94 Springfield Road, Wantage, Oxfordshire, OX12 8EZ

Description

A Vacant Three Bedroom Mid Terrace House

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: rear garden and off street parking.

Location

The property is situated on a residential road close to local shops and amenities. There are numerous green open spaces that are within easy reach. Transport links are provided by the A34 to the east.

Tenure / Property Information

Investment Analysis

Five same-road freehold terraced sales range from £225,000 to £285,000, averaging £257,400. The base GDV uses this average, but the subject property's floor area, internal condition and precise comparable characteristics are not supplied, so this is an indicative evidence-based estimate rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Conditional BTL/BRRR consideration at or near the guide, subject to inspection, legal-pack review, confirmation of works and validation of achievable rent. Do not rely on the headline gross yield or GDV without those checks.

Works Required

No specific defects or refurbishment requirements are described. Obtain a survey and inspect the vacant property before budgeting for works; only general property assessment and any legally required works can be identified from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the indicated 75% refinance of the base GDV is £193,050. However, refurbishment costs, disbursements and total project cost are unknown, so cash left in and equity cannot be calculated reliably. The strategy is dependent on achieving a valuation within the comparable range and securing refinance on acceptable terms.

Buy-to-Let Analysis

The explicitly identified three-bedroom asking rent is £1,650 pcm, equivalent to £19,800 annually and a 16.5% gross yield against the £120,000 guide. A second Wantage asking-rent figure of £900 pcm produces a 9.0% sensitivity. These are advertised asking rents, not achieved rents, and costs, finance, voids, management and refurbishment are unknown, so net returns cannot be established.

Flip Analysis

The five supplied comparable sales support an indicative resale range of £225,000 to £285,000, with a £257,400 base. A flip surplus cannot be calculated because refurbishment costs, purchase-related disbursements and selling costs are not supplied.

Investor Risks & Due Diligence

• The auction guide may not represent the eventual purchase price.

• The property's internal condition and any required works are not supplied.

• Rental figures are advertised asking rents rather than achieved rents, with only one figure explicitly identified as a three-bedroom rent.

• Buyer disbursements may be payable under the legal pack but are not quantified.

• The comparable sales range is £225,000 to £285,000 and the subject property's size and condition relative to those properties are unknown.

• Finance, void, management, maintenance and selling costs are not supplied.

Recommendation

Conditional BTL/BRRR consideration at or near the guide, subject to inspection, legal-pack review, confirmation of works and validation of achievable rent. Do not rely on the headline gross yield or GDV without those checks.

Strategy Rating

Analysis Confidence

The evidence includes five same-road sold comparables, tenure, occupancy and rental asking data, but omits floor area, condition detail, refurbishment costs, legal disbursements, selling costs and achieved rent.