74 Queens Road, Brentwood, Essex, CM14 4HD

Description

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

Accommodation

Ground Floor: Reception Room, Kitchen, Utility Room, Bathroom, Separate WC. First Floor: Two Bedrooms.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of St. Faith's Country Park are within easy reach. Transport links are provided by Brentwood underground station (Elizabeth line) and Shenfield rail station.

Tenure / Property Information

Investment Analysis

The nearest supplied evidence is same-road terraced freehold sales at £360,000 on 30 June 2026 and £363,000 on 30 January 2024. Other same-road evidence ranges from £255,000 to £315,000, indicating variation likely reflecting differences in condition, specification or timing. A base GDV of £360,000 is supported, with a conservative evidenced scenario of £315,000 and an upper scenario of £363,000. The property is explicitly described as requiring refurbishment, but no works scope or cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a detailed refurbishment quotation and legal-pack review. The evidence suggests potential value uplift, but the unknown works and completion costs prevent a reliable maximum bid or confirmed project profit.

Works Required

Refurbishment is required, but the evidence does not specify the defects or scope. Obtain a full inspection and contractor quotations before bidding; no unsupported works have been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £360,000 base GDV, 75% refinancing would equate to £270,000 before finance, valuation and lender criteria. However, total project cost and cash left in cannot be calculated because refurbishment costs and applicable disbursements are unknown. The strategy requires a condition survey, legal-pack review and confirmed refinance valuation.

Buy-to-Let Analysis

The supplied rental listing advertises £1,800 pcm, equivalent to £21,600 annually. Against the £230,000 guide, this indicates a gross yield of approximately 9.39%. A yield on total project cost cannot be established because refurbishment costs, disbursements and any other purchase costs are not supplied. The rent is an asking rent, not an achieved or passing rent.

Flip Analysis

The supplied same-road sales support a base resale value of approximately £360,000, with evidenced scenarios of £315,000 to £363,000. A flip surplus cannot be calculated because refurbishment costs, selling costs and applicable disbursements are not supplied.

Investor Risks & Due Diligence

• The property is vacant and explicitly requires refurbishment, but the condition and works scope are not detailed.

• Refurbishment costs are unavailable, preventing calculation of total cost, maximum bid and project return.

• The £1,800 pcm figure is an advertised asking rent rather than achieved or passing rent.

• Additional disbursements may be payable under the legal pack, but their amount is unknown.

• Comparable sale prices range materially from £255,000 to £363,000.

• Finance, refinancing and valuation outcomes are not guaranteed.

Recommendation

Proceed only subject to a detailed refurbishment quotation and legal-pack review. The evidence suggests potential value uplift, but the unknown works and completion costs prevent a reliable maximum bid or confirmed project profit.

Strategy Rating

Analysis Confidence

Recent same-road sold comparables, guide price and an advertised rent are supplied, but refurbishment scope, costs, selling costs, disbursements and legal-pack liabilities are missing.