7 St Patricks Road South, Lytham St Annes, Lancashire, FY8 2BA

Description

Of interest to investors and developers. A four bedroom terraced house, in need of refurbishment. Benefitting from a new roof recently installed. Well located for the amenities of Lytham St Annes.

Accommodation

Four bedroom terraced house

Location

Lytham St Annes is a popular seaside resort located 5 miles south of Blackpool and 52 miles North West of Manchester. The property is situated on St Patricks Road, close to the junction of St Anne's Road East. Shopping facilities are located locally along with a good selection of cafes bars and restaurants. Recreational facilities can be found at the nearby beach and Pier. Road communications are via the M55 A583 and A584 which are all close by. Transport: St Annes-on-the-Sea (National Rail).

Tenure / Property Information

Investment Analysis

The £180,000 guide is the only current pricing reference supplied. One completed sale on the same road at £215,000 dates from 30 April 2004, so it is too historic to support a current GDV without further evidence. Current market value, refurbishment cost and resale value cannot be reliably established from the supplied data.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain a current valuation, detailed refurbishment schedule, rental assessment, title information and full auction costs before considering a refurbishment or resale strategy.

Works Required

Refurbishment is required, but the description does not specify the scope. Obtain a full inspection and cost plan; verify the condition and certification of the recently installed roof before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR appraisal cannot be completed because current GDV, refurbishment cost, rent and refinance assumptions are unsupported. The vacant status may allow works to proceed, but the financial outcome remains unquantified.

Buy-to-Let Analysis

BTL appraisal cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Buyer fees, potential VAT and any seller charges are also unspecified.

Flip Analysis

A flip appraisal cannot be completed reliably. The only comparable is a 2004 completed sale, while the refurbishment scope, current GDV, buyer fee and possible VAT or seller charges are unknown.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified.

• The only supplied comparable sale dates from 2004 and may not represent current value.

• Buyer fees are unspecified.

• VAT may apply and seller's additional charges are not confirmed.

• No sufficiently specific rental evidence is available.

• Tenure and lease information are not supplied.

• The condition and certification of the recently installed roof require verification.

Recommendation

Do not bid on the supplied evidence alone. Obtain a current valuation, detailed refurbishment schedule, rental assessment, title information and full auction costs before considering a refurbishment or resale strategy.

Strategy Rating

Analysis Confidence

The property description confirms a vacant four-bedroom terraced house needing refurbishment and a recently installed roof, but there is no current comparable evidence, rental evidence, EPC, tenure information, refurbishment budget or complete fee schedule.