Wantage 22 & 24, Coulings Close, East Hendred, Wantage, Oxfordshire

Description

Internally arranged as two self-contained flats. Each flat provides two bedroom accommodation. Rear garden. GIA approximately 141.76 sq m (1,526 sq ft). By order of a housing association.

Accommodation

Two self-contained flats, each providing two bedroom accommodation; rear garden; GIA approximately 141.76 sq m (1,526 sq ft).

Location

The property is situated on the north side of Coulings Close. The shops and amenities of Didcot are to the east. Didcot Parkway rail station is approximately 6 miles to the north east. The A34 is to the south east. Pico Park to the south east.

Tenure / Property Information

Investment Analysis

The supplied evidence includes completed sales of semi-detached houses on Coulings Close at £377,500 in October 2022 and £340,000 in October 2019, with earlier sales from £225,000 to £315,000. However, the subject is arranged as two self-contained two-bedroom flats, and the evidence does not establish whether the comparables had the same configuration, condition, accommodation or legal status. A defensible GDV range cannot therefore be calculated from the supplied evidence alone.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain a current valuation for the two-flat configuration, full legal and planning review, rental appraisals and a building survey before considering purchase or resale.

Works Required

No specific defects or refurbishment requirements are evidenced. Before bidding, verify the condition, legality and separate service arrangements of both flats, together with the rear garden and all major building elements. No works allowance can be supported from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because GDV, refurbishment cost, rent, finance costs and total acquisition costs are unsupported. The £120,000+ guide is not sufficient to establish a viable refinance position, particularly as additional seller or third-party charges may apply.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and arranged as two self-contained flats, but achievable rent, operating costs, compliance requirements and any separate utility arrangements are unknown.

Flip Analysis

A flip appraisal cannot be quantified. The available local sales provide contextual evidence only and do not establish the value of this two-flat configuration or a current resale value. Refurbishment costs, selling costs and a supported GDV are unavailable.

Investor Risks & Due Diligence

• The subject is arranged as two self-contained flats, while the supplied sold comparables are described only as semi-detached properties.

• No sufficiently specific rental evidence or passing rent is supplied.

• Condition and refurbishment requirements are unknown.

• EPC, council tax, parking and heating information is unavailable.

• Additional seller or third-party charges may apply and are not quantified.

• The supplied comparables range from 2011 to 2022 and do not establish current market value.

Recommendation

Do not bid on the supplied evidence alone. Obtain a current valuation for the two-flat configuration, full legal and planning review, rental appraisals and a building survey before considering purchase or resale.

Strategy Rating

Analysis Confidence

Completed local sales are available, but there is no directly comparable two-flat valuation, rental evidence, condition information, refurbishment budget, EPC, council tax data, fee schedule or supported selling-cost allowance.