9 Nelson Street, Scarborough, North Yorkshire YO12 7SZ

Description

A mid-terraced property, with two-bedrooms. The accommodation comprises, two reception rooms, a kitchen, a living room, two bedrooms, a bathroom plus a loft room. There is a yard to the rear and street parking available. The property is well located for a range of amenities including shops, schools and transport links. The total approximate floor area, taken from the EPC is 98m2. All services/appliances have not and will not be tested.

Accommodation

Two reception rooms, a kitchen, a living room, two bedrooms, a bathroom and a loft room. Yard to the rear.

Location

Well located for a range of amenities including shops, schools and transport links.

Tenure / Property Information

Investment Analysis

Five same-street completed sales range from £108,000 to £128,000. The two latest sales were £115,000 and £123,000. A cautious base GDV of £115,000 is used, with £108,000–£128,000 as the evidenced range. Condition differences cannot be assessed from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Potentially attractive BTL or BRRR at the guide, subject to inspection, service testing, legal-pack review and confirmation of works costs. Do not bid above a level supported by a completed cost assessment.

Works Required

No specific refurbishment works are evidenced. Inspect the property, test services and appliances, and assess the implications of the EPC E rating before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £115,000 base GDV, 75% refinance is £86,250. The buyer premium is £1,200 because 1.2% of the guide is below the stated minimum. Cash left in cannot be calculated reliably because works and possible disbursements are unknown.

Buy-to-Let Analysis

The advertised asking rent is £850 pcm, equating to £10,200 annually and 15.69% against the £65,000 guide before buyer premium, works, finance and other costs. Yield on true total cost cannot be established because refurbishment and disbursement costs are unknown. The rent is advertised, not achieved.

Flip Analysis

The evidenced GDV range is £108,000–£128,000. A reliable flip surplus cannot be calculated because refurbishment costs, selling costs and legal-pack disbursements are not supplied.

Investor Risks & Due Diligence

• All services and appliances have not and will not be tested.

• The current EPC rating is E and any improvement cost is unknown.

• The £850 pcm figure is an advertised asking rent, not achieved rent.

• Potential legal-pack disbursements and other purchaser costs are not quantified.

• Property condition and refurbishment requirements are not evidenced.

Recommendation

Potentially attractive BTL or BRRR at the guide, subject to inspection, service testing, legal-pack review and confirmation of works costs. Do not bid above a level supported by a completed cost assessment.

Strategy Rating

Analysis Confidence

Strong same-street completed-sale evidence and one rental listing are available, but property condition, refurbishment costs, achieved rent, selling costs and legal-pack disbursements are unknown.