5 Dougill Street, Bolton, Greater Manchester BL1 5JY

Description

Tenanted Three Bed Mid Terraced House. Three bed terrace house which is currently tenanted. We are informed that the tenants pay £700 pcm (£8,400 pa). The property briefly comprises a front lounge/dining room, kitchen/dining room, rear bathroom, three bedrooms and a rear yard area. The house benefits from uPVC double glazing and gas central heating.

Accommodation

Ground Floor: front lounge/dining room, kitchen/dining room, rear bathroom. First Floor: three bedrooms. To the rear is a yard area.

Tenure / Property Information

Investment Analysis

The only supplied comparable is 10 Dougill Street, sold for £42,500 in August 2019. It is dated and provides insufficient evidence for a current GDV, particularly without condition or current comparable sales data. The £90,000 guide price is therefore not independently supported by the supplied evidence.

Investment Snapshot

Strategy Recommendation

Consider only as an income-led BTL subject to verification of the tenancy, condition, legal pack, disbursements and true market value. Do not rely on a BRRR or flip strategy on the supplied evidence.

Works Required

No specific works are evidenced. Verify condition, tenancy documentation, compliance and legal-pack requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because no supported GDV, refurbishment budget or refinance value is available. The stated lease is long, but the property is currently tenanted and tenancy terms require verification.

Buy-to-Let Analysis

The stated rent is £700 pcm (£8,400 annually). Gross yield on the £90,000 guide is approximately 9.33%, reducing to approximately 8.97% including the £3,600 minimum administration charge. Net yield cannot be established because operating costs, finance costs and other purchase disbursements are unavailable.

Flip Analysis

Flip viability cannot be established. No current GDV, refurbishment cost or selling-cost allowance is supported by the evidence. The 2019 comparable is insufficient for a current resale assessment.

Investor Risks & Due Diligence

• Current market value is unsupported by the supplied evidence.

• The property is tenanted, but tenancy terms, arrears and compliance information are not provided.

• Additional legal-pack disbursements and seller costs may be payable.

• No condition survey or refurbishment cost evidence is supplied.

• Net rental yield cannot be calculated from the available information.

• The supplied comparable is from 2019 and may not reflect current value.

Recommendation

Consider only as an income-led BTL subject to verification of the tenancy, condition, legal pack, disbursements and true market value. Do not rely on a BRRR or flip strategy on the supplied evidence.

Strategy Rating

Analysis Confidence

The stated rent, guide price, tenure and one historic comparable are available, but there is no current valuation evidence, condition assessment, refurbishment budget, detailed tenancy information or complete fee schedule.