61a Station Road, Wombwell, Barnsley, South Yorkshire

Description

Investment opportunity comprising a freehold self-contained flat with two-bedroom accommodation, located to the rear of the building, with a rear garden and single garage. GIA approximately 58 sq m (624 sq ft). Situated in a well-established and popular residential area with excellent transport links.

Accommodation

Two-bedroom accommodation; located to the rear of the building; garden to the rear; single garage; GIA approximately 58 sq m (624 sq ft), source: EPC.

Location

Situated in a well-established and popular residential area. The property is within easy reach of local shops, schools and amenities, with excellent transport links offering convenient access to surrounding areas.

Tenure / Property Information

Investment Analysis

The £35,000+ guide is the only supplied purchase evidence. No completed comparable sales, formal valuation, condition report or flat-specific rental evidence has been provided, so GDV and investment returns cannot be reliably estimated. The £675 pcm evidence relates to advertised two-bedroom houses and should not be treated as an achieved rent or directly equivalent flat rent.

Investment Snapshot

Strategy Recommendation

Do not set a bid or proceed on investment assumptions from the current evidence. Obtain a viewing, condition assessment, flat-specific rental evidence, completed-sale comparables and all applicable buyer or seller charges before bidding.

Works Required

No specific works are evidenced. A viewing and inspection would be required before identifying or costing any refurbishment, compliance or repair works.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported GDV, flat-specific rent, refurbishment budget or total project cost. Refinance proceeds and cash left in are therefore unsupported.

Buy-to-Let Analysis

The property is vacant and described as a two-bedroom flat with a garden and garage. The only rental evidence is an advertised £675 pcm for two-bedroom houses, which is not sufficiently comparable to establish a reliable flat rent or gross yield. No operating costs, buyer fees or refurbishment allowance are supplied.

Flip Analysis

A flip appraisal cannot be completed because no completed sales, GDV or refurbishment costs are supplied. Any resale surplus would be speculative.

Investor Risks & Due Diligence

• No completed comparable sales or formal valuation are supplied.

• The £675 pcm figure is an advertised asking rent for two-bedroom houses, not an achieved rent for this flat.

• Property condition and refurbishment requirements are unknown.

• Buyer, administration and other potential charges are unspecified.

• No flat-specific operating costs or rental demand evidence are supplied.

Recommendation

Do not set a bid or proceed on investment assumptions from the current evidence. Obtain a viewing, condition assessment, flat-specific rental evidence, completed-sale comparables and all applicable buyer or seller charges before bidding.

Strategy Rating

Analysis Confidence

Only the guide price, property description, EPC floor area, tenure, vacancy and one non-equivalent advertised rental are supplied; there are no sales comparables, condition details, fees or flat-specific achieved rents.