7 Hillside Road, Preston, Lancashire, PR1 4NY

Description

A three bedroom detached house. A freehold detached house comprising: Ground floor – entrance hall, study, utility room and garage. First floor - lounge, dining room, kitchen, w.c and bedroom. Second floor- two bedrooms and bathroom. Split level rear gardens and shared parking to the front. Japanese Knotweed has been reported in the rear garden.

Accommodation

Ground floor: entrance hall, study, utility room and garage. First floor: lounge, dining room, kitchen, W.C. and bedroom. Second floor: two bedrooms and bathroom. Split-level rear gardens and shared parking to the front.

Location

Located just off London Road (A6) and a short walk to Preston City Centre. Junction 31 M6 is less than 5 minutes’ drive away, providing access to Manchester.

Tenure / Property Information

Investment Analysis

The only supplied comparable is 6 Hillside Road, a detached freehold property sold for £136,000 in January 2015. The subject guide is £140,000, but no recent completed sales, current valuation evidence, condition details or specification-adjustment evidence are supplied. A current GDV therefore cannot be supported. Japanese Knotweed has been reported in the rear garden and may affect marketability and costs.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. First obtain current comparable valuation evidence, a Japanese Knotweed report and a full condition/works assessment; proceed only if the resulting total cost supports the intended exit.

Works Required

Obtain a specialist Japanese Knotweed inspection and, if confirmed, undertake an appropriate treatment or remediation plan. No other works allowance is supported because the evidence does not describe the internal condition, services or required refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a supported current GDV, refurbishment budget, rent and finance assumptions. The reported Japanese Knotweed is a material due-diligence item before relying on refinance value or lenderability.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. At the £140,000 guide, the known buyer premium and administration charge would be £1,500 and £3,850 respectively, before any other fees, works, finance or tax.

Flip Analysis

A flip surplus cannot be calculated. The only comparable is a 2015 sale at £136,000, with no current GDV evidence, quantified works budget, selling allowance or condition assessment. Known acquisition charges at the guide total £5,350 before other possible fees.

Investor Risks & Due Diligence

• Japanese Knotweed has been reported in the rear garden; extent, confirmation, treatment and cost are unknown.

• Only one supplied comparable is available and it completed in January 2015, limiting current market assessment.

• Internal condition, services, heating and required refurbishment are not supplied.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• Buyer premium and administration charge apply, with additional possible search, seller, legal, transfer and disbursement costs.

• Occupancy information is not supplied.

• Parking is shared rather than stated as exclusive parking.

Recommendation

Do not bid on current evidence alone. First obtain current comparable valuation evidence, a Japanese Knotweed report and a full condition/works assessment; proceed only if the resulting total cost supports the intended exit.

Strategy Rating

Analysis Confidence

Evidence includes property particulars, one dated local completed sale and known auction charges, but lacks current valuation evidence, rental evidence, condition survey, works budget, occupancy information and full completion costs.