78 Abbotsbury Road, Weymouth, Dorset, DT4 0AG

Description

A three-bedroom house in Weymouth, Dorset. Arranged over three floors, the accommodation comprises a living room, sitting room, dining room, kitchen, three bedrooms, bathroom and a shower room. Externally there is a large rear garden.

Accommodation

Entrance Hall; Living Room: 12'2 x 11'7; Sitting Room: 12'0 x 11'0; Dining Room: 12'4 x 8'7; Kitchen: 14'9 x 13'2; Bedroom One: 15'9 x 11'8; Bedroom Two: 11'11 x 10'2; Bedroom Three: 14'5 x 9'2; Bathroom: 8'7 x 5'10; Shower Room: 6'0 x 5'0.

Location

Weymouth, Dorset

Tenure / Property Information

Investment Analysis

The supplied completed sales are relevant same-road leasehold terraced comparables, but the latest is £242,000 on 30 September 2016 and the others are from 2015, 2012, 2001 and 1998. No current valuation evidence, rental evidence or condition assessment is provided, so a reliable current GDV or market-value range cannot be established. The £150,000 guide is an auction guide, not a valuation.

Investment Snapshot

Strategy Recommendation

Do not bid based on the current evidence alone. Obtain a current valuation, full lease details, condition survey, realistic rental evidence and a complete schedule of auction and legal costs before considering purchase.

Works Required

No specific refurbishment works are evidenced. The EPC rating is E47, so energy-improvement requirements should be reviewed, together with the property condition, before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable without a current GDV, refurbishment budget, rent, lease details and finance assumptions. The historic same-road sales are too dated to use as a reliable refinance valuation without further evidence.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield cannot therefore be calculated. The lease terms, condition and additional acquisition costs also require confirmation.

Flip Analysis

A flip analysis cannot be reliably completed because the available comparable sales are historic and no supported works budget, current GDV or selling-cost allowance is provided. The known buyer premium and admin charge total £2,700, before other possible costs.

Investor Risks & Due Diligence

• Latest supplied comparable sale is from 2016, so current market value is uncertain.

• Lease term and other lease details are not supplied.

• No condition report or supported refurbishment budget is provided.

• No sufficiently specific rental evidence or passing rent is available.

• Additional costs may include search fees, seller-cost reimbursement, legal fees and transfer fees.

• EPC rating is E47 and potential improvement requirements have not been assessed.

Recommendation

Do not bid based on the current evidence alone. Obtain a current valuation, full lease details, condition survey, realistic rental evidence and a complete schedule of auction and legal costs before considering purchase.

Strategy Rating

Analysis Confidence

The property description and historic same-road sales are available, but current valuation, rental, condition, lease-term and full-cost evidence is missing.