51, Synderford Close, DIDCOT, Oxfordshire, OX11 7UT

Description

Freehold two floor semi-detached house requiring modernisation. By order of a Major Housing Association.

Accommodation

First floor: Three bedrooms, bathroom/WC, landing. Ground floor: Two reception rooms, kitchen, cloakroom/WC, hall. Outside: Front and rear garden. Gross Internal Area GIA: Approximately 76 sq m (823 sq ft).

Location

The property is situated on Synderford Close which is located off Cow Lane via Halse Water. Public transport links include Didcot Parkway mainline rail station together with a network of local bus services serving the surrounding vicinity. Road links include the A34 and A4130. Shopping amenities can be found locally within Didcot town centre, with an extensive range of shops, bars and restaurants being found in Oxford City Centre. Recreational pursuits can be found locally at the open spaces of Ladygrove Lakes, Edmonds Park and the Ladygrove recreational ground.

Tenure / Property Information

Investment Analysis

Evidence is limited to older same-close completed sales, with the latest supplied sale being £170,000 in June 2011. These sales do not provide a reliable current market value for the 76 sq m house. The £180,000 guide is therefore not independently validated as either below or above current market value. Rental evidence is advertised asking rent rather than achieved rent and is not directly property-specific.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally as a potential buy-to-let or owner-occupier purchase, subject to a full survey, confirmed modernisation costs, legal review and local letting-agent rent validation. Do not bid on a flip or BRRRR basis without current GDV evidence.

Works Required

Modernisation is required, but no detailed schedule or cost evidence is supplied. A survey and contractor quotations are required before budgeting; the works scope should be limited to defects and finishes confirmed by inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because current GDV, refurbishment cost and achievable rent are not sufficiently evidenced. The £1,800 buyer administration charge is known, but seller charges and all refurbishment costs remain unknown. Refinance proceeds at 75% of GDV therefore cannot be calculated.

Buy-to-Let Analysis

Indicative advertised rents of £1,400–£1,650 pcm imply gross yields of approximately 9.33%–11.00% against the £180,000 guide, before modernisation, finance, management, maintenance, voids and tax. The evidence is not a confirmed passing rent or property-specific achieved rent, so the yield should be treated as provisional. The £1,800 buyer administration charge is payable in addition to the guide, with any seller charges unknown.

Flip Analysis

A flip calculation cannot be supported because there is no current comparable evidence establishing GDV, no refurbishment budget and no supported selling-cost allowance. The latest supplied same-close sale is £170,000 from 2011 and is too dated to determine a current resale value.

Investor Risks & Due Diligence

• Current market value is not established by the supplied evidence; the latest comparable sale is from 2011.

• The property requires modernisation, but no detailed condition report or refurbishment costings are supplied.

• Rental figures are advertised asking rents, not achieved rents or a confirmed passing rent for this property.

• The £1,800 buyer administration charge is known, but possible seller charges under the special conditions are unknown.

• Parking and heating information require confirmation from the auction centre.

• Finance, management, maintenance, void, tax and selling costs are not supplied.

Recommendation

Proceed only conditionally as a potential buy-to-let or owner-occupier purchase, subject to a full survey, confirmed modernisation costs, legal review and local letting-agent rent validation. Do not bid on a flip or BRRRR basis without current GDV evidence.

Strategy Rating

Analysis Confidence

The property description, tenure, vacant possession, guide and buyer charge are clear, but current valuation evidence, detailed condition, refurbishment costs, achieved rent, seller charges, parking and heating information are unavailable.