Ground Floor Flat, 18 Endfield Road, Bournemouth, BH9 1TH

Description

Located on an attractive residential street close to Moordown Recreation Ground, this ground floor flat requires refurbishment throughout. The freehold includes the rear garden which extends to 0.07 hectares (0.16 acres). It is considered that there may be scope and potential for future development of the garden, subject to all necessary consents being obtainable.

Accommodation

Entrance hall, living room, kitchen, two bedrooms and bathroom/W.C.

Location

Located on an attractive residential street close to Moordown Recreation Ground.

Tenure / Property Information

Investment Analysis

The property is a vacant two-bedroom freehold ground-floor flat with a substantial 0.16-acre rear garden and requires refurbishment throughout. The auction guide is £160,000–£180,000, but no completed sales, specific valuation evidence, rental comparables or quantified development evidence were supplied. Accordingly, GDV, refurbishment cost and maximum bid cannot be reliably estimated. Any garden development potential remains subject to obtaining all necessary consents.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a full refurbishment survey, comparable sales valuation, rental evidence and professional advice on the garden’s planning potential. Do not rely on the garden development prospect when bidding.

Works Required

Refurbishment throughout, covering the existing entrance hall, living room, kitchen, two bedrooms and bathroom/W.C.; the evidence does not specify the required scope or cost. Separately investigate whether garden development is feasible, subject to all necessary consents.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed without supported GDV, refurbishment costs, achievable rent and finance assumptions. The substantial garden may provide additional potential, but development remains subject to consents and must not be relied upon without planning and technical investigation.

Buy-to-Let Analysis

BTL cannot be properly assessed because no sufficiently specific rental comparable or auctioneer rent estimate was supplied. Gross yield and total-cost yield are therefore unavailable. Refurbishment costs and additional auction charges are also unquantified.

Flip Analysis

A flip appraisal cannot be quantified because there are no completed sales, supported GDV, refurbishment costs or selling-cost allowance. The guide price alone is insufficient to establish a resale margin.

Investor Risks & Due Diligence

• The flat requires refurbishment throughout, but the scope and cost are not provided.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Potential garden development is expressly subject to all necessary consents and is not quantified.

• EPC is to be confirmed.

• Administration, other non-optional fees, searches, taxes and registration costs may be payable, but amounts are not supplied.

• Parking and heating details are not provided.

Recommendation

Proceed only after obtaining a full refurbishment survey, comparable sales valuation, rental evidence and professional advice on the garden’s planning potential. Do not rely on the garden development prospect when bidding.

Strategy Rating

Analysis Confidence

The evidence confirms the property type, tenure, vacancy, guide range, accommodation and garden size, but provides no sales comparables, rental evidence, refurbishment budget, GDV, EPC, parking or heating details, and leaves additional fees unquantified.