69 Fenton Road, Bournemouth, Dorset, BH6 5BU

Description

A Vacant Three Bedroom Detached House in Need of Refurbishment. The property comprises a three bedroom detached house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, WC. First Floor: Three Bedrooms, Bathroom. Exterior: rear garden and off street parking.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Fishermans Walk Park are within easy reach. Transport links are provided by Pokesdown rail station.

Tenure / Property Information

Investment Analysis

Recent same-road HM Land Registry detached freehold sales were £425,000 in June 2024 and £460,000 in May 2024. A midpoint of these two sales is used as the base GDV, but floor areas, condition and specification of the comparables are unavailable, so the range is indicative only.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, a verified refurbishment quotation and a conservative resale appraisal. The evidence currently supports conditional resale potential, but not a firm maximum bid or rental strategy.

Works Required

Refurbishment of the vacant three-bedroom detached house. The supplied evidence does not identify specific defects, required trades or specification, so no detailed scope or cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £290,000 guide, the 75% refinance indication on the base GDV would be £331,875. However, refurbishment costs, total project cost, finance costs and achievable rent are unavailable, so cash-out and BRRR viability cannot be confirmed.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate was supplied. Refurbishment costs and total acquisition costs are also unknown.

Flip Analysis

The same-road evidence indicates an indicative GDV range of £425,000–£460,000, with a £442,500 base case. A flip surplus cannot be calculated because refurbishment costs, selling costs and the full acquisition cost including possible auction disbursements are unknown.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not specified.

• The sold comparables lack floor-area, condition and specification details.

• No sufficiently specific rental evidence is available.

• Additional legal-pack disbursements and other special-condition charges may be payable.

• The current EPC rating is E and no improvement cost or requirement has been supplied.

Recommendation

Proceed only subject to legal-pack review, a verified refurbishment quotation and a conservative resale appraisal. The evidence currently supports conditional resale potential, but not a firm maximum bid or rental strategy.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, guide price and two recent same-road sales are available, but comparable sizes and condition, refurbishment costs, rent, finance costs and potential auction disbursements are not.