5 Station Road, Buckfastleigh, Devon TQ11 0BU

Description

A 3 bedroom mid terraced cottage presented in good order throughout. The property has been successfully let and is now vacant following the end of tenancy, we would anticipate a current market rent in the region of £1,100 per calendar month (£13,200 per annum)

Accommodation

Ground floor: Living room, dining area, kitchen. First floor: 2 bedrooms, bathroom, laundry room. Second floor: Bedroom.

Location

Buckfastleigh is a small market town on the edge of Dartmoor National Park. Easy access to the A38, providing easy road access to the cities of Plymouth and Exeter as well as the M5. Totnes railway station approximately 7 miles.

Tenure / Property Information

Investment Analysis

The closest supplied evidence comprises terraced properties on Station Road sold for £110,000 and £165,000. The £110,000 sale provides a downside indicator, while the £165,000 sale is the strongest available upper indication, although bedroom count, size and condition are not supplied. The detached and other-property sales are not sufficiently comparable. A base GDV of £165,000 is therefore used cautiously, with substantial valuation uncertainty.

Investment Snapshot

Strategy Recommendation

Consider as a buy-to-let only if inspection, legal review and independent rent verification support the auctioneer's assumptions. Do not rely on a refinance or flip strategy without confirming tenure, condition, costs and achievable GDV.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, routine preparation for reletting and verification of statutory and property compliance before purchase; no refurbishment allowance is included due to insufficient evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the cautious £165,000 base GDV, 75% refinance proceeds would be approximately £123,750. Against the guide price plus the stated buyer fee of £147,340, indicative cash left in is £23,590 before any works, finance, tax or additional fees. The result is highly dependent on achieving the assumed GDV and rent, and no refurbishment allowance has been included because none is evidenced.

Buy-to-Let Analysis

At the £145,000 guide, the auctioneer's £1,100 PCM rent indicates £13,200 annual rent and a gross yield of approximately 9.10%. Including the stated £2,340 buyer fee, the gross yield is approximately 8.96%. This is based solely on an auctioneer estimate, with no independent rental comparable, and excludes finance, tax, insurance, maintenance, voids and any additional special-condition fees.

Flip Analysis

A potential gross value uplift exists between the £145,000 guide and the £165,000 base GDV, but the £20,000 difference is before selling costs, finance, tax, buyer fees, any works and unknown special-condition costs. A reliable flip surplus cannot be established because refurbishment and selling allowances are unsupported.

Investor Risks & Due Diligence

• The £1,100 PCM rent is an auctioneer estimate rather than an achieved or independently evidenced rent.

• Only limited comparable evidence is available, with no supplied bedroom, floor-area or condition details for the sold terraced properties.

• The property is vacant, creating reletting and potential void risk.

• Tenure, EPC, heating, council tax and parking information are not supplied.

• Additional fees may apply under the Special Conditions of Sale.

• Any works, finance, tax, insurance, maintenance and selling costs are excluded from the stated calculations.

Recommendation

Consider as a buy-to-let only if inspection, legal review and independent rent verification support the auctioneer's assumptions. Do not rely on a refinance or flip strategy without confirming tenure, condition, costs and achievable GDV.

Strategy Rating

Analysis Confidence

The guide, buyer fee, occupancy, auctioneer rent estimate and limited sold evidence are supplied, but tenure, EPC, condition detail, property size, independent rental evidence, refurbishment costs and possible special-condition fees are absent.