63 Maskelyne Avenue, Bristol, Avon, BS10 5DA

Description

A Vacant Three Bedroom End of Terrace House Situated on a Large Plot in Need of Refurbishment. Potential for Side and Rear Extensions (Subject to Obtaining all Relevant Consents)

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: Front and rear gardens, an outbuilding and outside WC.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Horfield Common are within easy reach. Transport links are provided by Ashley Down rail station.

Tenure / Property Information

Investment Analysis

The only supplied comparable is 39 Maskelyne Avenue, a freehold terraced property sold for £219,950 in September 2015. It is not sufficiently current or detailed to support a reliable present-day GDV, particularly as the subject is an end-terrace house described as needing refurbishment and has potential extensions subject to consent. The £140,000+ guide is not a valuation and should not be treated as evidence of market value.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Obtain a current valuation, detailed refurbishment quotation, rental evidence, legal-pack review and planning advice before setting a bid limit.

Works Required

Refurbishment of the existing three-bedroom house, including review and renewal of finishes and any defective elements identified by inspection. Assess the kitchen, bathroom, heating, electrics, external areas, outbuilding and outside WC. Investigate the feasibility of side and rear extensions, subject to planning permission, building regulations and other relevant consents. No specific defects or scope costs are supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be reliably underwritten. Purchase price, refurbishment cost and the £1,800 administration fee are known or indicated, but GDV, rent and refinance value are unsupported. Extension potential is conditional on obtaining the relevant consents and should not be included in the base case.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate are supplied. The property is vacant and refurbishment requirements, operating costs and finance costs are also unknown.

Flip Analysis

A flip surplus cannot be calculated. The sole comparable is from 2015 and does not establish a current resale value; refurbishment costs, selling costs and any extension costs are unknown. The £1,800 administration fee and any legal-pack disbursements should be allowed for where applicable.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not specified.

• Potential side and rear extensions are subject to obtaining relevant consents and may not be achievable.

• No sufficiently specific rental evidence or passing rent is available.

• The only supplied sale comparable is from 2015 and is a different stated property type: terraced rather than end of terrace.

• A £1,800 inc VAT administration fee applies, with possible additional legal-pack disbursements.

• No EPC, council tax, parking or heating information is supplied.

Recommendation

Do not proceed on the supplied evidence alone. Obtain a current valuation, detailed refurbishment quotation, rental evidence, legal-pack review and planning advice before setting a bid limit.

Strategy Rating

Analysis Confidence

Evidence includes the property description, guide and administration fee, but lacks current comparable sales, rental evidence, condition detail, EPC, council tax, parking/heating information, refurbishment costs and confirmed disbursements.