Property checklists:

Address

What is the properties address? 

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Estate Agent

What are the estate agents details:

Name:

Phone:

Email:

Company:

Notes:




Date first researched

Updated research dates

Property valuation:

How much are they asking for?

What is the market value for this property?

When did it come on the market?

When did it last sell and how much did it sell for?

Has it dropped in price or had a failed sale (if so why)?

Why are they selling and if owner occupiers where are they going, when and to what sort of property?

Is it listed with more than one agent and if so then why?

Do the photos of it on the site show it unfurnished?

Is there much interest in the property?

Do the adverts state it as ‘open to offers’, ‘no onward chain’ or ‘vacant possession’?

Are there trivial points with the property that will put off other buyers (poor photos, bad smells, overgrown garden etc)?

What is the expected rent?

What is the expected gross yield in properties like this locally?

Will it reach the expected rent?

Financials:

Do we expect significant capital growth?

Is the asking price close to a stamp duty threshold?

Are there factors that lower the property value?

Comparison values (for sale)

Comparison value (sold)

Zoopla Estimates

Property details:

What is it (house/flat and rooms)

Is it freehold / leasehold (and length)?

Is there reserved parking or other parking (incl on or off road)?

Is there a garden?  How large is it? Easily maintained?

Has there been an insurance claim on a property?

Would they be leaving anything?

Are there any tree preservation orders in place?

How does it compare to other similar properties on the market?

When was it last renovated?

Does it need renovating?  If so what needs doing?

            Electrics

            Windows (double glazing / UPVC)

Door lock types

            Structural issues

            Dining room

            Kitchen

            Bathroom

            Other toilets/bathrooms

Paint

Boiler type

Gas / electric

Heating type and radiators in each room

Floors Carpet –

Room for white goods

Garage

Garden

Other rooms / buildings

Any flat roofs

Is water pressure ok?

What sort of meters (economy 7)?

Any issues like knot weed, close by trees etc to lower value / cause damage?

Can value be easily be added?

Could you extend?

Could you transform an ugly exterior (pebbledash bad)?

Can you create off-road parking?

Is there potential for a loft conversion?

Could you remodel?

Is there scope for further development?

What is the credit rating in this area?

http://www.checkmyarea.com/

What broadband is available?

Tenant details:

Is it already let?

Who would the obvious tenants be?

Would it need to be furnished (not desirable)?

Location:

Is it close to the main train station (<1/2 mile or <1miles or more)?

Close to hospital / university?

Is it close to a convenience store (<1/2 mile)?

Close to major supermarket?

Is it Waitrose?

How good is the local primary school?

How good is the local secondary school?

Is it on a bus route?

Is there a park or recreation area nearby?

Is there a leisure centre nearby?

Mobile phone reception?

Are there many other rental / HMOs nearby? 

Building works / planning permissions planned?

Is it on a major/busy road?

Is it immediately next to train tracks?

Is it immediately next to a depot or other noisy / busy commercial building?

Is it above a shop (not desirable)?

Are there smelly restaurants etc nearby?

Is there a flood risk?

Are there pylons or wind turbines nearby?

Are the advertising hoarding nearby?

Stats on -

If I were the target tenant what would I want changing?

Summary:

Good points

Bad points

General impression

Estimated refurbishment cost

Advised action

Bid history with dates and values

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