3 bed terraced house for sale

Pritchard Terrace, Phillipstown NP24

Description

Investment Property – brr Value-Add Opportunity

Overview

This opportunity is structured as a Buy, Refurbish, Refinance (brr) investment, suited to investors seeking long-term rental income, and capital recycling.

The property requires refurbishment, allowing value to be added through execution rather than reliance on market growth.
The strategy focuses on creating equity through refurbishment, followed by refinance and long-term hold.

Property Details

Property type: Residential investment property – mid-terrace

Tenure: Freehold

Configuration: 3 bedrooms, kitchen, bathroom, large open plan reception room/diner

Parking: On-street

Garden: Front and rear gardens

Condition: Requires refurbishment

Status: Vacant

Located on Pritchard Terrace, Phillipstown (NP24 6BS), an established residential area with consistent local rental demand.

Investment Summary

Purchase price: Offers in excess of £65,000

Estimated refurbishment costs: Approx. £30,000

Total capital invested: Approx. £95,000

Estimated end value (gdv): Approx. £125,000

Equity created: Approx. £30,000 (subject to valuation)

Provides scope for refinance post-works, enabling partial or full capital recovery depending on lender terms.

Income & Yield

Estimated end rental value: Approx. £825 pcm

Strategy: brr followed by long-term hold

Configured to deliver a strong post-refurbishment rental return once stabilised.
(All figures are estimates and subject to due diligence, valuation, and final letting arrangements.)

Strategy Rationale

This opportunity allows an investor to:

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  Acquire an asset well below market value
  
  
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  Add value through refurbishment
  
  
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  Create equity independent of market uplift
  
  
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  Refinance onto a long-term buy-to-let mortgage
  
  
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  Hold a stabilised income-producing asset
  
  

Why This Deal Exists

The property requires a full refurb, limiting owner-occupier demand and creating an opportunity for investors able to execute refurbishment works and unlock value through repositioning.

Rental Demand & Area Context

Phillipstown benefits from:

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  Established residential demand
  
  
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  Affordable rental market with good tenant retention
  
  
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  Suitability for long-term family lets
  
  

Finance & Professional Support

Mortgage, refurbishment, and legal support can be introduced where required via established broker, lender, and contractor relationships.
Final finance terms depend on individual circumstances, valuation, and lender appetite.

Next Steps

Investors proceeding will be provided with:

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  Full property details and refurbishment overview
  
  
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  Comparable evidence for resale and rental values
  
  
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  Access to professional support where required
  
  
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  A defined first-refusal period
  
  

Further detail available upon review.

EPC Rating: C

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