6 Albion Street, Saxmundham, Suffolk

Description

A charming two-bedroom semi-detached house within easy walking distance of Saxmundham town centre and railway station. This vacant property provides a fantastic opportunity for renovation and improvement, making it an ideal project for owner-occupiers or investors. Benefitting from front and rear gardens with the rear garden currently overgrown but due to be cleared and incorporating a useful brick-built store.

Accommodation

Entrance; Living Room - 6'7 x 23'1; Kitchen - 5'4 x 10'2; First Floor Landing; Bedroom One - 8'6 x 13'7; Bedroom Two - 7'9 x 8'6; Bathroom - 5'2 x 11'11

Location

Within easy walking distance of Saxmundham town centre and railway station; central location.

Tenure / Property Information

Investment Analysis

The supplied comparables are historical: £136,000 in 2014 and £148,000 in 2009 for semi-detached properties on Albion Street, including this address. They do not provide a reliable current market value. The £150,000 guide is above the latest supplied comparable, while current condition and auction fees are not quantified.

Investment Snapshot

Strategy Recommendation

Proceed only as a renovation project after inspecting condition and confirming all auction fees and a current resale or rental valuation. Do not rely on the supplied evidence for a firm investment bid.

Works Required

Renovation and improvement as required, plus clearance of the overgrown rear garden. The supplied evidence does not identify specific internal defects or provide a works budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR viability cannot be established. A current GDV, refurbishment budget, rent and total acquisition costs are unavailable; the property is vacant and requires renovation and improvement.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, refurbishment cost or buyer fees is supplied.

Flip Analysis

A flip appraisal cannot be supported because the comparables are historic, no current GDV or refurbishment allowance is available, and auction fees are unspecified beyond “PLUS FEES”.

Investor Risks & Due Diligence

• Historical comparables may not reflect current value.

• The property is vacant and described as requiring renovation and improvement.

• The rear garden is currently overgrown.

• EPC rating is E.

• Buyer/admin fees are not quantified and the auction entry states “PLUS FEES”.

• No sufficiently specific rental evidence is available.

Recommendation

Proceed only as a renovation project after inspecting condition and confirming all auction fees and a current resale or rental valuation. Do not rely on the supplied evidence for a firm investment bid.

Strategy Rating

Analysis Confidence

Property particulars and several historical comparables are supplied, but current valuation, condition, refurbishment costs, rent and total purchase costs are missing.