15A Sandy Lane, Tettenhall, Wolverhampton, WV6 9EB

Description

A vacant three bed semi detached property in need of improvement.

Accommodation

Ground Floor: Hall, Living Room, Dining Room, Cellarette, Kitchen, Shower Room with W/C. First Floor: Landing, Three Bedrooms. Outside: Small Paved Area to the Frontage, Rear Garden.

Location

Set within the popular village of Tettenhall, surrounded by South Staffs Golf club, a variety of pubs and eateries, local schools, Tettenhall College. Wolverhampton City Centre is a short drive away.

Tenure / Property Information

Investment Analysis

The five supplied same-street freehold semi-detached comparables sold for £180,000–£220,000, with the two most recent sales in 2022 at £200,000 and £220,000. A base GDV of £210,000 is used, with a £200,000–£220,000 evidence-supported range. The sales are historic and the subject is described as needing improvement, but no detailed condition or current comparable evidence is supplied, so this is an indicative estimate only.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale or refinance, subject to a detailed inspection, legal-pack review and confirmed works budget. Do not bid on the basis of GDV alone until the improvement scope and all auction costs are known.

Works Required

The property is described as needing improvement. No specific defects, scope of works or contractor costs are supplied, so works should be established through inspection and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £210,000 base GDV, 75% refinance capacity is approximately £157,500. Total project cost cannot be calculated because the refurbishment allowance and any additional completion costs are unknown. Cash left in and equity cannot therefore be reliably assessed.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rent and yield cannot therefore be established. The vacant freehold tenure may be suitable for letting, but refurbishment and operating costs remain unquantified.

Flip Analysis

The supplied evidence supports an indicative resale value of approximately £210,000, with a £200,000–£220,000 range. A flip surplus cannot be calculated because refurbishment costs, selling costs and other completion costs are not supplied.

Investor Risks & Due Diligence

• The property is described as needing improvement, but the extent and cost of works are unknown.

• The GDV evidence is based on historic sales, with the latest supplied sale from 2022.

• No sufficiently specific rental evidence is available, preventing a reliable BTL yield assessment.

• Additional costs may be listed in the special conditions and are not supplied.

• EPC rating E may require consideration of improvement costs or future letting requirements.

Recommendation

Potential refurbishment-led resale or refinance, subject to a detailed inspection, legal-pack review and confirmed works budget. Do not bid on the basis of GDV alone until the improvement scope and all auction costs are known.

Strategy Rating

Analysis Confidence

Same-street sold comparables are available, but they are historic, no detailed condition or refurbishment costs are supplied, and there is no reliable rental evidence or complete fee schedule.