9 Castle Hill Square, Worksop, Nottinghamshire, S80 1NR

Description

An excellent opportunity to acquire this two-bedroom mid-terraced property in a central Worksop location, offered with vacant possession and no upward chain. The property has two reception rooms, a fitted kitchen, ground-floor bathroom, two double bedrooms and a versatile dressing room with potential for reconfiguration subject to necessary consents.

Accommodation

Ground floor: front-facing lounge with feature fireplace, dining room with open fireplace, fitted kitchen with wall and base units and space for appliances, and a bathroom with a three-piece suite. First floor: two double bedrooms, with Bedroom Two providing access to a dressing room housing the Worcester combination boiler and built-in storage. Shared paved area to the rear.

Location

Conveniently located close to Worksop town centre, local shops, schools, healthcare facilities and transport connections, with access to the A57, A1 and M1.

Tenure / Property Information

Investment Analysis

The supplied Land Registry comparables are same-street terraced sales ranging from £60,500 to £80,366, but they completed in 2007, 2015 and 2016. No current comparable evidence, condition assessment or adjustment basis is provided, so a reliable present-day GDV cannot be established. The £50,000 guide is not a valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a current valuation or stronger comparable evidence, a full survey, a detailed auction legal pack review and a confirmed works budget. On the supplied evidence, avoid bidding on an investment case based solely on the £50,000 guide.

Works Required

Obtain a full survey and confirm the condition of the accommodation, kitchen, bathroom, heating system and fireplaces. Any repairs or cosmetic works should be specified after inspection. Investigate the dressing-room reconfiguration and obtain any necessary consents before relying on that potential.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR viability cannot be quantified because current GDV, refurbishment cost, rent and refinance value are unsupported. The known auction admin charge is £3,600 including VAT, while special conditions may create further costs. Do not rely on refinance proceeds without current valuation and lending evidence.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating surplus and debt affordability therefore cannot be established. The property is vacant and has two bedrooms, but expected rent remains unsupported.

Flip Analysis

A flip appraisal cannot be completed reliably. Although historic same-street sales provide a broad historical reference range of £60,500 to £80,366, they are materially dated and no current GDV, condition, works budget, selling costs or transaction-cost schedule is supplied.

Investor Risks & Due Diligence

• Historic comparables may not represent current market value.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Property condition and required refurbishment costs are unknown.

• Dressing-room reconfiguration is subject to necessary consents.

• Additional special-condition charges may apply beyond the stated £3,600 admin charge.

• A full auction legal-pack review is required before bidding.

Recommendation

Proceed only after obtaining a current valuation or stronger comparable evidence, a full survey, a detailed auction legal pack review and a confirmed works budget. On the supplied evidence, avoid bidding on an investment case based solely on the £50,000 guide.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy and auction admin charge are supplied, but current market evidence, rental evidence, condition, refurbishment costs, selling costs and full special-condition costs are unavailable.