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Property Viewing checklist

Property Viewing checklist

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Property checklists:
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Address
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Estate Agent
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Date first researched
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Updated research dates
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Property valuation:
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How much are they asking for?
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What is the market value for this property?
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When did it come on the market?
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When did it last sell and how much did it sell for?
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Has it dropped in price or had a failed sale (if so why)?
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Why are they selling and if owner occupiers where are they going, when and to what sort of property?
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Is it listed with more than one agent and if so then why?
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Do the photos of it on the site show it unfurnished?
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Is there much interest in the property?
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Do the adverts state it as ‘open to offers’, ‘no onward chain’ or ‘vacant possession’?
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Are there trivial points with the property that will put off other buyers (poor photos, bad smells, overgrown garden etc)?
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What is the expected rent?
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What is the expected gross yield in properties like this locally?
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Will it reach the expected rent?
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Financials:
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Do we expect significant capital growth?
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Is the asking price close to a stamp duty threshold?
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Are there factors that lower the property value?
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Comparison values (for sale)
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Comparison value (sold)
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Zoopla Estimates
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Property details:
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What is it (house/flat and rooms)
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Is it freehold / leasehold (and length)?
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Is there reserved parking or other parking (incl on or off road)?
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Is there a garden?  How large is it? Easily maintained?
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Has there been an insurance claim on a property?
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Would they be leaving anything?
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Are there any tree preservation orders in place?
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How does it compare to other similar properties on the market?
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When was it last renovated?
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Does it need renovating?  If so what needs doing?
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            Electrics
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            Windows (double glazing / UPVC)
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Door lock types
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            Structural issues
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            Dining room
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            Kitchen
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            Bathroom
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            Other toilets/bathrooms
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Paint
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Boiler type
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Gas / electric
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Heating type and radiators in each room
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Floors Carpet –
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Room for white goods
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Garage
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Garden
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Other rooms / buildings
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Any flat roofs
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Is water pressure ok?
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What sort of meters (economy 7)?
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Any issues like knot weed, close by trees etc to lower value / cause damage?
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Can value be easily be added?
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Could you extend?
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Could you transform an ugly exterior (pebbledash bad)?
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Can you create off-road parking?
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Is there potential for a loft conversion?
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Could you remodel?
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Is there scope for further development?
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What is the credit rating in this area?
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What broadband is available?
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Tenant details:
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Is it already let?
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Who would the obvious tenants be?
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Would it need to be furnished (not desirable)?
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Location:
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Is it close to the main train station (<1/2 mile or <1miles or more)?
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Close to hospital / university?
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Is it close to a convenience store (<1/2 mile)?
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Close to major supermarket?
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Is it Waitrose?
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How good is the local primary school?
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How good is the local secondary school?
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Is it on a bus route?
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Is there a park or recreation area nearby?
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Is there a leisure centre nearby?
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Mobile phone reception?
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Are there many other rental / HMOs nearby? 
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Building works / planning permissions planned?
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Is it on a major/busy road?
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Is it immediately next to train tracks?
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Is it immediately next to a depot or other noisy / busy commercial building?
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Is it above a shop (not desirable)?
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Are there smelly restaurants etc nearby?
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Is there a flood risk?
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Are there pylons or wind turbines nearby?
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Are the advertising hoarding nearby?
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Stats on -
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If I were the target tenant what would I want changing?
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Summary:
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Good points
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Bad points
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General impression
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Estimated refurbishment cost
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Advised action
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Bid history with dates and values