Marsett Methodist Chapel, Somerdale, Marsett, North Yorkshire

Description

A Detached Methodist Chapel dating back to 1897 within the small village of Marsett, close to Hawes. Current Use Class F1 (Learning and Non-residential Institutions). The Property comprises: Entrance Porch, Chapel Room, Vestry, Outside WC, Front Forecourt. Mains electricity, water. Septic tank drainage. EER N/a.

Accommodation

Entrance Porch; Chapel Room; Vestry; Outside WC; Front Forecourt

Location

Located in the small village of Marsett, close to Hawes, within the Yorkshire Dales.

Tenure / Property Information

Investment Analysis

The £60,000 guide cannot be benchmarked reliably. The supplied completed sales are detached residential cottages, whereas this property is a 1897 detached Methodist chapel in F1 use, so they are not sufficiently comparable. No supported residential/planning GDV is available.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment basis until the legal pack, planning/change-of-use position, building condition, septic tank and end-value evidence are verified.

Works Required

No specific defects or refurbishment requirements are evidenced. Investigate condition, septic tank, services and any proposed change of use or conversion requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the evidence. GDV, refurbishment cost, lawful residential use, rent and refinance value are all unsupported. Known minimum purchase-related charges at the £60,000 guide total £3,600, comprising the £1,800 buyer premium minimum and £1,800 administration charge, before disbursements and other costs.

Buy-to-Let Analysis

No sufficiently specific rental evidence is supplied, and the property is currently F1 non-residential use. BTL yield cannot be established without lawful residential use, conversion costs and supported rent.

Flip Analysis

A flip appraisal cannot be completed. The supplied cottage sales are not reliable evidence for a chapel, while conversion feasibility, costs, planning position and resale GDV are unknown.

Investor Risks & Due Diligence

• Current F1 use may restrict residential conversion or require planning approval.

• No condition, refurbishment or conversion cost evidence is supplied.

• No reliable GDV or rental evidence is available.

• Septic tank drainage and associated obligations require investigation.

• Additional legal-pack disbursements and other purchaser costs may apply.

Recommendation

Do not bid on an investment basis until the legal pack, planning/change-of-use position, building condition, septic tank and end-value evidence are verified.

Strategy Rating

Analysis Confidence

The evidence provides use, accommodation and auction charges but no condition assessment, planning prospects, rental comparables, conversion costs or directly comparable sales.