13 Whitmore Street, Walsall, WS1 4LL

Description

A Vacant Freehold Three Bedroom End Terraced Property. An end terraced 3 bedroom property, standing flush to the pavement. The property is in need of refurbishment and modernisation throughout.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Rear Lobby, Wet Room/WC. First Floor: Landing, Three Bedrooms. Outside: Rear Garden.

Tenure / Property Information

Investment Analysis

The supplied same-street freehold terraced sales range from £112,000 to £185,000, with three more recent sales at £160,000, £160,000 and £161,000. The £112,000 and £185,000 results show dispersion, while the strongest central evidence supports a base GDV of £160,000. No comparable condition details are supplied, so no refurbishment-related adjustment can be verified.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and a firm refurbishment budget. The evidence supports potential BTL or refurbishment-led resale, but the missing works cost prevents a dependable maximum bid or profit calculation.

Works Required

Refurbishment and modernisation throughout, as stated in the auction description. The exact scope and cost cannot be established without further inspection or evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV of £160,000, 75% refinance equates to £120,000. However, refurbishment costs and total project cost are unknown, so cash left in, equity creation and refinance viability cannot be reliably calculated. The vacant freehold tenure may allow works to proceed after completion, subject to inspection and legal review.

Buy-to-Let Analysis

The supplied advertised asking rents are £500–£790 pcm, equivalent to £6,000–£9,480 annually. Against the £90,000 guide, this indicates a gross yield range of approximately 6.67%–10.53%. These are asking rents rather than achieved rents, and refurbishment costs, finance, operating costs and total acquisition cost are unavailable, so a reliable all-in BTL return cannot be established.

Flip Analysis

A base resale value of £160,000 is supported by the stronger same-street sales evidence, with an evidenced range of £112,000–£185,000. Flip surplus cannot be calculated because refurbishment costs, selling costs and total acquisition costs are not supplied.

Investor Risks & Due Diligence

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

• The rental evidence comprises advertised asking rents rather than achieved rents.

• Additional legal-pack costs are unknown; the stated £2,700 administration charge is not the only potentially payable cost.

• The same-street sold evidence ranges from £112,000 to £185,000, indicating material valuation variability.

• No parking or heating information is supplied.

• The property is vacant, so there is no existing passing rent to verify.

Recommendation

Proceed only subject to inspection, legal-pack review and a firm refurbishment budget. The evidence supports potential BTL or refurbishment-led resale, but the missing works cost prevents a dependable maximum bid or profit calculation.

Strategy Rating

Analysis Confidence

Same-street completed sales and advertised rental evidence are available, but comparable condition, refurbishment costs, selling costs, additional completion costs and achieved rent are not supplied.