailable. The known acquisition figure is the £180,000 guide plus the £1,800 contract documentation fee, before any other applicable seller fees, finance costs or works.

Buy-to-Let Analysis

A BTL appraisal cannot be established reliably. The £2,150 pcm evidence relates to an advertised detached property rather than this semi-detached house, and no passing or directly comparable rent is supplied. Modernisation costs and total acquisition costs are also unknown.

Flip Analysis

A flip appraisal cannot be quantified. The only same-close completed sale is £170,000 from 2011, which is too historic to establish a current resale value, while the refurbishment scope and selling allowance are unknown.

Investor Risks & Due Diligence

• Modernisation is stated but its scope and cost are unspecified.

• Current GDV cannot be supported by the historic 2011 comparable.

• The available rental listing is for a detached property and is only an advertised asking rent.

• Additional seller fees may be payable but are not provided.

• Parking and heating details require confirmation.

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

Recommendation

Do not bid on the current evidence alone. First obtain the legal pack, confirm any seller fees, inspect the property, establish a current local valuation and obtain reliable rental evidence. Proceed only if the resulting margin supports the risk.

Strategy Rating

Analysis Confidence

Evidence includes the guide, tenure, size, occupancy, one historic same-close sale and one non-comparable advertised rent, but lacks current comparable sales, a refurbishment budget, directly comparable rent, parking/heating confirmation and complete fee information.