6 Simeon Street & 5 Peel Cottage Street, Todmorden, Lancashire, OL14 7QL

Description

Freehold end of terrace house. Two former back to back properties converted into a single dwelling.

Accommodation

Three bedrooms, two reception rooms, kitchen, bathroom/WC. Outside: yard.

Location

The property is located on the corner of Simeon Street at its junction with Peel Cottage Street. Shopping amenities are available within Todmorden, with a further range of shops, bars and restaurants in Burnley Town Centre to the north east and Manchester City Centre to the south. Public transport links are available at Walsden Train Station to the north, along with local bus services. Road links include the A6033 to the east. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

The £100,000 guide is not a formal valuation. No completed-sale comparables, sufficiently specific rental evidence, condition assessment or supported GDV have been supplied, so market value and resale value cannot be reliably estimated.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after obtaining a survey, confirming heating and parking, reviewing the special conditions and establishing local completed-sale and rental evidence.

Works Required

No specific defects or required works are evidenced. Obtain a full survey and confirm the condition of the converted former back-to-back properties, kitchen, bathroom/WC, heating, roof, services and external yard before budgeting works.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be supported without a defensible GDV, rent, refurbishment budget and full acquisition-cost information. The £1,800 buyer fee and any applicable seller fees must be included in due diligence.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate has been supplied. The known purchase guide is £100,000, with a buyer contract documentation fee of £1,800 inclusive of VAT; seller fees may also apply.

Flip Analysis

A flip appraisal cannot be calculated because there are no completed-sale comparables, supported GDV, condition-based works allowance or supported selling-cost allowance. The guide should not be treated as a resale valuation.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence, so achievable rent and yield are unverified.

• No completed-sale comparables, so market value and GDV are unsupported.

• Property condition and required refurbishment are not evidenced.

• Heating and parking information require confirmation from the auction centre.

• Seller fees may be payable under the Special Conditions of Sale and are not quantified.

• The property comprises two former back-to-back properties converted into one dwelling; the conversion and associated legal/building-control documentation require due diligence.

Recommendation

Do not bid on the current evidence alone. Proceed only after obtaining a survey, confirming heating and parking, reviewing the special conditions and establishing local completed-sale and rental evidence.

Strategy Rating

Analysis Confidence

The evidence confirms the property type, tenure, accommodation, guide and one buyer fee, but provides no sold comparables, rental evidence, condition details, works budget or GDV support.