60 Geoffrey Street, Preston, Lancashire

Description

Three Bedroom Mid Terrace House. Terrace house located in popular residential area close to shops and schools. Viewings will be available from start of September and property is being sold with vacant possession.

Accommodation

Three Bedroom Mid Terrace House

Location

Popular residential area close to shops and schools.

Tenure / Property Information

Investment Analysis

Recent same-street terraced freehold sales were £100,000, £104,000 and £121,000 in 2024–2025. An indicative base GDV of £108,333 uses the mean of these three sales; condition and exact comparability are unconfirmed.

Investment Snapshot

Strategy Recommendation

Proceed only subject to satisfactory viewing, legal-pack review and independent refurbishment and rental assessment. The apparent value gap warrants investigation but does not support a firm bid limit.

Works Required

No works are evidenced. Inspection and review of the legal pack are required before budgeting refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative base GDV, 75% refinance would be approximately £81,250. Refurbishment cost, total project cost, finance costs and rent are unsupported, so cash recycling and viability cannot be confirmed.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence, passing rent or operating costs are supplied. The property is stated to have vacant possession.

Flip Analysis

The guide price is below the recent same-street sales range, but no refurbishment allowance, selling costs or condition evidence is supplied. Flip surplus cannot be calculated reliably.

Investor Risks & Due Diligence

• Property condition and refurbishment requirements are not supplied.

• No sufficiently specific rental evidence is available.

• Legal-pack disbursements and other purchaser charges may apply.

• Comparable sale prices range from £100,000 to £121,000 and exact specification and condition are unconfirmed.

• Tenure is stated as freehold, but the listing also refers to the legal pack.

Recommendation

Proceed only subject to satisfactory viewing, legal-pack review and independent refurbishment and rental assessment. The apparent value gap warrants investigation but does not support a firm bid limit.

Strategy Rating

Analysis Confidence

Recent same-street sales and the guide price are available, but condition, exact comparable specification, rent, refurbishment costs and legal-pack details are absent.