57A Station Street, Ashbourne, Derbyshire

Description

A Vacant First and Second Floor Four Bedroom Split Level Maisonette in Need of Refurbishment. The property comprises a first and second floor four bedroom split level maisonette situated within an end of terrace building arranged over ground and two upper floors. By Order of the Executors.

Accommodation

First Floor: Two Reception Rooms, Kitchen. Second Floor: Four Bedrooms, Two Bathrooms.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Ashbourne Park are within easy reach. Transport links are provided by the A52.

Tenure / Property Information

Investment Analysis

The guide is £45,000+, but current market value cannot be established from the supplied evidence. The only sale comparable is the same address, recorded at £45,000 in January 2002, which is historic and not a reliable current valuation. No current comparable sales or sufficiently specific rental evidence were supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, inspect the property, confirm the flying-freehold arrangements, obtain a refurbishment quotation and establish current local sales and rental evidence before considering purchase.

Works Required

Refurbishment is required, but the supplied evidence does not identify the individual works or provide a costed schedule. The current EPC rating is G and should be reviewed as part of the refurbishment assessment.

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. The purchase guide and £1,800 including VAT admin charge are supplied, but GDV, refurbishment cost, achievable rent and other possible fees or disbursements are not established. The flying freehold and EPC G also require due diligence.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate was supplied. The vacant status may allow future letting, but rent, refurbishment cost and total investment cost remain unquantified.

Flip Analysis

A flip appraisal cannot be supported because there is no current GDV evidence, refurbishment budget or supported selling allowance. The 2002 same-address sale is insufficient for a current resale assessment.

Investor Risks & Due Diligence

• Flying freehold structure requires legal and practical due diligence.

• The property is described as requiring refurbishment, but the scope and cost are unknown.

• EPC rating G may require improvement, with no upgrade cost or compliance assessment supplied.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Buyer premium, disbursements and other possible auction costs are not quantified.

• No current comparable sales evidence was supplied; the only comparable is a 2002 sale of the same address.

Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, inspect the property, confirm the flying-freehold arrangements, obtain a refurbishment quotation and establish current local sales and rental evidence before considering purchase.

Strategy Rating

Analysis Confidence

The evidence confirms the property description, guide, vacancy, tenure, EPC rating and admin charge, but lacks current comparable sales, rent evidence, a works schedule, lease/legal details and other cost information.