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9 Water Street, Ribchester, Preston, Lancashire
Marketed by:
Auction House North West
311 Garstang Rd, Fulwood, Preston PR2 9XJ, UK
01772 772450
Vacant Two-Bedroom Freehold Terraced House
9 Water Street, Ribchester, Preston, Lancashire
Unsold
£110,000+
• 2 Bedrooms
• Terraced House
• Freehold
• Vacant
• Current Rating D
Description
Vacant Two Bedroom Mid Terrace Cottage
Accommodation
The property comprises of lounge, dining room, kitchen, two bedrooms and a bathroom. Externally there is a garden to the rear.
Location
Located in the charming village of Ribchester which benefits from a good range of cafés and hostelries as well as a post office/general store, and is well placed for transport links.
Tenure / Property Information
Tenure |
Freehold |
Occupancy |
Vacant |
EPC |
Current Rating D |
Council Tax |
Band C |
Investment Analysis
Same-street sold comparables range from £159,950 to £318,000, with the two newest sales at £159,950 and £212,500. However, bedroom count, condition and specification are not supplied for the comparables, so no reliable GDV or valuation range can be established. The guide is £110,000, plus a minimum £3,600 admin charge and potentially further legal-pack costs.
Investment Snapshot
Guide Price |
£110,000 (plus fees) |
Strategy Recommendation
Do not bid on current evidence. Obtain the legal pack, inspect the property and establish local two-bedroom rental and comparable-sale evidence before considering purchase.
Works Required
No specific defects or refurbishment requirements are evidenced. Allow only for inspection-led works, compliance checks and any normal redecoration or repairs identified after viewing; no quantified allowance is supportable.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
30, Water Street, Ribchester, Preston, Ribble Valley, Pr3 3yj |
£159,950 |
|
13, Water Street, Ribchester, Preston, Ribble Valley, Pr3 3yj |
£212,500 |
|
18, Water Street, Ribchester, Preston, Ribble Valley, Pr3 3yj |
£318,000 |
|
34, Water Street, Ribchester, Preston, Ribble Valley, Pr3 3yj |
£195,000 |
|
19, Water Street, Ribchester, Preston, Ribble Valley, Pr3 3yj |
£182,000 |
Potential BRRR Position
A BRRR assessment cannot be completed without a defensible GDV, refurbishment budget, rent and finance assumptions. Refinance proceeds and cash left in are therefore unsupported.
Buy-to-Let Analysis
A BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The property is vacant and the minimum known acquisition cost is £113,600 before any disbursements or works.
Flip Analysis
A flip appraisal cannot be quantified. Although nearby completed sales provide broad context, differences in bedroom count, condition and specification prevent a reliable resale GDV or surplus calculation.
Investor Risks & Due Diligence
• No sufficiently specific rental evidence is available.
• Comparable sale prices vary materially and lack bedroom and condition details.
• Property condition and refurbishment requirements are not evidenced.
• Minimum £3,600 admin charge applies, with possible additional legal-pack disbursements and seller-related charges.
• The property is vacant, so there is no passing rental income.
Recommendation
Do not bid on current evidence. Obtain the legal pack, inspect the property and establish local two-bedroom rental and comparable-sale evidence before considering purchase.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
Recent same-street sales are available, but comparable specifications, property condition, rental evidence, refurbishment costs and legal-pack charges are incomplete.
Auction Details :
Auction House North West
Auction Date :
14/10/26
Lot Number :
4
Property Location:
9 Water Street, Ribchester, Preston, Lancashire
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