76 Stokes Bay Road, Gosport, Hampshire, PO12 2QX

Description

A Vacant Derelict One Bedroom Park Home Situated on a Plot of Land Measuring Approximately 218 sq m (2,346 sq ft)

Accommodation

The lot comprises a derelict one bedroom park home situated on a plot of land measuring approximately 218 sq m (2,346 sq ft). The property has not been inspected by Auction House London. All information has been supplied by the vendor.

Location

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

Tenure / Property Information

Investment Analysis

No completed sales, formal valuation, guide price or GDV evidence is supplied. The property is described as a vacant derelict one-bedroom park home, and the auctioneer has not inspected it. The plot size is stated as approximately 218 sq m, but no evidence establishes the value of the park home, occupation rights, site charges, assignment terms or redevelopment potential. The £575 pcm figure is an advertised local asking rent and is not sufficient to establish rent for this derelict park home.

Strategy Recommendation

Do not bid on the supplied evidence alone. Proceed only after reviewing the legal pack and confirming the assignment, occupation rights, site charges, transfer requirements, condition and a survey-backed works budget.

Works Required

A full inspection and legal review are required first. Works are likely to be needed to return the derelict park home to habitable condition, but the evidence does not support specifying the scope, specification or cost of repairs.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten because there is no guide price, GDV, refurbishment budget, confirmed rent, refinance valuation or evidence of mortgageability. By-assignment terms, park rules, site charges and lender acceptability require legal and specialist confirmation.

Buy-to-Let Analysis

BTL viability cannot be established. The home is described as derelict and vacant, no rent is passing, and the only supplied £575 pcm figure is an advertised asking rent for houses in Stokes Bay Road rather than an achieved rent or confirmed park-home rent. No purchase price, works budget, site charges or other operating costs are supplied.

Flip Analysis

A flip appraisal cannot be completed because there are no comparable completed sales, GDV evidence, purchase price or supported refurbishment and selling-cost allowances. The derelict condition and uninspected status create substantial uncertainty over the resaleable end value.

Investor Risks & Due Diligence

• Auction House London has not inspected the property and information was supplied by the vendor.

• The park home is described as derelict and vacant, but the extent and cost of required works are unknown.

• The property is held by assignment; assignment rights, site rules, charges and transfer requirements are not supplied.

• No guide price or completed comparable evidence is provided.

• Special conditions may impose disbursements, search fees, seller-cost reimbursement, legal fees or transfer fees.

• The £575 pcm figure is an advertised asking rent and may not represent achievable rent for this park home.

• No EPC, council tax, parking or heating information is supplied.

Recommendation

Do not bid on the supplied evidence alone. Proceed only after reviewing the legal pack and confirming the assignment, occupation rights, site charges, transfer requirements, condition and a survey-backed works budget.

Strategy Rating

Analysis Confidence

The property is uninspected and derelict, while guide price, completed comparables, GDV, works costs, legal terms, site charges and confirmed rental evidence are absent.