53 Waterloo Road, Hakin, Milford Haven, Pembrokeshire, SA73 3PD

Description

A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Milford Marina are within easy reach. Transport links are provided by Aberdaugleddau/Milford Haven (MFH) rail station.

Tenure / Property Information

Investment Analysis

The five supplied same-road freehold terraced comparables sold between £101,000 and £148,500. The most recent comparable, 44 Waterloo Road, sold for £116,000 in May 2025. A provisional base GDV of £116,000 is used, but the subject's refurbishment condition and EPC G mean the comparables are not a formal valuation and may not be directly comparable.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional refurbishment opportunity after inspection, legal-pack review and a robust works quotation. Do not rely on the guide price alone or bid without establishing total project cost and resale or rental evidence.

Works Required

Refurbishment is required based on the auction description, but no detailed schedule or cost evidence is supplied. Obtain a full inspection and legal review before specifying works; assess the EPC G rating as part of the refurbishment planning.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £116,000 base GDV, a 75% refinance would be approximately £87,000. The cash position cannot be calculated because refurbishment, disbursement, finance and other project costs are not supplied. BRRR should not be underwritten until these costs and achievable rent are evidenced.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment costs, finance costs and additional completion charges are also unknown. The property is vacant and requires refurbishment.

Flip Analysis

The supplied sales evidence supports a provisional GDV range of £101,000 to £148,500, with £116,000 as the base case. Flip profitability cannot be calculated because refurbishment costs, selling costs and other completion charges are unavailable.

Investor Risks & Due Diligence

• Current EPC rating G indicates poor energy performance, but no remedial scope or cost is supplied.

• The property is explicitly described as needing refurbishment, with no inspection report or works schedule provided.

• No sufficiently specific rental evidence is available, preventing supported yield analysis.

• Additional disbursements, search fees, seller-cost reimbursement, legal fees and transfer fees may be payable under the auction terms.

• Comparable sale prices range materially from £101,000 to £148,500 and may reflect differences in condition or specification not supplied for this property.

Recommendation

Proceed only as a conditional refurbishment opportunity after inspection, legal-pack review and a robust works quotation. Do not rely on the guide price alone or bid without establishing total project cost and resale or rental evidence.

Strategy Rating

Analysis Confidence

Same-road completed-sale evidence is available, but the subject's condition, refurbishment cost, achievable rent, detailed property attributes, legal-pack disbursements and selling costs are not evidenced.