5 Queens Road, Burnham-on-Crouch, Essex, CM0 8DY

Description

Charming three-bedroom vacant mid-terrace home in a sought-after central location in Burnham-on-Crouch. The property has a welcoming entrance hall, bright and spacious living area, kitchen/dining space with access to the rear garden, three bedrooms, a family bathroom, front yard and private rear garden. Extension potential is stated to be subject to requisite consents.

Accommodation

Ground floor: reception room, WC, kitchen and conservatory. First floor: three bedrooms and bathroom/WC.

Location

Located in the heart of Burnham-on-Crouch on Queens Road, within walking distance of local shops, schools and Burnham-on-Crouch railway station. The waterfront, marina and nature walks are also nearby.

Tenure / Property Information

Investment Analysis

Five completed Land Registry sales on Queens Road range from £205,000 to £249,950, averaging £232,090. The sales are terraced freehold properties, but bedroom counts, condition and specification are not supplied, so comparability is limited. A base GDV of £232,090 is used, with a low scenario of £225,000 and a high scenario of £249,950 based on the supplied evidence. The £195,000 guide is below all five recorded sales, before the unknown Buyer’s Premium and any other applicable costs.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming the Buyer’s Premium and other charges, and completing a physical inspection. The guide-to-comparable-sales discount is positive, but the deal should be treated as a cautious hold or owner-occupier opportunity rather than an assured flip or BRRR project.

Works Required

No specific defects or refurbishment works are evidenced. Allow for inspection-led works only; any extension remains subject to the requisite consents. The Buyer’s Premium and any legal-pack costs must also be confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinancing is approximately £174,067.50. This is below the £195,000 guide before the Buyer’s Premium and works, so the transaction would not appear to recycle all acquisition capital on the supplied figures. Actual refinance viability depends on lender valuation, condition, costs and finance terms, none of which are supplied.

Buy-to-Let Analysis

The auctioneer estimates potential rent at £1,450 pcm, or £17,400 per annum. This equates to approximately 8.9% gross yield against the £195,000 guide price, but no sufficiently specific external rental comparables are available. The yield on total acquisition cost cannot be established because the Buyer’s Premium, other fees and any works allowance are unknown.

Flip Analysis

A potential resale value is supported by the supplied completed sales, with a base GDV of £232,090. However, refurbishment costs, Buyer’s Premium, other acquisition costs, selling costs and finance costs are not supplied, so a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• The Buyer’s Premium is mandatory but its amount is not supplied, and additional fees may apply under the legal pack.

• Property condition and any required works are not evidenced, preventing a reliable total project cost.

• The rental figure is an auctioneer estimate rather than achieved rent, with no sufficiently specific external rental comparables.

• The supplied sold comparables lack bedroom, condition and specification details, limiting GDV comparability.

• Any extension potential is subject to the requisite consents.

• Refinancing depends on an eventual lender valuation and terms, which are not supplied.

Recommendation

Proceed only after reviewing the legal pack, confirming the Buyer’s Premium and other charges, and completing a physical inspection. The guide-to-comparable-sales discount is positive, but the deal should be treated as a cautious hold or owner-occupier opportunity rather than an assured flip or BRRR project.

Strategy Rating

Analysis Confidence

Completed sales and an auctioneer rent estimate are available, but comparable property details, condition, EPC, Buyer’s Premium, other fees, refurbishment costs and independent rental evidence are missing.