61 Brentwood Road, Nelson, Lancashire, BB9 8AY

Description

Tenanted two bed terraced house. Not yet inspected by Auction House, however understood to be a tenanted two bed mid terrace house. Property is 77m² as taken from EPC. Externally, there is a yard to the front and rear of the property.

Accommodation

Entrance hall, living room, kitchen/diner, two bedrooms and a bathroom.

Tenure / Property Information

Investment Analysis

The strongest evidence is 45 Brentwood Road, a same-street leasehold terrace sold for £85,000 in July 2026. Other same-street sales range from £64,000 to £75,000, while the £152,500 sale at No. 39 is a significant outlier with no size or condition details supplied. A base GDV of £85,000 is therefore used, with a low scenario of £64,000 and a high scenario of £152,500, although the high scenario has low comparability confidence. The £62,000 guide appears below the latest same-street comparable, but the subject has not been inspected and is tenanted.

Investment Snapshot

Strategy Recommendation

Potential income hold/BTL only if the tenancy, passing rent, arrears position, legal pack and property condition are verified. Avoid a flip or BRRR strategy unless inspection and detailed costs demonstrate adequate margin.

Works Required

No specific refurbishment works or cost allowance can be supported because the property has not been inspected and is tenanted. Confirm condition, tenancy obligations, compliance and any required works before bidding. EPC rating is currently D.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a base GDV of £85,000, 75% refinance is £63,750. This is only £1,750 above the £62,000 guide and below the guide plus the known minimum £3,600 admin charge, before refurbishment, finance, legal-pack disbursements and other costs. The refinance proceeds would therefore be unlikely to recover the full project cost on the supplied evidence. The £64,000 low-GDV case would not support recovery of the guide price plus the minimum admin charge.

Buy-to-Let Analysis

Using the exact advertised rent of £477 pcm, annual gross rent is £5,724 and the gross yield on the £62,000 guide is approximately 9.2%. The £595 pcm evidence implies approximately 11.5% on the guide, but both rental figures are advertised asking rents rather than achieved or confirmed passing rent. The 2.75% admin charge is subject to a £3,600 minimum, so the purchase plus known minimum admin charge would be £65,600 before any works, legal-pack disbursements or other fees. A fully costed yield cannot be established without verified rent, condition and total costs.

Flip Analysis

A flip surplus cannot be reliably calculated because refurbishment costs, selling costs and the property's condition are unknown. The base GDV of £85,000 provides limited apparent headroom over the £62,000 guide, but the minimum £3,600 admin charge and unknown works and selling costs materially reduce that margin.

Investor Risks & Due Diligence

• Property has not been inspected by the auctioneer, so condition and required works are unknown.

• The property is tenanted; tenancy terms, rent, arrears, deposits and possession position are not supplied.

• Rental figures are advertised asking rents, not confirmed achieved or passing rent.

• Ground rent and potential lease-related obligations require review in the legal pack.

• Additional legal-pack disbursements, seller's costs, legal fees, transfer fees or search fees may apply.

• Completed-sale evidence varies materially from £64,000 to £152,500 and lacks size and condition detail.

• The minimum £3,600 admin charge applies at the £62,000 guide, with other fees potentially payable.

Recommendation

Potential income hold/BTL only if the tenancy, passing rent, arrears position, legal pack and property condition are verified. Avoid a flip or BRRR strategy unless inspection and detailed costs demonstrate adequate margin.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence and property-specific advertised rent evidence, but the property has not been inspected, the tenancy and passing rent are unconfirmed, the legal-pack costs are incomplete, and comparable sale details are limited.