Flat 2 (GFF & Parking Space), 81 Station Road, Northwich, Cheshire, CW9 5LT

Description

Leasehold ground floor flat with one bedroom, reception room, kitchen, bathroom/wc and parking space.

Accommodation

One bedroom, reception room, kitchen, bathroom/wc

Location

The property is located on Station Road (B5082). Shopping amenities can be found within Northwich Town Centre, with a further range of shops, bars and restaurants in Chester City Centre to the west and Manchester City Centre to the north east. Public transport links are available at Northwich Train Station to the east, along with local bus services. Road links include the A559 to the north and A533 to the west. Vickers Way Park is located to the south.

Tenure / Property Information

Investment Analysis

Current market value cannot be reliably established from the supplied evidence. The only identified sold comparables are for the same or nearby address but date from 2007–2013, with prices of £37,100–£79,500, and no current comparable evidence is provided. The £36,000 guide is an auction guide, not a valuation. Lease length, service charge, ground rent and review provisions remain unknown.

Investment Snapshot

Strategy Recommendation

Do not bid on the present evidence alone. Obtain the full lease, title and special conditions, confirm all leasehold charges and seller fees, inspect condition and heating, and obtain current local valuation and rental evidence before considering BTL, BRRR or resale.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a survey and confirm heating, lease terms, service charge and condition before budgeting works. EPC E may indicate potential energy-efficiency improvements, but no specific works or costs are supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable without a current GDV, rent, refurbishment budget and complete lease-cost information. Refinance proceeds cannot be estimated. The unknown lease length, service charge and ground rent are material lending and valuation considerations.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The guide is £36,000, with a known £1,800 inclusive-of-VAT contract documentation fee, but leasehold costs and any seller charges are unknown. Gross yield, operating costs and cash flow therefore cannot be calculated.

Flip Analysis

A flip appraisal cannot be completed because the supplied sales evidence is historic and no current GDV, condition-based works budget or selling-cost allowance is provided. The £1,800 contract documentation fee is known, while possible seller charges are only noted as potentially payable.

Investor Risks & Due Diligence

• Lease length and lease provisions are unknown.

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

• Heating details are unavailable.

• EPC rating is E.

• No sufficiently specific rental evidence or passing rent is supplied.

• Possible additional seller charges may apply under the special conditions.

• Available sold comparables are historic and insufficient to establish current market value.

Recommendation

Do not bid on the present evidence alone. Obtain the full lease, title and special conditions, confirm all leasehold charges and seller fees, inspect condition and heating, and obtain current local valuation and rental evidence before considering BTL, BRRR or resale.

Strategy Rating

Analysis Confidence

Key valuation, rental, lease, condition, heating and cost information is missing; the available sold comparables are materially historic and no specific rental evidence is supplied.