5 Milton Court, Hemel Hempstead, Hertfordshire

Description

Vacant freehold mid-terrace house offered by order of a housing association. GIA approximately 66.42 sq m (715 sq ft). The vendor will not accept offers prior to auction.

Accommodation

Ground floor: reception room, kitchen. First floor: two bedrooms, bathroom. Rear garden.

Location

Situated on the south side of Milton Court. The shops and amenities of Hemel Hempstead are to the south west. Hemel Hempstead station is approximately 4 miles to the south west. The M1 motorway is to the east. Grovehill Playing Fields are to the west.

Tenure / Property Information

Investment Analysis

The £225,000+ guide is the only supplied purchase benchmark. No completed comparable sales, formal valuation, EPC, condition report or refurbishment specification is provided, so GDV and a supported maximum bid cannot be established. The supplied £1,800 pcm figure is an advertised asking rent, not achieved rent.

Investment Snapshot

Strategy Recommendation

Potential BTL at the guide only, subject to confirming achievable rent, property condition, all auction charges and purchase affordability. Do not bid on a flip or BRRR basis without valuation and contractor evidence.

Works Required

No specific defects or works are evidenced. Obtain a full inspection and contractor quotations before bidding; only routine compliance, safety or cosmetic works identified by inspection should be budgeted.

Rental & Market Context

Potential BRRR Position

BRRR cannot be reliably assessed because no supported GDV, refurbishment budget, acquisition-cost schedule or refinance valuation is available. The 75% GDV refinance figure is therefore unsupported.

Buy-to-Let Analysis

At the £225,000 guide, the advertised £1,800 pcm asking rent equates to a headline gross yield of 9.6%. This is not an achieved rent and no operating costs, finance costs, taxes, insurance, maintenance, voids or auction charges are supplied, so net yield and cash flow cannot be established.

Flip Analysis

A flip appraisal cannot be completed because there are no completed sale comparables, supported GDV, refurbishment costs, selling costs or auction charges. Any resale surplus would be speculative.

Investor Risks & Due Diligence

• The £1,800 pcm figure is an advertised asking rent rather than achieved rent.

• No completed comparable sales or formal market valuation are supplied.

• Property condition and required works are unknown.

• Buyer premium, administration charges and other seller or third-party fees are not specified.

• Gross yield excludes operating, finance, tax, maintenance and void costs.

• The guide is £225,000+ and the final auction price may exceed it.

Recommendation

Potential BTL at the guide only, subject to confirming achievable rent, property condition, all auction charges and purchase affordability. Do not bid on a flip or BRRR basis without valuation and contractor evidence.

Strategy Rating

Analysis Confidence

Basic tenure, accommodation, guide price and one advertised rental listing are supplied, but there are no sold comparables, condition evidence, EPC, formal valuation, works budget or complete fee schedule.