Te-Kainga, Church Road, WISBECH, Cambridgeshire, PE13 4RN

Description

Two bedroom detached bungalow situated within a countryside village to be sold with vacant possession. The property is currently in poor condition internally and requires full refurbishment. The property does benefit from rear garden, conservatory and off road parking. Ideal investment or first time purchase.

Accommodation

Entrance Hall, Lounge, Kitchen, Bedroom 1, Bedroom 2, Bathroom, WC, Conservatory

Location

Countryside village; village location

Tenure / Property Information

Investment Analysis

The property is a vacant, two-bedroom detached bungalow requiring full internal refurbishment. Supplied sold evidence on the same road ranges from £222,000 to £355,000 for detached freehold properties, but no comparable floor areas, bedroom counts, condition details or direct property-match evidence are provided. The evidence is therefore insufficient to establish a reliable GDV or supported low/base/high valuation scenario. The £90,000 guide plus the known £1,800 administration charge gives a minimum evidenced acquisition cost of £91,800 before refurbishment and any seller-charged fees.

Investment Snapshot

Strategy Recommendation

Proceed only after a full survey, detailed refurbishment quotations, confirmation of heating and EPC matters, and review of all special conditions and seller fees. Treat as a refurbishment opportunity rather than an underwritten BTL or flip at this stage.

Works Required

Full refurbishment is stated as required. The precise works, specification and costs are not supplied. Obtain a building survey and contractor quotations covering the internal condition, kitchen, bathroom/WC, finishes, services, heating, conservatory and external areas. EPC and heating details also require confirmation.

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 supplied evidence. The guide is £90,000 and the known administration charge is £1,800, but refurbishment cost, rent and post-works value are unsupported. Refinance at 75% of GDV cannot be calculated until a suitable valuation and full project budget are obtained.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and debt coverage therefore remain unquantified. The full refurbishment requirement and vacant possession mean letting would follow completion of the works.

Flip Analysis

A flip may have potential because the property is offered at a £90,000 guide against higher detached freehold sales on the same road, but the comparables are not sufficiently matched and full refurbishment is required. Without floor area, detailed condition, works quotations, a supported GDV and selling-cost allowance, profit cannot be calculated.

Investor Risks & Due Diligence

• Property is stated to be in poor internal condition and requires full refurbishment.

• The scope and cost of the required works are unknown.

• No sufficiently specific rental comparable or auctioneer rent estimate is supplied.

• The sold comparables lack floor area, bedroom and condition details, limiting their valuation usefulness.

• EPC is listed as TBC and heating information is unavailable.

• The seller may charge additional completion fees, which are not quantified.

Recommendation

Proceed only after a full survey, detailed refurbishment quotations, confirmation of heating and EPC matters, and review of all special conditions and seller fees. Treat as a refurbishment opportunity rather than an underwritten BTL or flip at this stage.

Strategy Rating

Analysis Confidence

The property type, tenure, occupancy, guide and known administration charge are clear, but there is no floor area, detailed condition schedule, rental evidence, EPC, heating information, refurbishment budget or sufficiently comparable valuation evidence.