133 Essex Street, Walsall

Description

A vacant freehold mid terraced property. A mid terraced property which stands back from the road behind a foregarden. The property benefits from double glazing however is in need of modernisation works throughout.

Accommodation

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

Location

The property stands back from the road behind a foregarden.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Essex Street range from £103,500 to £160,000. The two most recent sales were £110,000 and £160,000. Given the subject is a vacant two-bedroom terrace requiring modernisation throughout, a cautious evidence-based GDV range is £110,000–£160,000, with a base estimate of £140,000. This remains indicative because the comparable properties' condition, size and bedroom configuration are not supplied.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led BTL or BRRR, subject to inspection, legal-pack review, a detailed works schedule and contractor pricing. Do not bid on GDV alone; establish a maximum bid only after quantifying the modernisation works and all completion costs.

Works Required

Modernisation throughout as stated in the description. The available evidence does not specify the required scope, condition of individual elements or contractor costs, so no reliable refurbishment allowance can be quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £39,000 guide, the property has substantial apparent value headroom against the £140,000 base GDV. A 75% refinance of the base GDV would be £105,000. However, refurbishment costs, finance costs, valuation outcome and total acquisition costs are not sufficiently evidenced, so cash left in and BRRR viability cannot be reliably calculated.

Buy-to-Let Analysis

The supplied advertised rents indicate £900–£975 pcm, equivalent to £10,800–£11,700 annually. Against the £39,000 guide, the indicative gross yield is approximately 27.69%–30.00%, before refurbishment, finance, voids, management, maintenance and other costs. The headline yield is attractive, but achievable rent and total project cost cannot be confirmed from the evidence.

Flip Analysis

The supplied completed sales support a broad resale range of £110,000–£160,000, with a £140,000 base GDV. A flip may offer potential value uplift from the £39,000 guide, but refurbishment costs, selling costs and the property's post-works value are unquantified. A reliable flip surplus therefore cannot be established.

Investor Risks & Due Diligence

• Modernisation is required throughout, but no detailed works schedule or cost estimate is provided.

• The comparable sales range widely from £103,500 to £160,000 and the comparables' condition, size and bedroom configuration are not supplied.

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

• Additional costs may apply under the special conditions and have not been supplied.

• EPC and legal-pack information are not available in the evidence.

• The property is vacant, so there is no passing rent or established tenancy income.

Recommendation

Potential refurbishment-led BTL or BRRR, subject to inspection, legal-pack review, a detailed works schedule and contractor pricing. Do not bid on GDV alone; establish a maximum bid only after quantifying the modernisation works and all completion costs.

Strategy Rating

Analysis Confidence

Completed local sales and advertised rental evidence are available, but the property's detailed condition, refurbishment scope, EPC, legal-pack costs, parking/heating details and achieved rent are not supplied.