17 Blakesley Close, Sutton Coldfield, West Midlands B76 1EF

Description

A detached property with three bedrooms. The total approximate floor area, taken from the EPC, is 129m2 and the energy rating is C.

Accommodation

Through living/dining room, kitchen, WC, three bedrooms and bathroom.

Location

Well located for all amenities and transport links, as well as a range of primary and secondary schools.

Tenure / Property Information

Investment Analysis

The only supplied comparable is the same property sold for £95,000 in August 2007. It is historic and insufficient to establish a current market value or GDV. The £210,000 guide price should therefore not be treated as a supported valuation. At the guide, the 1.2% buyer premium is £2,520, making the known purchase cost £212,520 before works, disbursements and any other legal-pack charges.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment basis until current comparable sales, condition, lease terms, rental evidence and all legal-pack charges have been verified. The property may warrant further owner-occupier investigation, but no purchase price is supported by the evidence provided.

Works Required

No specific works are evidenced. Obtain a full inspection and review the legal pack before budgeting for works; the supplied information confirms only the existing accommodation, EPC rating C, driveway and garage.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. There is no supported current GDV, rent, refurbishment budget or refinance value. The lease began in 1957 for 99 years, so the stated term should be verified carefully in the legal pack before considering refinanceability.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Acquisition costs are also incomplete because legal-pack disbursements and potential special-condition charges are unknown.

Flip Analysis

A flip appraisal cannot be completed because no current comparable evidence, supported GDV, refurbishment allowance or selling-cost allowance is available. The historic £95,000 sale does not support a current resale value.

Investor Risks & Due Diligence

• No current comparable sales support the £210,000 guide price.

• No sufficiently specific rental evidence is available, so yield cannot be calculated.

• Condition and refurbishment requirements are unknown.

• The lease commenced in 1957 and the remaining term should be confirmed from the legal pack.

• Disbursements, search fees, seller-cost reimbursement, legal fees and transfer fees may apply under the special conditions.

• The supplied buyer premium is payable on exchange and is £2,520 at the guide price.

Recommendation

Do not bid on an investment basis until current comparable sales, condition, lease terms, rental evidence and all legal-pack charges have been verified. The property may warrant further owner-occupier investigation, but no purchase price is supported by the evidence provided.

Strategy Rating

Analysis Confidence

The property description and guide costs are provided, but current market comparables, rental evidence, condition, refurbishment costs and complete legal-pack charges are unavailable.