Flat 12, Excelsior Court, Scarborough Street, Wellingborough, Northamptonshire

Description

Upon Instruction of Countrywide. Leasehold first floor flat.

Accommodation

One bedroom, reception room, kitchen, bathroom/wc

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 to the north east. Public transport links can be found at Wellingborough Train Station to the south west, along with local bus services serving the surrounding areas. The property is served by road links including the A6 to the north and the A45 to the south east. Recreational pursuits can be found at Irthlingborough Lakes and Meadows to the east.

Tenure / Property Information

Investment Analysis

The supplied sold evidence ranges from £55,000 to £95,000, with the latest recorded sale at £80,000 in April 2025. These comparables are described as being in Irthlingborough rather than Wellingborough, so their direct comparability should be verified. A base GDV of £80,000 is supported, with a cautious evidence-based range of £67,000 to £95,000. No condition or refurbishment evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and confirming lease, charges and condition. Without rental evidence or a refurbishment budget, this is not currently suitable for a confident BTL, BRRR or flip bid.

Works Required

No specific works are evidenced. Obtain a viewing and inspect the flat, communal areas, allocated parking and legal pack before allowing for any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £80,000 base GDV, 75% refinancing produces an indicative £60,000 loan. Against the £81,800 purchase price plus known administration charge, approximately £21,800 would remain invested before finance, tax, legal costs and any works. Unknown rent, condition and lease details prevent a reliable BRRR assessment.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. At the £80,000 guide, the known purchase cost is £81,800 including the £1,800 buyer administration charge, before any unknown works, finance, tax, legal costs or seller charges.

Flip Analysis

At the £80,000 guide and £80,000 base GDV, the project has £81,800 of known acquisition cost including the administration charge, before works, selling costs, finance, tax and any seller charges. The supplied evidence therefore does not support a positive flip margin.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence is available, so rental yield cannot be calculated.

• Lease information is awaited, despite the listing stating approximately 88 years remaining; buyers must verify the legal position.

• The supplied comparables are described as being in Irthlingborough, whereas the subject address is stated as Wellingborough.

• Property condition and any refurbishment requirement are unknown.

• The £1,800 buyer administration charge is known, but additional seller charges may apply under the Special Conditions of Sale.

• The cost calculations exclude unknown works, finance, tax and legal costs.

Recommendation

Proceed only after reviewing the legal pack and confirming lease, charges and condition. Without rental evidence or a refurbishment budget, this is not currently suitable for a confident BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

Several completed sales support a broad value range, but the comparables are stated at a different locality, while rent, condition, lease information, selling costs and possible works remain unconfirmed.