50 Orchard View, Teynham, Sittingbourne, Kent, ME9 9DL

Description

A Vacant Three Bedroom Mid Terrace House in Need of Modernisation. The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room; Kitchen. First Floor: Three Bedrooms; Bathroom. Exterior: The property benefits from a front yard and a rear garden.

Location

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

Tenure / Property Information

Investment Analysis

Recent evidence includes £250,000 for the same street in September 2024 and £218,500 for the same address in February 2021. These provide a broad evidence range, but the comparables’ condition and specification are not supplied. A £250,000 base GDV is therefore indicative only, before allowing for the subject’s required modernisation.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Obtain the legal pack, inspect the property, price the modernisation and establish achievable rent before setting a bid limit.

Works Required

Modernisation of the vacant three-bedroom house, including the kitchen, bathroom and general finishes, subject to inspection and contractor pricing. No specific defects or scope are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not reliable without refurbishment pricing, supported rent and complete acquisition costs. The indicative £187,500 refinance figure is based solely on 75% of the £250,000 base GDV and excludes lending costs.

Buy-to-Let Analysis

BTL cannot be underwritten because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Modernisation costs and total acquisition costs are also unknown.

Flip Analysis

The latest same-street sale supports an indicative £250,000 GDV, with £218,500 as a lower evidenced reference. Flip surplus cannot be calculated because works, resale costs and total project costs are unsupported.

Investor Risks & Due Diligence

• The property is stated to need modernisation, but the extent and cost of works are unknown.

• No sufficiently specific rental evidence is available.

• Special conditions may create additional search, legal, transfer or seller-cost charges.

• The comparable properties’ condition and specification are not supplied.

• No parking, heating or council-tax information is provided.

Recommendation

Do not bid on current evidence. Obtain the legal pack, inspect the property, price the modernisation and establish achievable rent before setting a bid limit.

Strategy Rating

Analysis Confidence

There is useful same-street sold-price evidence, but no condition-adjusted valuation, refurbishment quotation, rental evidence or complete fee information.