145 Coltham Road, Willenhall, West Midlands

Description

A one bedroom mid terrace house. Externally the property benefits from a rear garden. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Open Plan Reception/Dining Room, Kitchen. First Floor - Bedroom, Bathroom/WC.

Location

Located on Coltham Road, accessed off Wesley Road. Local shops and amenities are available within Willenhall town centre. Recreational amenities include nearby parks and open spaces such as the Short Heath Park. Transport links include regular bus services and road access via the A454, A462 and nearby M6. Transport Willenhall - West Midlands Railway.

Tenure / Property Information

Investment Analysis

Completed sales on Coltham Road range from £73,000 to £155,000, but the evidence does not state the bedroom count, accommodation, condition or specification of those properties. The subject is a vacant one-bedroom house in need of modernisation, so a reliable GDV or maximum bid cannot be established from the supplied evidence alone.

Investment Snapshot

Strategy Recommendation

Do not commit above the £60,000 guide without property-specific valuation evidence, a refurbishment assessment, rental evidence and confirmation of all auction and seller charges. Any extension should be treated as speculative pending consents.

Works Required

Modernisation of the existing one-bedroom accommodation, including the open-plan reception/dining room, kitchen, bedroom and bathroom/WC. No specific defects or scope of works are supplied. Any extension would require the requisite consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a reliable post-works GDV, refurbishment cost, rent and full acquisition-cost information. The property is vacant and requires modernisation, but the financial outcome remains unquantified.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Buyer premium, VAT treatment and any seller charges are also unknown.

Flip Analysis

A flip surplus cannot be calculated. The supplied completed sales provide a broad local price range but lack sufficient comparability to establish the subject's resale value, while works and selling costs are unknown.

Investor Risks & Due Diligence

• The property is stated to be in need of modernisation, but the extent and cost of works are unknown.

• No sufficiently specific rental comparable or auctioneer rent estimate is supplied.

• The buyer premium amount is not stated and VAT may apply.

• Seller special-condition charges and VAT treatment are unknown.

• The supplied sold comparables may not match the subject's one-bedroom accommodation or condition.

• Extension potential is subject to requisite consents and is not assured.

Recommendation

Do not commit above the £60,000 guide without property-specific valuation evidence, a refurbishment assessment, rental evidence and confirmation of all auction and seller charges. Any extension should be treated as speculative pending consents.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, accommodation and a need for modernisation, but provides no specific comparable specifications, rental evidence, refurbishment cost, EPC, or complete purchase-cost information.