75 Lords Croft, Clayton-Le-Woods, Chorley, Lancashire PR6 7TR

Description

One Bedroom End Terrace Property. The accommodation briefly comprises an entrance porch with useful storage, lounge, kitchen diner, double bedroom complete with wardrobe storage, along with a three-piece family bathroom suite. Additional storage can be found on the landing. Externally, the property benefits from an enclosed rear garden and a driveway positioned to the side provides convenient off-road parking.

Accommodation

Entrance porch with useful storage, lounge, kitchen diner, double bedroom with wardrobe storage, three-piece family bathroom suite, and additional landing storage.

Location

Ideally located within easy reach of the M6 and M61 motorways, with access to major North West towns and cities. Nearby amenities include the Lancashire countryside and Cuerden Valley Park, offering scenic walks and outdoor leisure opportunities.

Tenure / Property Information

Investment Analysis

The only closely relevant evidence is 73 Lords Croft at £92,500 in August 2011. The other supplied sales relate to 66 Lords Croft and date from 2002–2006. These historic transactions do not provide a sufficiently reliable current GDV or market value for 75 Lords Croft. The £75,000 guide is not a valuation and is stated to be plus fees.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. First obtain a current comparable valuation, rental evidence, inspection findings and the legal pack; reconsider only if the resulting total-cost and exit analysis supports the purchase.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain inspection and legal-pack information before budgeting for works; the stated accommodation, garden, driveway and EPC rating D should be verified during due diligence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be reliably modelled because current GDV, rent, refurbishment cost and total acquisition costs are unsupported. A 75% refinance calculation should not be undertaken without a defensible current valuation and finance assumptions.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. At the £75,000 guide, the stated admin charge would be £3,600 including VAT because the 2.75% calculation is below the minimum. Other disbursements and costs remain unspecified.

Flip Analysis

A flip appraisal cannot be established. The available comparable evidence is historic, no current GDV is supported, no works allowance is evidenced, and selling costs are not supplied. The guide price plus the known minimum admin charge is £78,600 before any other costs or works.

Investor Risks & Due Diligence

• Current GDV cannot be supported from the supplied historic comparable sales.

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

• Property condition and refurbishment requirements are not evidenced.

• Disbursements and possible seller, legal, search and transfer costs may be payable under the legal pack.

• The £75,000 guide is plus fees and is not a formal valuation.

Recommendation

Do not bid on the supplied evidence alone. First obtain a current comparable valuation, rental evidence, inspection findings and the legal pack; reconsider only if the resulting total-cost and exit analysis supports the purchase.

Strategy Rating

Analysis Confidence

The property description, tenure, guide and minimum admin charge are supplied, but current valuation, rent, condition, refurbishment costs, selling costs and several legal-pack costs are not evidenced. The comparable sales are materially historic.