14, North Avenue, BEDWORTH, Warwickshire, CV12 9EQ

Description

A two-bedroom end-terraced property located in the popular village of Bedworth, Warwickshire. Full renovation is required throughout, with an opportunity to significantly increase the property value. The property comprises an entrance porch leading into a hallway with living room, kitchen and utility room to the ground floor. Stairs to the first floor lead to a landing area with two well-proportioned bedrooms to front and rear elevation with a family bathroom. Outside is a driveway with side access into the enclosed rear garden. The property benefits from excellent transport links to the A5, A444 and M6, is a 10-minute walk from the local train station and a 15-minute walk from the town centre, with local schools nearby. Potential for extension STPP. Full vacant possession.

Accommodation

First floor: Two bedrooms, bathroom/WC. Ground floor: Reception room, kitchen, utility room. Outside: Front and rear garden.

Location

Located in the popular village of Bedworth, Warwickshire. Excellent transport links to the A5, A444 and M6. Approximately a 10-minute walk from the local train station and a 15-minute walk from the town centre, with local schools nearby.

Tenure / Property Information

Investment Analysis

The closest evidence is on the same road: £210,000 completed in August 2024 and £196,000 completed in October 2022 for terraced freehold properties. A lower £131,000 sale occurred in 2019. Allowing for the subject's stated full renovation requirement, but recognising that it is an end terrace with driveway and potential extension STPP, an evidence-led working GDV range is £180,000–£210,000, with £195,000 as the base case. This remains indicative because the comparable properties' condition, size and specification are not supplied.

Investment Snapshot

Strategy Recommendation

Investigate as a refurbishment-led purchase, subject to a full inspection, contractor cost plan, EPC/heating assessment and review of the Special Conditions of Sale. Do not rely on the guide alone or bid without a supported all-in project budget.

Works Required

Full renovation throughout as stated in the listing. The available evidence does not define the required individual works or provide a cost allowance. EPC G and unspecified heating require investigation, but no specific defects should be assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The low guide relative to the same-road completed sales suggests potential value uplift, but the full-renovation requirement prevents a reliable cash-in or maximum-bid calculation. The base GDV estimate is £195,000, implying an indicative 75% refinance figure of £146,250 only if that GDV is achieved; total project cost and cash left in cannot be calculated without a supported works budget and any applicable seller fees.

Buy-to-Let Analysis

Advertised rental evidence ranges from £550 to £800 pcm, equivalent to £6,600–£9,600 annually. Against the £75,000 guide, this indicates approximately 8.8%–12.8% gross yield before refurbishment, finance, voids, management and other costs. A reliable stabilised BTL yield cannot be established because refurbishment costs, total acquisition costs and achieved rent are unknown.

Flip Analysis

A potential resale margin exists based on the £180,000–£210,000 evidence-led GDV range versus the £75,000 guide. However, the £1,800 buyer contract documentation fee, unknown refurbishment cost, potentially applicable seller fees and unknown selling costs mean that a supported net flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Full renovation is stated but the scope and cost are not provided.

• EPC is rated G and heating information is unavailable.

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

• The seller may charge additional completion fees under the Special Conditions of Sale.

• Comparable sale condition, size and specification are not supplied, limiting GDV precision.

• Potential extension is stated as subject to planning permission and is not included in the valuation.

• The property is vacant, so there is no existing rental income.

Recommendation

Investigate as a refurbishment-led purchase, subject to a full inspection, contractor cost plan, EPC/heating assessment and review of the Special Conditions of Sale. Do not rely on the guide alone or bid without a supported all-in project budget.

Strategy Rating

Analysis Confidence

There are useful same-road sold comparables and rental advertisements, but no measured floor area, detailed condition schedule, refurbishment costs, heating information, achieved rent, selling costs or complete fee information.