11 Craners Road, Coventry, CV1 5AZ

Description

A vacant freehold mid terraced property standing flush to the pavement. The property benefits from having a gas fired central heating system and double glazing however, it is in need of modernisation.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Bathroom/WC. First Floor: Landing, Two Bedrooms. Outside: Rear Garden.

Tenure / Property Information

Investment Analysis

Completed same-road sales range from £110,000 to £175,000. The subject's £110,000 sale in August 2025 is directly relevant, while later same-road sales include £113,500 and £175,000. Given the stated need for modernisation and the wide evidence range, a cautious base GDV of £160,000 is used, with £110,000 low and £175,000 high scenarios. These are indicative evidence-based estimates, not formal valuations.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led BTL or BRRR, subject to inspection, legal-pack review, a detailed works quotation and confirmation of achievable rent. Do not rely on the headline GDV or refinance figure without validating condition and costs.

Works Required

Modernisation of the property as indicated by the auction description. The evidence does not specify individual defects or provide a works schedule, so no detailed scope or cost allowance can be established.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £39,000 guide, the known purchase price plus the £2,700 administration charge is £41,700 before refurbishment and other completion costs. A 75% refinance against the £160,000 base GDV would be £120,000, but cash left in cannot be calculated because refurbishment, legal, tax and other costs are unsupported. The wide comparable range and unspecified modernisation requirements make the refinance outcome uncertain.

Buy-to-Let Analysis

The only supplied rental evidence is an advertised asking rent of £399 pcm for a two-bedroom house in Stevenson Road, CV6, rather than achieved rent for this property or its exact location. At £39,000, this equates to an indicative gross yield of 12.28% before refurbishment, finance, tax, voids, management and other costs. A reliable property-specific BTL yield cannot be established without a confirmed rent and refurbishment budget.

Flip Analysis

The completed sales support a broad indicative GDV range of £110,000 to £175,000, with a £160,000 base scenario. A flip surplus cannot be calculated because no refurbishment budget, selling costs, finance costs or other project costs are supplied.

Investor Risks & Due Diligence

• The same-road completed sales vary materially from £110,000 to £175,000.

• The property is stated to need modernisation, but no detailed condition report or works budget is supplied.

• The rental figure is an advertised asking rent for a different road and is not an achieved or property-specific rent.

• The £2,700 administration charge is payable in addition to the purchase price.

• Additional legal-pack costs, stamp duty and/or government taxes are not supplied.

• Refinance value and available equity may differ materially from the indicative GDV scenarios.

Recommendation

Potential refurbishment-led BTL or BRRR, subject to inspection, legal-pack review, a detailed works quotation and confirmation of achievable rent. Do not rely on the headline GDV or refinance figure without validating condition and costs.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and one rental asking-rent reference, but the comparables vary materially, the rental evidence is from a different road/postcode sector, and no refurbishment or full project-cost evidence is supplied.