60 Coniston Avenue, Lytham St. Annes, Lancashire

Description

Vacant three bedroom terrace house. The property comprises of hallway, kitchen, living room, three bedrooms and a bathroom. Externally there is off street parking to the front and a generous rear garden with several out buildings.

Accommodation

Hallway, kitchen, living room, three bedrooms and a bathroom.

Location

Located in a popular residential area close to schools and shops.

Tenure / Property Information

Investment Analysis

Same-street Land Registry sales range from £90,000 to £150,000, with the most recent supplied sale at £125,000 in June 2023. The comparables do not provide condition, size or bedroom detail, so £125,000 is a cautious base GDV, with £120,000–£150,000 as an evidence-based scenario range.

Investment Snapshot

Strategy Recommendation

Proceed only as a cautious owner-occupier purchase or after full inspection and legal-pack review. The supplied evidence does not support a robust BTL, BRRR or flip case at the guide.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and any buyer-identified repair, decorating or garden/outbuilding works only after viewing and legal review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £110,000 guide, the known minimum buyer/admin charge is £3,600, before any works, finance, legal or disbursement costs. A 75% refinance of the £125,000 base GDV would be approximately £93,750, but total project cost and cash required cannot be calculated without works and other cost evidence.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, so void and letting assumptions remain unquantified.

Flip Analysis

The £125,000 base GDV is only £15,000 above the guide before the £3,600 minimum admin charge, works, finance, selling costs and unknown disbursements. A reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or passing rent is supplied.

• Comparable sales lack condition, size and bedroom detail and span 2021–2023.

• The property is vacant, with no void or letting assumptions available.

• Disbursements and other special-condition charges may be payable and are unknown.

• Refurbishment requirements and costs are not evidenced.

• The buyer/admin charge is subject to a £3,600 minimum, and the buyer premium is unspecified.

Recommendation

Proceed only as a cautious owner-occupier purchase or after full inspection and legal-pack review. The supplied evidence does not support a robust BTL, BRRR or flip case at the guide.

Strategy Rating

Analysis Confidence

Several same-street completed sales and core property details are available, but condition, floor area, rental evidence, works cost and full auction charges are missing.