10 Mount Road, Pelsall, Walsall, WS3 4PG

Description

A vacant freehold semi detached property. A semi detached property, standing back from the road behind a driveway and foregarden. The property is in need of refurbishment.

Accommodation

Ground Floor: Hall, Two Reception Rooms, Kitchen, Bathroom/WC. First Floor: Landing, Three Bedrooms. Outside: Gardens.

Location

Pelsall, Walsall

Tenure / Property Information

Investment Analysis

The supplied sold comparables on Mount Road range from £149,500 to £281,000. The £281,000 sale is materially above the other evidence; £149,500–£175,000 provides the strongest lower-to-mid range indication, while £220,000 is a supported upper scenario. A base GDV of £175,000 is used, subject to the property's refurbishment condition and the absence of detailed comparable accommodation/condition information.

Investment Snapshot

Strategy Recommendation

Do not bid solely from the guide. First verify the legal pack, inspect the refurbishment requirements and obtain fixed works quotations. Subject to satisfactory costs, the property appears to warrant further BTL/BRRR investigation rather than an immediately underwritten flip.

Works Required

Refurbishment is required, but the evidence does not specify the defects or scope. Obtain a survey and contractor quotations covering the kitchen, bathroom/WC, internal finishes, services, heating, external areas and any required compliance works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £175,000 base GDV, a 75% refinance is £131,250. The low purchase price creates apparent headroom, but refurbishment costs, finance costs, taxes, legal-pack costs and any other completion charges are not supplied. Consequently, cash left in and equity cannot be calculated reliably. Obtain a full refurbishment budget and legal-pack review before considering BRRR.

Buy-to-Let Analysis

At the £45,000 guide, advertised three-bedroom rents of £750–£1,300 pcm imply gross yields of approximately 20.00%–34.67% before refurbishment, finance, voids, management, maintenance and taxes. Using the supplied £1,150 pcm listing as an indicative midpoint gives £13,800 annual rent and a 30.67% gross yield on the guide. The £2,700 administration charge alone increases the known acquisition figure to £47,700 before refurbishment and other costs. Asking rents are not achieved rents, so a reliable post-works yield cannot be established.

Flip Analysis

The £175,000 base GDV is supported by the supplied Mount Road sales but remains condition-sensitive. A flip surplus cannot be calculated because no refurbishment allowance, selling costs or full acquisition-cost figure is supplied. The £2,700 administration charge and unspecified additional completion costs must be included in any resale appraisal.

Investor Risks & Due Diligence

• The property is stated to need refurbishment, but the scope and cost are unknown.

• Sold comparables vary materially from £149,500 to £281,000 and comparable condition, size and specification are not supplied.

• Rental figures are advertised asking rents rather than achieved rents.

• Additional costs may be payable under the special conditions and are not supplied; stamp duty and government taxes are also excluded.

• Heating information is not supplied.

• Refinance value and lending outcome may differ from the 75% GDV illustration.

Recommendation

Do not bid solely from the guide. First verify the legal pack, inspect the refurbishment requirements and obtain fixed works quotations. Subject to satisfactory costs, the property appears to warrant further BTL/BRRR investigation rather than an immediately underwritten flip.

Strategy Rating

Analysis Confidence

There is useful same-road sold-price evidence, rental asking evidence and a stated guide/admin charge, but no detailed condition survey, refurbishment quotations, achieved rent, legal-pack costs or selling-cost allowance.