Flat 10, 3, Upgang Lane, Whitby, North Yorkshire, YO21 3DT

Description

Leasehold first floor flat

Accommodation

Two bedrooms, reception room open plan to kitchen, bathroom/wc

Location

The property is located on Upgang Lane. Shopping amenities can be found locally within Whitby Town Centre. Public transport links are available at Whitby Train Station to the east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A171 to the south. Recreational pursuits can be found at Pannett Park to the east.

Tenure / Property Information

Investment Analysis

The latest supplied completed sale at 3 Upgang Lane was £185,000 on 31 July 2026, with older same-address sales ranging from £60,500 to £260,000. These records do not identify Flat 10 specifically and show substantial variation, so £185,000 is used as an indicative base GDV only. The supplied evidence does not establish condition, parking, service charge, ground rent, heating or exact comparable unit characteristics.

Investment Snapshot

Strategy Recommendation

Do not bid on the present evidence alone. First verify that the comparable sales relate to a sufficiently similar flat, obtain the lease and service-charge information, confirm condition and parking, and establish achievable rent and total acquisition costs.

Works Required

No specific defects or works are evidenced. Obtain inspection and full legal/lease information, including the implications of EPC E, before budgeting refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £185,000 base GDV, 75% refinancing would be approximately £138,750. However, refurbishment cost, purchase costs beyond the £1,800 documentation fee, lease costs and finance costs are unknown, so required equity and cash left in cannot be calculated reliably.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Service charge, ground rent and council tax are also unresolved, preventing a reliable net-cost assessment.

Flip Analysis

A potential resale value is suggested by the £185,000 latest same-address sale, with supplied historical evidence ranging from £116,000 to £260,000 in the more recent records. No supported works budget, selling allowance or full acquisition cost is available, so a flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Comparable sales are recorded at 3 Upgang Lane rather than specifically identifying Flat 10.

• Significant variation exists in the supplied historical sale prices.

• Annual service charge, ground rent and review terms are unknown.

• Parking, heating and council tax information is unresolved.

• No reliable rental evidence is supplied, so yield cannot be established.

• EPC is rated E, but no further condition or improvement scope is provided.

• Seller fees may be payable under the Special Conditions of Sale.

• Refurbishment and full acquisition costs are unknown.

Recommendation

Do not bid on the present evidence alone. First verify that the comparable sales relate to a sufficiently similar flat, obtain the lease and service-charge information, confirm condition and parking, and establish achievable rent and total acquisition costs.

Strategy Rating

Analysis Confidence

There is recent same-address sold evidence and a stated guide price, but the comparables do not identify Flat 10 and key financial, lease, condition and rental information is missing.