11 Jubilee Close, Walsall, WS3 1SS

Description

A vacant freehold mid terraced property standing back from the road behind a foregarden. The property benefits from having double glazing however, it is in need of modernisation.

Accommodation

Ground Floor: Hall, Understairs Store, Reception Room, Dining Kitchen, Side Passageway with Utility Area, Store. First Floor: Landing, Three Bedrooms, Bathroom, WC. Outside: Gardens.

Location

Standing back from the road behind a foregarden.

Tenure / Property Information

Investment Analysis

Completed sales on the same road range from £110,000 to £140,000, with four sales in 2021–2022 between £120,000 and £140,000. A base GDV of £130,000 is supported by these comparables, subject to adjustment for the property's stated need for modernisation, EPC G and the age of the evidence. The low and high scenarios use the observed same-road range of £120,000–£140,000, excluding the older £110,000 sale from the principal range.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, a detailed refurbishment quotation and confirmation of the final auction price. The low guide creates potential value, but the evidence is insufficient to set a safe maximum bid or select BTL, BRRR or flip confidently.

Works Required

Modernisation is required, but the evidence does not specify the condition or scope of works. Any works assessment should be based on an inspection, including the kitchen, bathroom/WC, finishes, services, EPC-related items and general defects. No refurbishment cost allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £45,000 guide, the known acquisition cost including the stated £2,700 administration charge is £47,700 before works and other costs. A 75% refinance of the £130,000 base GDV is £97,500, but cash released and equity cannot be calculated without a supported refurbishment allowance and confirmed purchase price. EPC G, modernisation requirements and dated comparables require caution.

Buy-to-Let Analysis

Advertised rental evidence ranges from £750 to £1,350 pcm, but it is drawn from wider Walsall/WS3/WV11 searches and represents asking rents rather than achieved rents. Using the midpoint of the supplied range gives £12,600 annual rent and a 28.0% gross yield against the £45,000 guide only. A reliable yield on total project cost cannot be established because refurbishment costs and the eventual purchase price are unknown.

Flip Analysis

The supported base GDV is £130,000, with a £120,000–£140,000 evidence range. A flip surplus cannot be calculated because the refurbishment scope/cost, purchase price, selling costs and any other transaction costs are not supplied. The apparent spread between the guide and GDV should not be treated as profit.

Investor Risks & Due Diligence

• Property is stated to need modernisation, but no condition report or works schedule is supplied.

• EPC rating G may indicate additional improvement requirements, although the specific remedial works are unknown.

• Comparable sales are from 2021–2022 and may not reflect current market value.

• Rental evidence consists of advertised asking rents from wider search areas rather than achieved rents for this property.

• The eventual auction purchase price is unknown and may exceed the guide materially.

• Refurbishment, finance, selling and other transaction costs are not supplied, preventing a reliable profit or maximum-bid calculation.

Recommendation

Proceed only subject to inspection, a detailed refurbishment quotation and confirmation of the final auction price. The low guide creates potential value, but the evidence is insufficient to set a safe maximum bid or select BTL, BRRR or flip confidently.

Strategy Rating

Analysis Confidence

Same-road completed sales and rental advertisements are available, but the sales are dated, rents are asking figures from wider areas, and refurbishment scope, purchase price, selling costs and several property specifications are unsupported.