Old Cider House, Higher Grants, Exebridge, Dulverton, Somerset

Description

Two-bedroom semi-detached cottage situated within Higher Grants Farm. At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

Accommodation

Ground Floor: Sitting/dining room, kitchen and bathroom. First Floor: Landing, two bedrooms and W.C. Outside: The property has a garden to the rear.

Location

Situated approximately 25 miles north of Exeter, Exebridge lies on the borders of Devon and Somerset in the heart of the picturesque Exe Valley. The property lies off the A396, to the east of Exebridge, within Higher Grants Farm on the fringe of the Exmoor National Park.

Tenure / Property Information

Investment Analysis

No guide price, sold comparables, internal inspection or market valuation evidence is supplied. Market value and investment calculations cannot be reliably established.

Strategy Recommendation

Do not set a bid or commit to a strategy until the tenancy, title and auction legal pack, internal condition, EPC requirements, market value and achievable rent have been independently verified.

Works Required

Undertake full legal, structural and internal inspection due to the unavailable internal inspection. Review the EPC F rating and identify any legally required or commercially sensible energy improvements. No specific physical defects or refurbishment scope are evidenced.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable because purchase price, refurbishment cost, GDV, rent and refinance value are all unprovided. The unavailable internal inspection and EPC F rating increase the need for due diligence before considering acquisition.

Buy-to-Let Analysis

The property is currently let under an Assured Periodic Tenancy, but no passing rent or sufficiently specific rental evidence is provided. BTL yield, affordability and maximum bid cannot be calculated. The tenancy terms, rent, payment history, deposit position and possession position require verification.

Flip Analysis

A flip assessment is not supportable because there are no sold comparables, guide price, GDV evidence, inspection findings or supported selling costs. The existing tenancy may also affect possession and resale strategy and must be reviewed.

Investor Risks & Due Diligence

• Internal condition has not been inspected by the auctioneer.

• The property is currently let under an Assured Periodic Tenancy; rent, arrears, deposit and possession details are not supplied.

• EPC rating F may indicate a need for further energy assessment and potentially improvement works, but the required scope and cost are unknown.

• No guide price, sold comparables, rental comparables or auctioneer rent estimate is provided.

• Administration, search, other non-optional fees, Stamp Duty, Land Registry fees and VAT may be payable in addition to the bid price.

Recommendation

Do not set a bid or commit to a strategy until the tenancy, title and auction legal pack, internal condition, EPC requirements, market value and achievable rent have been independently verified.

Strategy Rating

Analysis Confidence

Core pricing, valuation, rental, condition and cost evidence is absent; the auctioneer was unable to inspect internally and the property is occupied under an Assured Periodic Tenancy.