7 Moor View, Laira, Plymouth, Devon

Description

A Vacant Two Bedroom End of Terrace House in Need of Modernisation. The property comprises a two bedroom end of terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms; Kitchen. First Floor: Two Bedrooms; Bathroom. Exterior: The property benefits from both front and rear gardens.

Location

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

Tenure / Property Information

Investment Analysis

The exact property has a completed sale at £102,000 on 16 July 2026. Other same-road sales range from £112,500 to £145,500 but are older and may not reflect current condition or market values. A base GDV of £102,000 is therefore used, subject to modernisation requirements and legal/survey review. The £70,000+ guide is before the £1,800 administration charge and potentially further undisclosed costs.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally after reviewing the legal pack, survey findings and full modernisation budget. Do not rely on the guide price alone; the investment case is currently unquantified.

Works Required

Modernisation of the two-bedroom end-terrace house, including kitchen, bathroom, finishes and any other defects identified by survey. The evidence does not quantify the required scope or cost.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £102,000 base GDV, a 75% refinance illustration is £76,500. Because refurbishment costs, purchase price, additional fees and rent are unsupported, total project cost, equity requirement and cash left in cannot be calculated.

Buy-to-Let Analysis

The property is vacant and has two bedrooms, but no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rental income and yield cannot therefore be established. Modernisation costs are also unknown.

Flip Analysis

The available completed-sale evidence supports a £102,000 base GDV, but refurbishment costs, selling costs and total acquisition costs are unknown. A reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Required modernisation scope and cost are unknown.

• No sufficiently specific rental evidence is available.

• Special Conditions may impose additional search, legal, transfer or seller-cost charges.

• The recent £102,000 sale may not represent post-modernisation value.

• The property is vacant and no passing income is available.

Recommendation

Proceed only conditionally after reviewing the legal pack, survey findings and full modernisation budget. Do not rely on the guide price alone; the investment case is currently unquantified.

Strategy Rating

Analysis Confidence

The exact property has a recent completed sale, but there is no rental evidence, refurbishment cost information, detailed condition survey or complete fee schedule.