Perryfield House, Weston Street, Portland, Dorset

Description

Located towards the south east of Portland, this 19th century property has sea views from all three of the first floor bedrooms. Constructed from Portland Stone, the property has almost been completely refurbished with the finishing touches required to complete the works. The ground floor has two large reception rooms with the property extended to make room for a new kitchen/dining space. On the first floor all three bedrooms have en-suite bath/shower rooms. Once completed the property is considered ideally suited to re-sale into the local marketplace or perhaps for retention as a second home.

Accommodation

Ground floor: Entrance Hall, two reception rooms, kitchen/dining room, cloakroom with W.C. First floor: Main bedroom with en-suite bathroom, second bedroom with en-suite shower room and third bedroom with en-suite shower room. Outside: Driveway with parking, detached garage and rear courtyard.

Location

Located towards the south east of Portland. The property has sea views from all three first floor bedrooms.

Tenure / Property Information

Investment Analysis

Perryfield House is a vacant, freehold, three-bedroom detached 19th-century Portland Stone house with parking, detached garage, sea views and three first-floor en-suites. The description states that refurbishment is almost complete, but no completed-sales comparables, formal valuation, GDV evidence or detailed schedule/cost of remaining works is supplied. The £370,000–£390,000 guide is not evidence of market value. No supported acquisition, refurbishment, rent or resale calculations can therefore be established.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain a full schedule and cost of remaining works, independent market valuation or comparable evidence, rental evidence if relevant, and the auction legal and fee information before considering resale or retention.

Works Required

Complete the unspecified finishing works required to finalise the near-complete refurbishment. The supplied evidence does not identify the remaining items, their specification or costs, so no further works are assumed.

Rental & Market Context

Potential BRRR Position

BRRR appraisal cannot be established without a supported purchase figure, remaining-works budget, post-refurbishment GDV, rent and refinance assumptions. The property is vacant and near completion, but the financial outcome remains unquantified.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Costs, EPC and other letting information are also unavailable.

Flip Analysis

A flip appraisal cannot be established because there are no sold comparables or supported GDV, no quantified remaining works and no supported selling allowance. The description indicates potential resale suitability, but this is not a valuation.

Investor Risks & Due Diligence

• The remaining refurbishment works are unspecified and uncosted.

• No completed-sale evidence or formal valuation is supplied to support the guide or resale value.

• No sufficiently specific rental evidence is supplied, so rental income and yield cannot be assessed.

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

• EPC, council tax and heating information are not supplied.

• The property is vacant, so no passing rent is available.

Recommendation

Do not bid on the supplied evidence alone. Obtain a full schedule and cost of remaining works, independent market valuation or comparable evidence, rental evidence if relevant, and the auction legal and fee information before considering resale or retention.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy and guide range are supplied, but there are no sold comparables, rental evidence, GDV, works budget, EPC, council tax, heating details or quantified buyer and administration costs.