2 Prize Building, Lorena Close, Biddulph, Stoke-On-Trent, Staffordshire ST8 6FA

Description

A brand new, high-specification mid-town house, finished to an impressive standard. The property has an open-plan living, dining and kitchen area, a further versatile second reception room, a generously proportioned wet room, two bedrooms, a family bathroom, a professionally landscaped rear garden and a designated off-road parking space to the rear.

Accommodation

Open-plan living, dining and kitchen area; versatile second reception room suitable as an additional sitting room, home office or guest bedroom; generously proportioned wet room; spacious principal bedroom with fitted wardrobes; further bedroom; family bathroom.

Tenure / Property Information

Investment Analysis

No completed sales, rental comparables or formal valuation evidence has been supplied. The £100,000+ guide is an auction guide, not evidence of market value or achievable resale value. The property is described as brand new and high specification, but the 55-and-over occupancy restriction may materially limit the buyer and resale market. GDV cannot be established from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Do not underwrite as a BTL, BRRR or flip without verified comparable sales, legal documentation and occupancy-restriction advice. Consider only as a potential 55+ owner-occupier purchase after confirming tenure, service or estate charges and the full special conditions.

Works Required

No refurbishment works are identified in the supplied description. Allow for inspection, verification of the stated specification and completion of any purchaser-specific or remedial items only if supported by survey or legal documents.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten because there is no supported GDV, rent, comparable evidence or finance-cost information. At the £100,000 guide, the known buyer premium is £1,500 because the 1.2% calculation is below the stated minimum, giving a base cost of £101,500 before any unprovided costs or works.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate has been provided. The 55-and-over occupancy restriction may also narrow the eligible tenant market and should be checked carefully in the lease, title and letting documentation.

Flip Analysis

A flip surplus cannot be calculated because no completed sales, GDV evidence or selling-cost allowance has been supplied. Although the property is described as brand new and high specification, the 55-and-over restriction could reduce resale liquidity.

Investor Risks & Due Diligence

• Occupancy is restricted to residents aged 55 and over, limiting the eligible buyer and tenant market.

• No tenure or lease information has been supplied.

• No completed comparable sales or formal market valuation has been supplied.

• No sufficiently specific rental evidence or auctioneer rent estimate has been supplied.

• The £100,000+ guide is not a guaranteed purchase price.

• Additional fees may appear in the Special Conditions of Sale.

• The stated brand-new, high-specification condition should be verified through inspection and legal documentation.

Recommendation

Do not underwrite as a BTL, BRRR or flip without verified comparable sales, legal documentation and occupancy-restriction advice. Consider only as a potential 55+ owner-occupier purchase after confirming tenure, service or estate charges and the full special conditions.

Strategy Rating

Analysis Confidence

The description and auction costs are available, but tenure, lease, location evidence, completed comparables, rent evidence, GDV, EPC, council tax and special-condition costs are absent.