5 The Circle, Tilbury, Essex, RM18 7RS

Description

A Vacant Two Bedroom Semi Detached House in Need of Refurbishment. The property comprises a two bedroom semi detached house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom, Separate WC. Exterior: The property benefits from both front and rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Koala Park are within easy reach. Transport links are provided by Tilbury Town rail station.

Tenure / Property Information

Investment Analysis

The £200,000+ guide is the only current pricing evidence. The supplied sold comparables are for the same street/property but date from 1999–2009 and do not support a current GDV. Current market value, refurbishment cost and resale value cannot therefore be established reliably.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, survey, refurbishment quotations, current valuation and local rental evidence before setting a maximum bid.

Works Required

Refurbishment is stated as required, but no specific defects or scope are provided. Obtain a survey and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be modelled: current value, refurbishment cost, achievable rent and refinance value are unsupported. The £1,800 administration charge is known, while other possible disbursements are unspecified.

Buy-to-Let Analysis

BTL viability cannot be assessed because no sufficiently specific rental evidence, rent estimate or refurbishment cost is supplied.

Flip Analysis

A flip surplus cannot be calculated because no current GDV, works cost or supported selling allowance is available. Historic comparables are insufficient for a current resale assessment.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unknown.

• No sufficiently specific rental evidence is available.

• The sold comparables are historic, dating from 1999 to 2009.

• Additional disbursements and other purchaser charges may be payable under the legal pack.

• The property is vacant, so no passing rent is evidenced.

Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, survey, refurbishment quotations, current valuation and local rental evidence before setting a maximum bid.

Strategy Rating

Analysis Confidence

Only the guide price, property description, one known fee and historic same-area sales are supplied; current GDV, works, rent and resale costs are unsupported.