14 Stourhead Road, Bilton, Rugby, Warwickshire

Description

2 bedroom first floor flat, located within a purpose built block with secure access, plus allocated parking space to the rear. Leasehold with 129 years remaining on the lease. Off the Bilton Road within 1 mile of Rugby town centre, an ideal investment opportunity.

Accommodation

First floor: Kitchen 9 ft 6 in x 9 ft 4 in; Reception room 15 ft 3 in max x 13 ft 8 in; Bedroom 1 with ensuite 10 ft 11 in max x 8 ft 3 in min; Bedroom 2 8 ft 8 in x 13 ft 5 in; Bathroom.

Location

Off the Bilton Road, within 1 mile of Rugby town centre.

Tenure / Property Information

Investment Analysis

The five supplied completed sales are flats on the same road, ranging from £95,000 to £125,000. The two most recent sales, in February 2024 and September 2023, were both £125,000, while the January 2023 sale was £95,000. A base GDV of £120,000 is used as an indicative estimate, with a £95,000–£125,000 evidence range. Comparability is limited because sale condition, exact specification and lease/service-charge terms are not supplied.

Investment Snapshot

Strategy Recommendation

Do not underwrite as BTL or BRRR without verified rent and leasehold costs. The property may merit further investigation for a potential value-gap purchase at or near the guide, subject to inspection, legal-pack review and confirmation that total costs remain acceptable.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect the flat and legal pack, and verify the condition, lease, service charge, ground rent and any required compliance or remedial works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £96,000 guide, the disclosed buyer premium and admin charge total £2,700, before any additional search, legal, transfer or seller-cost charges. A 75% refinance against the base GDV would be approximately £90,000, but total project cost cannot be calculated because works, leasehold charges and additional fees are unknown. There is no evidenced rent or refurbishment uplift case.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The flat has vacant possession, but achievable rent, service charge, ground rent, management, finance and other operating costs remain unknown.

Flip Analysis

The indicative base GDV is £120,000 against the £96,000 guide, giving £24,000 of gross price headroom before acquisition fees, works, finance, selling costs and tax. A reliable flip surplus cannot be calculated because refurbishment requirements and selling-cost allowance are unsupported.

Investor Risks & Due Diligence

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

• Service charge, service-charge period and ground rent are unknown pending the legal pack.

• Additional search, legal, transfer and seller-cost charges may apply and are not quantified.

• The completed-sale comparables range materially from £95,000 to £125,000 and may differ in condition, specification or leasehold terms.

• Required refurbishment or remedial works are unknown because no condition evidence is supplied.

• Leasehold obligations and any relevant legal-pack matters require verification before bidding.

Recommendation

Do not underwrite as BTL or BRRR without verified rent and leasehold costs. The property may merit further investigation for a potential value-gap purchase at or near the guide, subject to inspection, legal-pack review and confirmation that total costs remain acceptable.

Strategy Rating

Analysis Confidence

Same-road completed-sale evidence is available and supports an indicative GDV range, but rental evidence, condition, service charge, ground rent, additional auction costs and required works are not supplied.