146 Victoria Street, Willenhall, WV13 1DW

Description

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

Accommodation

Ground Floor - Reception Room, Kitchen, Bathroom/WC. First Floor - Two Bedrooms.

Location

Willenhall is a town in the West Midlands. Located on Victoria Street, close to the turning for Granville Street. Amenities are available locally on Walsall Road with a broader range available within Willenhall town centre. Recreational amenities are available at Willenhall Park, Bentley West Playing Fields and Willenhall Memorial Park. Major road links are via the M6. Transport Bilston Central - West Midlands Metro.

Tenure / Property Information

Investment Analysis

Same-street sold evidence ranges from £60,000 to £175,000, with £105,000, £135,000 and £175,000 sales recorded. The comparables do not state bedroom count or condition, so they are not fully matched. A base GDV of £135,000 is used, anchored to the most recent supplied sale, with cautious low and high scenarios of £105,000 and £175,000.

Investment Snapshot

Strategy Recommendation

Proceed only subject to full legal, condition and auction-cost due diligence. BTL may be viable at or near the guide based on the advertised rent, but modernisation costs must be established before bidding. Do not rely on BRRR or flipping without verified works costs and resale evidence.

Works Required

Modernisation is required, but the evidence does not specify the extent or cost of works. Any extension would be subject to the requisite consents. EPC is currently rated D.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinance is indicative of £101,250. However, refurbishment costs, buyer premium, VAT and other sale charges are unknown, so total project cost and cash left in cannot be calculated. BRRR viability depends on the property being acquired near guide and modernisation costs remaining controlled.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £900 pcm, not an achieved rent or passing rent. Against the £100,000 guide, this indicates a gross yield of 10.8% before modernisation, buyer premium, VAT, other charges, finance, management and maintenance. Net yield and yield on total cost cannot be established because works and auction charges are unspecified.

Flip Analysis

A base GDV of £135,000 is supported only indicatively by same-street sales that lack bedroom and condition detail. A flip surplus cannot be calculated because refurbishment costs, buyer premium, VAT and other charges are not supplied. The broad comparable range creates material resale-value uncertainty.

Investor Risks & Due Diligence

• Property is stated to be in need of modernisation, but the scope and cost of works are unknown.

• The buyer premium amount is not stated; VAT and other seller's charges may apply.

• Rental evidence is a single advertised asking rent rather than an achieved or passing rent.

• Same-street sold prices vary materially and the comparables do not specify bedroom count or condition.

• Any extension is subject to the requisite consents.

• Total acquisition, refurbishment and resale costs cannot currently be calculated.

Recommendation

Proceed only subject to full legal, condition and auction-cost due diligence. BTL may be viable at or near the guide based on the advertised rent, but modernisation costs must be established before bidding. Do not rely on BRRR or flipping without verified works costs and resale evidence.

Strategy Rating

Analysis Confidence

The property description, guide, tenure, occupancy and one advertised rent are supplied, but there is no works budget, no buyer premium amount, no council tax or running-cost data, and the sold comparables lack bedroom and condition details.