61 Seatoller Court, Royton, Oldham, Lancashire

Description

Leasehold self-contained ground floor flat by order of a Housing Association. Vacant possession.

Accommodation

Reception Room, Two Bedrooms, Kitchen, Bathroom, Storage Room. GIA (Source: EPC) approximately 62 sq m (667 sq ft).

Location

The property is situated on the south side of Stavely Walk to the west of its junction with Horden Walk. Local shops and amenities are available along Rochdale Road. Mills Hill Train Station is approximately 2.6 miles to the south west. The A627 is accessible to the west providing access onto the M62 motorway. Royton Park is nearby.

Tenure / Property Information

Investment Analysis

No completed-sale comparables or supported valuation evidence were supplied, so GDV and market value cannot be established. The £68,000+ figure is an auction guide, not a formal valuation. Lease terms, condition, parking, heating, council tax and applicable fees also require verification.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, inspect the flat, confirm lease terms and obtain local rental and sales evidence before setting a maximum bid.

Works Required

No specific works are evidenced. Allowance should not be estimated until inspection and the legal pack confirm condition, services and any leasehold obligations.

Rental & Market Context

Potential BRRR Position

BRRR analysis cannot be supported without a GDV, refurbishment budget, rent evidence, lease details and known acquisition costs. The lease and legal pack should be reviewed before considering refinanceability.

Buy-to-Let Analysis

BTL returns cannot be calculated because no sufficiently specific rental comparable or auctioneer rent estimate was supplied. Vacant possession means there is no passing rent to assess.

Flip Analysis

A flip surplus cannot be calculated because there are no completed-sale comparables, supported GDV, refurbishment costs or selling-cost allowance. The guide price alone does not establish resale value.

Investor Risks & Due Diligence

• Lease length, ground rent, service charge, restrictions and other lease terms are unknown pending legal-pack review.

• No sufficiently specific rental evidence is available, so income and yield cannot be assessed.

• Property condition and required works are not evidenced.

• Additional seller or third-party charges may apply.

• Vacant possession provides no evidence of an existing passing rent.

Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, inspect the flat, confirm lease terms and obtain local rental and sales evidence before setting a maximum bid.

Strategy Rating

Analysis Confidence

Only the property description, approximate size, guide price and vacant possession are supplied; there are no sale comparables, rental evidence, condition details, lease particulars or buyer/admin fee information.