Flat 12, Excelsior Court, Scarborough Street, WELLINGBOROUGH, Northamptonshire, NN9 5FE

Description

Leasehold first floor flat Location: Excelsior Court is located on Scarborough Street which lies off College Street. Shopping amenities are available locally within Wellingborough Town Centre with a further range of shops, bars and restaurants found in Peterborough City Centre lying to the north east. Public transport links can be found at Wellingborough Train Station located to the south west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A6 lying to the north and the A45 located to the south east. Recreational pursuits can be found at Irthlingborough Lakes and Meadows lying to the east. Accommodation: One bedroom, reception room, kitchen, bathroom/wc Outside: Allocated parking EPC Rating: D Council Tax Band: A Lease: Held on a lease for a term of 125 years from 01/01/1990 at a ground rent of £75.00 per annum. To view: 28/8, 5/9 at 11am No booking required – Please arrive at the time stated

Location

Excelsior Court is located on Scarborough Street which lies off College Street. Shopping amenities are available locally within Wellingborough Town Centre with a further range of shops, bars and restaurants found in Peterborough City Centre lying to the north east. Public transport links can be found at Wellingborough Train Station located to the south west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A6 lying to the north and the A45 located to the south east. Recreational pursuits can be found at Irthlingborough Lakes and Meadows lying to the east. Accommodation: One bedroom, reception room, kitchen, bathroom/wc Outside: Allocated parking

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆