62 York Street, Barnoldswick, Lancashire BB18 5BE

Description

Vacant Two Bed Terraced House With Attic Room. The property briefly comprises: entrance vestibule; hallway giving access to the reception rooms plus staircase to the first floor; front sitting room; living/dining room with understairs storage space; kitchen; landing giving access to the bedrooms and bathroom; Bedroom 1; Bedroom 2; bathroom; attic/occasional bedroom 3/study; garden forecourt to front; enclosed flagged area to the rear. Property is 79m² (as taken from EPC).

Accommodation

Ground floor: entrance vestibule, hallway, front sitting room, living/dining room with understairs storage space, kitchen. First floor: landing, Bedroom 1, Bedroom 2, bathroom. Attic/occasional Bedroom 3/study. External: garden forecourt to front and enclosed flagged area to rear.

Tenure / Property Information

Investment Analysis

The five supplied same-street completed sales range from £90,000 to £137,500. The most recent evidence is £90,000 at 78 York Street in October 2023 and £110,000 at 86 York Street in March 2024. A provisional base GDV of £100,000 is used, with a £90,000–£110,000 evidence-led range. Differences in condition, accommodation and sale circumstances are not supplied, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Do not commit to a BTL, BRRR or flip strategy on the current evidence. Treat the guide as an initial bidding reference only and proceed only after verifying condition, legal-pack costs, achievable rent and the attic room's status.

Works Required

No condition or defect schedule is supplied, so a refurbishment budget cannot be supported. Obtain a full inspection and legal-pack review before budgeting; only necessary works identified by that evidence should be allowed for.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £100,000 base GDV, 75% refinance is £75,000. A complete BRRR calculation cannot be made because refurbishment costs, buyer premium, disbursements and rent are unsupported. At the £85,000 guide, the stated 2.75% administration charge would be £2,337.50, before any buyer premium or other costs.

Buy-to-Let Analysis

BTL underwriting is not possible from the supplied evidence because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Gross yield and total-cost yield cannot therefore be established. The property is vacant, but buyer premium, refurbishment costs and other disbursements are also unknown.

Flip Analysis

The provisional GDV range is £90,000–£110,000 based on supplied same-street completed sales. Flip surplus cannot be calculated because refurbishment costs, buyer premium, disbursements and selling costs are not supplied. The guide is below the base GDV before allowing for those costs, but this does not establish a viable margin.

Investor Risks & Due Diligence

• Condition and required works are not described, so refurbishment exposure is unknown.

• No sufficiently specific rental evidence or auctioneer rent estimate is provided.

• Buyer premium amount is unspecified and disbursements or other legal-pack charges may apply.

• The attic is described as an occasional bedroom 3/study; its formal bedroom status is not established.

• Supplied same-street sales range materially from £90,000 to £137,500, indicating uncertainty around achievable value.

Recommendation

Do not commit to a BTL, BRRR or flip strategy on the current evidence. Treat the guide as an initial bidding reference only and proceed only after verifying condition, legal-pack costs, achievable rent and the attic room's status.

Strategy Rating

Analysis Confidence

There are five same-street completed sales and clear tenure, size and occupancy information, but condition, rent, refurbishment costs, buyer premium, disbursements and selling costs are unavailable.