5 Quaker Terrace, Masham, Ripon

Description

An End of Terrace House requiring modernisation with accommodation arranged on Two Floors.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bathroom/WC. Ground Floor: Living Room, Kitchen. Courtyard Garden at Rear.

Location

Situated in a cul-de-sac off Silver Street, close to the amenities available in Masham Town Centre.

Tenure / Property Information

Investment Analysis

The supplied comparables are on the same terrace but range from £95,000 to £210,000 and are dated from 2003 to 2021. They do not state bedroom count, condition or specification, and there is no recent comparable evidence. A reliable current GDV cannot therefore be established. The property is described as requiring modernisation, but no quantified works scope is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after inspecting the property, obtaining a detailed refurbishment quotation, confirming special-condition fees and establishing current local sale and rental evidence. Do not rely on the supplied data alone to set a bid.

Works Required

Modernisation of the existing two-bedroom house, including the living room, kitchen, bedrooms and bathroom as required. The supplied evidence does not identify specific defects or permit a reliable cost allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be established without a supported current GDV, refurbishment budget, achievable rent and finance assumptions. The guide price is £75,000 and the stated buyer premium is £1,500 inclusive of VAT, but potential seller charges remain unknown.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Modernisation requirements, EPC status and operating costs are also unquantified.

Flip Analysis

A flip appraisal cannot be reliably calculated. The historic same-terrace sales provide some location context, but their dates, values and unknown property specifications do not establish a current resale value. Works costs and selling costs are also unsupported.

Investor Risks & Due Diligence

• The property requires modernisation, but the extent and cost of works are unknown.

• No sufficiently specific rental evidence is available, so rental yield cannot be assessed.

• The EPC rating is currently unknown.

• The supplied comparable sales are historic, vary materially in price and lack bedroom and condition details.

• The seller may charge additional completion fees under the special conditions, but the amount is not supplied.

• The property is vacant, so there is no passing rent to support income analysis.

Recommendation

Proceed only after inspecting the property, obtaining a detailed refurbishment quotation, confirming special-condition fees and establishing current local sale and rental evidence. Do not rely on the supplied data alone to set a bid.

Strategy Rating

Analysis Confidence

Key inputs are missing or insufficiently specific: current GDV evidence, property condition detail, refurbishment costs, rent, EPC, finance assumptions and possible seller charges.