Flat 1 & 2, 37-39 Market Place, Uttoxeter, Staffordshire

Description

Investment/vacant opportunity comprising two long leasehold self-contained flats. Each flat provides a reception room, two bedrooms, kitchen and bathroom. A six-week completion period is available on this lot.

Accommodation

Each flat provides a reception room, two bedrooms, kitchen and bathroom.

Location

Situated on the south side of Market Place at its junction with Market Street. Local shops and amenities are available in Uttoxeter town centre. The A518 (Old Knotty Way) is to the south and the A50 (Uttoxeter Bypass) to the north. Uttoxeter rail station provides services to Nottingham, Crewe and Lincoln stations. The open spaces of Oldfields are to the west and Uttoxeter Racecourse is within reach.

Tenure / Property Information

Investment Analysis

The £145,000+ guide is the only supplied price evidence and is not a formal valuation. No HM Land Registry completed sales, specific rental comparables, EPC, council tax, parking, heating, buyer premium, admin charge or other fee amounts are supplied. Market value, supported GDV and a reliable maximum bid therefore cannot be established. The property comprises two self-contained two-bedroom flats on a new 999-year lease at a peppercorn ground rent; one is tenanted under an Assured Periodic Tenancy and Flat 2 is vacant.

Investment Snapshot

Strategy Recommendation

Proceed only after verifying the existing tenancy and rent, inspecting both flats, confirming title and lease details, obtaining rental and valuation evidence, and identifying all buyer and seller charges. Subject to those checks, a hold-and-let strategy is more directly aligned with the stated investment and vacant-flat opportunity than a speculative flip.

Works Required

No specific defects or refurbishment requirements are evidenced. Complete inspections and obtain relevant compliance and condition information before budgeting works. Any works should be limited to evidenced repairs, safety compliance and preparation of the vacant flat for letting unless further evidence identifies additional requirements.

Rental & Market Context

Potential BRRR Position

BRRR cannot be modelled because GDV, achievable rents, refurbishment costs, finance costs and acquisition charges are unsupported. The long lease and peppercorn ground rent are positive stated features, but refinance proceeds cannot be calculated without a supported valuation.

Buy-to-Let Analysis

Potentially suitable for a two-unit buy-to-let strategy, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Passing rent, tenancy terms, achievable rent for the vacant flat, operating costs and purchase costs are required before yield or cash flow can be assessed.

Flip Analysis

A flip assessment is not supportable: there are no completed sales, GDV evidence, refurbishment budget or selling-cost allowance. The vacant flat may provide flexibility, but no resale surplus can be calculated.

Investor Risks & Due Diligence

• One flat is subject to an Assured Periodic Tenancy, but no rent, tenancy terms or possession position are supplied.

• Flat 2 is vacant, so achievable rent and any preparation requirements remain unverified.

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

• No condition, EPC, council tax, parking or heating information is supplied.

• Buyer premium, admin charge and other possible seller or third-party fees are not quantified.

• The six-week completion period requires funding, legal review and completion readiness within that timeframe.

• The property is long leasehold, so title and lease terms should be reviewed despite the stated 999-year term and peppercorn ground rent.

Recommendation

Proceed only after verifying the existing tenancy and rent, inspecting both flats, confirming title and lease details, obtaining rental and valuation evidence, and identifying all buyer and seller charges. Subject to those checks, a hold-and-let strategy is more directly aligned with the stated investment and vacant-flat opportunity than a speculative flip.

Strategy Rating

Analysis Confidence

Core property and tenure information is supplied, but there is no completed-sales evidence, rental evidence, condition information, EPC, operating-cost data or quantified auction fees.