FLIP · Property AnalysisThis report evaluates the potential for a property flip at 34 Wellington Road, Edlington. Given the current market data and condition of the asset, we have assessed the viability of a renovation-and-resale strategy.
The subject property at 34 Wellington Road presents a classic "doer-upper" flip opportunity. With a low entry point of £80,000 and sufficient comparable evidence supporting an ARV of £135,000, this project offers a healthy profit margin for a skilled investor. The property requires full cosmetic modernisation, which is straightforward and predictable. The investor profile (First-time buyer) is well-suited to navigate the stamp duty landscape for this price point.
Analysis of local market activity indicates that renovated 3-bedroom terraces in the Edlington/Doncaster area consistently achieve between £125,000 and £140,000 depending on finish. The property is currently in a shell-like state requiring significant cosmetic investment—new flooring, paint, kitchen updates, and potential bathroom modernisation. By executing a high-standard, modern finish, an ARV of £135,000 is realistic and achievable within a 75th percentile market expectation. The property's off-road parking is a key USP in this terraced market.
Calculation based on: First-time buyer, £40k down payment, 3% bank/finance setup fees, 1% interest rate for holding period.
ROI = (Gross Profit £31,800 ÷ Total Investment £103,200) × 100 = 30.8%
The property is listed with "no onward chain," which is a primary indicator of a motivated seller, likely looking for a quick exit or executor/investor divestment. The marketing language regarding "requiring modernisation" signals a desire to pass on the renovation burden.
The risks are manageable. The main concern is unforeseen structural issues behind the dated cosmetic layer, though the property type (terraced) generally implies straightforward construction. Market liquidity in the DN12 area is active, mitigating exit risk.
Feasibility: 1%. The property is currently a 3-bedroom, which is optimal for this market. Reconfiguring the layout to add a 4th bedroom would likely compromise the utility of the existing living/dining space. It is not recommended to alter the footprint for a 4th bedroom.
We recommend bidding £72,000 - £75,000, citing the following:
Negotiation Probability: 85/99
| Area | Importance (1-10) | Cost |
|---|---|---|
| Kitchen | 10 | £5,000 |
| Bathroom | 10 | £3,000 |
| Flooring | 9 | £3,500 |
| Decorating | 8 | £3,500 |
| Garden/Curb Appeal | 6 | £2,000 |
| Electric/Plumbing | 9 | £3,000 |
Weeks: 6 || Months: 1.5
This property is a strong candidate for an entry-level flip. The purchase price allows for a high-quality renovation without overcapitalizing. The property is a standard layout that does not require planning permission or complex structural changes. By focusing on the kitchen, bathroom, and flooring, you will maximize the appeal to owner-occupiers and first-time buyers in the DN12 area. Given the "no onward chain" status, it is highly likely that an offer of £72,000–£75,000 will be accepted, further increasing your margin and ROI beyond the projected 30.8%. Proceed with a thorough survey focusing on the sub-floor condition in the bathroom and ground floor reception rooms.
Strong Buy. This is a classic, low-risk, profitable flip project. Secure the property, complete the cosmetic refresh in 6 weeks, and bring it to market targeting first-time buyers.