Oddfellows Hall, Rushton Road, Rothwell, Kettering, Northampton

Description

Corner plot property measuring 2,679 sq ft GIA, with a two-storey office section to the front and a vaulted ceiling workshop. Residential conversion potential subject to planning permission. VAT not applicable.

Accommodation

Terraced property, 2,679 sq ft GIA; two-storey office section to the front; vaulted ceiling workshop.

Location

Situated a short distance from the junction of Lower Street. Shopping facilities are available locally in the town centre, along with a good selection of cafes, bars and restaurants. Recreational facilities can be found at Kettering Grounds Park and Wicksteed Park, both within easy reach. Nearby road connections are via the A14 and A43. National Rail: Kettering.

Tenure / Property Information

Investment Analysis

The supplied completed sales are five freehold terraced residential comparables in Rothwell at £160,000–£180,000. They are not sufficiently comparable to this 2,679 sq ft office/workshop property, which has residential conversion potential only subject to planning permission. No supported GDV, refurbishment budget or commercial valuation can be established from the evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment appraisal basis without first confirming planning feasibility, obtaining a measured condition survey and costing the proposed conversion. The current evidence does not support a reliable maximum bid.

Works Required

Any conversion, internal reconfiguration, services installation or refurbishment would require a planning and building-survey assessment first. The evidence does not identify specific defects or provide enough detail to cost works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the evidence. Residential conversion is only a potential use subject to planning permission, while refurbishment costs, post-conversion value, rent and finance-related costs are unknown.

Buy-to-Let Analysis

BTL analysis cannot be established. No sufficiently specific rental comparable or auctioneer rent estimate is supplied, and the property is currently described as office/workshop accommodation rather than completed residential accommodation.

Flip Analysis

A flip appraisal cannot be supported. The available residential comparables are not sufficiently comparable to the existing office/workshop property, and there is no planning outcome, conversion budget, GDV or selling-cost allowance.

Investor Risks & Due Diligence

• Residential conversion is subject to planning permission.

• The supplied residential comparables are not directly comparable with the existing office/workshop use and configuration.

• No refurbishment or conversion cost evidence is provided.

• No sufficiently specific rental evidence is provided.

• EPC, council tax, parking and heating details are not supplied.

• Buyer premium and administration charge fields are blank.

Recommendation

Do not bid on an investment appraisal basis without first confirming planning feasibility, obtaining a measured condition survey and costing the proposed conversion. The current evidence does not support a reliable maximum bid.

Strategy Rating

Analysis Confidence

The property description and guide price are supplied, but there is no planning position, condition detail, rental evidence, EPC, buyer/admin fee information or sufficiently comparable valuation evidence.