76, Forest Road, SOUTHPORT, Merseyside

Description

Freehold semi-detached house

Accommodation

Second floor: Two bedrooms, attic room. First floor: Three bedrooms, bathroom/wc. Ground floor: Three reception rooms, kitchen. Outside: Garden, drive.

Location

The property is located on Forest Road. Shopping amenities are available locally within Southport Town Centre with a further range of shops, bars and restaurants found within Liverpool City Centre lying to the south and Preston City Centre located to the north east. Public transport links are available at Southport Train Station lying to the north west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A570 located to the south and the A565 lying to the west. Recreational pursuits are available at Princes Park and Southport Beach both lying to the west.

Tenure / Property Information

Investment Analysis

The supplied completed sales are same-road semi-detached freehold comparables ranging from £186,250 to £325,000. The £325,000 sale is materially higher than the other recent evidence and may reflect differences in condition, size or specification, which are not supplied. The £180,000 guide is below the lowest supplied comparable, but the subject’s condition, parking and heating details are not confirmed. A cautious base GDV of £198,000 is used, with a supported evidence range of £186,250 to £325,000; this is an estimate rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to full legal, survey and condition due diligence. Treat as a potential value-add or owner-occupier purchase rather than an underwritten BTL, unless local rental evidence and a firm works budget are obtained.

Works Required

No specific defects or works are evidenced beyond the EPC G rating. Obtain a full survey and quotations before budgeting for energy, structural, fabric, services, layout or finish improvements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the cautious £198,000 base GDV, 75% refinancing equates to approximately £148,500. Total project cost cannot be established because refurbishment costs, finance costs and any seller charges are unknown. The strategy should not be relied upon without a survey, works budget, local rent evidence and confirmation of auction special conditions.

Buy-to-Let Analysis

BTL appraisal cannot be completed because no Southport rent evidence or auctioneer rent estimate is supplied. The two rental listings relate to CM11 and Leicester and are not suitable evidence for this property. Gross yield, operating costs and mortgage coverage therefore remain unquantified.

Flip Analysis

The guide is £18,000 below the cautious £198,000 base GDV before the £1,800 administration charge and any works, finance, selling costs or seller charges. A reliable flip surplus cannot be calculated because refurbishment and selling allowances are unsupported. The wide comparable range creates substantial valuation risk.

Investor Risks & Due Diligence

• EPC rating G may indicate material energy-efficiency requirements, but the actual remedial scope is not supplied.

• The subject’s condition and required refurbishment costs are unknown.

• The comparable sales vary substantially, from £186,250 to £325,000, with no condition, size or specification details supplied.

• No suitable local rental evidence or auctioneer rent estimate is available.

• Parking and heating details require confirmation from the auction centre.

• The seller may charge additional completion fees under the special conditions of sale.

• Occupancy information is not supplied and must be verified before exchange.

Recommendation

Proceed only subject to full legal, survey and condition due diligence. Treat as a potential value-add or owner-occupier purchase rather than an underwritten BTL, unless local rental evidence and a firm works budget are obtained.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and a known administration charge, but bedroom comparability, condition, rent, works, parking, heating, occupancy and possible seller charges are unconfirmed.