89 High Street, Queenborough, Kent, ME11 5AG

Description

A one bedroom mid terrace house. Benefitting from a small garden. In need of updating. Vacant. EPC rating - D.

Accommodation

Ground Floor - Lounge, Kitchen/Diner, Shower Room; First Floor - Bedroom, Bathroom

Location

Queenborough is a maritime town located on the Isle of Sheppey in the Swale borough of Kent. The High Street can be accessed via North Road. Due to its location with the town centre it has a range of local amenities which are all easily accessible. There are a range of recreational amenities including the Queenborough Harbour and Queenborough Castle and Sheppey Leisure complex. Transport: Queenborough - Southeastern; Sheerness-on-Sea - Southeastern.

Tenure / Property Information

Investment Analysis

The supplied completed sales on High Street range from £238,000 to £290,000, but no bedroom counts, accommodation details or condition are provided for those comparables. They therefore cannot support a reliable GDV for this vacant one-bedroom house in need of updating. The £135,000 guide excludes the buyer’s fee and potentially VAT, with seller charges also unknown.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Proceed only after confirming condition, obtaining a detailed works budget, establishing one-bedroom resale and rental comparables, and checking all auction and seller charges.

Works Required

Updating is required, but the evidence does not specify the extent of works. Obtain a full inspection and quotes before budgeting; no specific defects or refurbishment items can be assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten without a supported post-works GDV, refurbishment budget, rent and full acquisition-cost information. The property is vacant and freehold, but the extent of updating remains unquantified.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Buyer fees, VAT and any seller charges are also unknown.

Flip Analysis

A flip appraisal is not supportable. Although nearby completed sales are supplied, their bedroom counts, accommodation and condition are unknown, so they cannot establish a reliable resale value for this one-bedroom property. Selling costs are also not supplied.

Investor Risks & Due Diligence

• Unknown extent and cost of the required updating

• Comparable sales lack bedroom, accommodation and condition details

• No sufficiently specific rental evidence or auctioneer rent estimate

• Buyer fee and possible VAT are excluded from the guide

• Seller charges and VAT treatment are not confirmed

• Vacant property may require verification of condition and services before purchase

Recommendation

Do not bid on the supplied evidence alone. Proceed only after confirming condition, obtaining a detailed works budget, establishing one-bedroom resale and rental comparables, and checking all auction and seller charges.

Strategy Rating

Analysis Confidence

Completed sales are available, but comparable bedroom counts and condition are absent; rental evidence, works costs, buyer fees, seller charges and VAT treatment are also unavailable.