11, High Street, Rugeley, Staffordshire

Description

By order of a major housing association. Freehold two floor semi-detached house requiring updating. Full vacant possession.

Accommodation

First floor: Three bedrooms. Ground floor: Entrance hall, reception room, kitchen/diner, shower room/WC. Outside: Front and rear gardens.

Location

Situated off the High Street, which is well positioned for the local amenities of Colton or more comprehensive amenities of Rugeley and Birmingham City to the south. Transport options include local bus routes, rail connections via Rugeley Trent Valley station or road links via M6 and M54.

Tenure / Property Information

Investment Analysis

The supplied completed sales are semi-detached freehold properties on High Street, Colton, Rugeley, ranging from £145,000 to £260,000. The more recent evidence is £209,000, £220,000 and £250,000, although the comparables are not confirmed as identical in size, condition or exact location to the subject. Given the subject requires updating, a cautious evidence-based GDV range is £209,000–£250,000, with £220,000 adopted as the base estimate.

Investment Snapshot

Strategy Recommendation

Potential refurbishment and resale opportunity subject to survey, legal-pack review and confirmation of all works and completion charges. Do not rely on the apparent GDV margin until costs and condition are verified.

Works Required

Updating works are indicated by the auction description, but no detailed schedule or condition report is supplied. A survey and legal pack review are required before specifying works or costs.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £139,000 guide, the base GDV estimate is £220,000 and 75% of base GDV is £165,000. However, refurbishment costs, seller charges and other project costs are not supplied, so total cost, cash required and potential equity release cannot be calculated reliably.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent, gross yield and BTL affordability cannot be established. The property is vacant and has an EPC rating of C, but operating costs, finance costs and any refurbishment cost are unknown.

Flip Analysis

The guide is below the supplied recent comparable range, but the house requires updating and the evidence does not quantify works, selling costs or seller completion charges. A resale surplus cannot therefore be calculated. The base GDV estimate is £220,000, subject to condition, size and exact-location differences.

Investor Risks & Due Diligence

• The property is described as requiring updating, but the scope and cost of works are unknown.

• The supplied comparable sales are in Colton and are not confirmed as identical in size, condition or exact location.

• No sufficiently specific rental evidence is available, so BTL income and yield cannot be assessed.

• A £1,800 inclusive-of-VAT contract documentation fee applies; the seller may also charge additional completion fees.

• Parking and heating details require confirmation from the auction centre.

• The property is sold by auction and is subject to the legal pack and special conditions, which may contain additional obligations or charges.

Recommendation

Potential refurbishment and resale opportunity subject to survey, legal-pack review and confirmation of all works and completion charges. Do not rely on the apparent GDV margin until costs and condition are verified.

Strategy Rating

Analysis Confidence

There is useful completed-sale evidence and a clear guide price, but the comparables are not confirmed as identical, while refurbishment costs, rent, seller charges, parking, heating and detailed condition are unavailable.