Millwood Hall, Millwood Lane, Barrow-In-Furness, Cumbria

Description

Grade II listed six bedroom house offering spacious living over three floors. The property is located on Millwood Lane in Barrow-In-Furness and sits within surrounding gardens and private driveway.

Accommodation

Ground Floor: Reception Room - 15' x 13'; Reception Room - 15'3 x 13'3; Kitchen - 19'6 x 16'9; Store - 14' x 12'. First Floor: Lobby; WC; Lounge - 30' x 16'9; Bedroom - 15' x 13'; Bedroom - 15'1 x 13'. Second Floor: Bedroom - 15' x 13'; Bedroom - 15'1 x 13'; Bedroom - 16'9 x 12'; Bathroom - 16'9 x 10'. Third Floor: Bedroom - 28' x 11'9'; Bedroom - 14' x 13'8; Bathroom - 8' x 8'.

Location

Located on Millwood Lane in Barrow-In-Furness, within surrounding gardens and private driveway.

Tenure / Property Information

Investment Analysis

The only supplied completed sales are historic: £500,000 for Millwood Hall in 2007 and £520,000 for Millwood Manor in 2006, with an earlier Millwood Hall sale at £237,000 in 2001. These are too old to support a current GDV without a current valuation, updated comparables or condition evidence. The property is Grade II listed, has an EPC rating of E, and its condition is not described.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, current condition survey, listed-building advice, current valuation evidence and rental assessment before selecting a BTL, BRRR or flip strategy.

Works Required

No condition-led refurbishment scope can be supported from the evidence. Allow for legal-pack review, confirmation of listed-building requirements and assessment of any works needed to address the EPC E rating, but no cost allowance is evidenced.

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. Current GDV, refurbishment cost, rent and refinance value are unsupported. At the £180,000 guide, the known exchange costs are £1,680 buyer premium plus £2,160 administration charge, before any legal-pack disbursements, but total project cost remains unknown.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The six-bedroom layout may be relevant to letting strategy, but no supported rent, operating costs or compliance information is available.

Flip Analysis

A flip surplus cannot be calculated. The historic £500,000 Millwood Hall sale is not a reliable current GDV, and no condition-based works budget or selling allowance is supplied. The Grade II listing and EPC E rating require particular due diligence before considering resale works.

Investor Risks & Due Diligence

• Historic comparable sales may not represent current market value.

• Grade II listed status may constrain or complicate alterations; the legal position and permissions require checking.

• Current property condition and refurbishment requirements are not supplied.

• EPC rating E may require improvement depending on the intended strategy and applicable requirements.

• No rental evidence is available, so income and yield cannot be assessed.

• Tenure is stated as subject to the legal pack.

• Additional legal-pack disbursements may be payable and are not quantified.

• Known exchange costs include the £1,680 buyer premium and 1.2% administration charge, with other acquisition costs not supplied.

Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, current condition survey, listed-building advice, current valuation evidence and rental assessment before selecting a BTL, BRRR or flip strategy.

Strategy Rating

Analysis Confidence

The evidence confirms the accommodation, guide price, known auction charges and historic sales, but omits current valuation evidence, condition, refurbishment costs, rent, tenure details and legal-pack disbursements.