205 Trysull Road, Bradmore, Wolverhampton

Description

Auction House Birmingham are proud to present for sale this Two Bedroom, End of Terrace House, situated on Trysull Road. The property is in need of modernisation, however, could prove to be an enticing prospect to homebuyers seeking their own renovation project, or alternatively, to investors looking for a property to renovate and possible tenant.

Accommodation

The property comprises separate Living Room, Dining Room, Kitchen and Bathroom Spaces on the Ground Floor, with the Workspace Area connected just off the kitchen. Upstairs, the property comprises two bedrooms, with staircase access through bedroom 2 into the Loft Room. The property also has access to a cellar space, with staircase access available from the Dining Room. Outside, the property comprises a rear garden and an outdoor Workspace. Dimensions: Living Room 4.15m x 3.69m; Dining Room 3.04m x 3.67m; Kitchen 2.74m x 2.11m; Workshop Area 7.29m x 4.21m; Bedroom 1 4.12m x 3.68m; Bedroom 2 3.07m x 3.69m; Loft Room 4.62m x 3.67m.

Location

The property is well serviced by a range of local amenities, ranging from convenience and leisure, through to public transport and road links.

Tenure / Property Information

Tenure	Freehold
EPC	Current Rating E
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The supplied HM Land Registry evidence is historic only: 207 Trysull Road sold for £135,000 in April 2007, while the other sales date from 2004 and earlier. There is no sufficiently current comparable evidence, no detailed condition survey and no supported rental evidence. The £145,000 guide price, which is before fees, cannot therefore be validated as market value or GDV.

Investment Snapshot

Guide Price

£145,000 (plus fees)

Strategy Recommendation

Do not proceed at the guide price without current comparable evidence, a full inspection, a priced refurbishment schedule, legal-pack review and independent rental assessment. Reassess only after these items are obtained.

Works Required

The property is described as needing modernisation. Obtain a full inspection and legal review, then scope and price the required modernisation works. The supplied evidence does not support a detailed works schedule or cost allowance.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

207, Trysull Road, Wolverhampton, Wolverhampton, Wolverhampton, Wv3 7jp 2007-04-20 · Terraced · Freehold	£135,000
207, Trysull Road, Wolverhampton, Wolverhampton, Wolverhampton, Wv3 7jp 2004-12-21 · Terraced · Freehold	£90,000
213, Trysull Road, Wolverhampton, Wolverhampton, Wv3 7jp 2000-08-31 · Terraced · Freehold	£73,000
209, Trysull Road, Wolverhampton, Wolverhampton, Wolverhampton, Wv3 7jp 1995-09-06 · Terraced · Freehold	£42,000

Potential BRRR Position

A BRRR assessment cannot be supported without a current GDV, refurbishment budget, achievable rent and finance assumptions. The property requires modernisation, but the available evidence is insufficient to calculate refinance proceeds or cash left in.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The purchase price is also subject to a £2,400 buyer premium and £2,040 administration charge, with possible additional disbursements and other legal or transfer costs.

Flip Analysis

A flip appraisal cannot be supported because the only close comparable is a 2007 sale and no refurbishment budget, current GDV or selling-cost allowance is provided. The £145,000 guide is before the stated £4,440 of buyer and administration charges and any other costs.

Investor Risks & Due Diligence

• The property is stated to need modernisation, but the extent and cost of works are not supplied.

• No current comparable sales evidence is available to support the guide price or GDV.

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

• The £145,000 guide excludes the £2,400 buyer premium and £2,040 administration charge.

• Additional disbursements and other legal, search, seller-cost reimbursement or transfer charges may be payable under the legal pack.

• The property has an EPC rating of E.

Recommendation

Do not proceed at the guide price without current comparable evidence, a full inspection, a priced refurbishment schedule, legal-pack review and independent rental assessment. Reassess only after these items are obtained.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low

The evidence confirms the property description, freehold tenure, guide price, known auction charges and historic nearby sales, but lacks current comparables, detailed condition information, refurbishment costs, rental evidence and legal-pack cost details.