Flat 4, Farrer Mews, Farrer Street, BEDFORD, Bedfordshire, MK42 8LB

Description

Leasehold first floor flat Location: The property is located on Farrer Street. Shopping amenities can be found locally within Kempston Town Centre. Public transport links are available at Bedford Train Station to the north east and Kempston Hardwick Train Station to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the A6 to the west and A421 to the south. Recreational pursuits can be found at Addison Howard Park to the north. Accommodation: The auctioneers were unable to inspect the property at the time of print but believe the property to comprise a studio flat. Purchasers are deemed to rely upon their own enquiries as to the internal layout of the property. EPC Rating: F Council Tax Band: A Lease: Held on a lease for a term of 999 years from 01/09/2005. Note: The property is being sold by the mortgagees (not in possession) therefore no viewings will be conducted at the property and no keys will be provi

Location

The property is located on Farrer Street. Shopping amenities can be found locally within Kempston Town Centre. Public transport links are available at Bedford Train Station to the north east and Kempston Hardwick Train Station to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the A6 to the west and A421 to the south. Recreational pursuits can be found at Addison Howard Park to the north. Accommodation: The auctioneers were unable to inspect the property at the time of print but believe the property to comprise a studio flat. Purchasers are deemed to rely upon their own enquiries as to the internal layout of the property.

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: ★★★☆☆