21 Old Winnings Road, Keresley End, Coventry, West Midlands

Description

3 bedroom semi detached property requiring improvements. With off road parking to the front, is located in a popular residential area. Ideal investment opportunity or family home. The property is non standard construction. Buyers should check with lenders as to their requirements.

Accommodation

GROUND FLOOR: Hallway; Lounge: 13 ft 7 in max x 11 ft 3 in; Kitchen: 19 ft 7 in max x 8 ft 4 in max. FIRST FLOOR: Bedroom 1: 11 ft 3 in max x 10 ft 9 in; Bedroom 2: 13 ft 8 in max x 8 ft 6 in; Bedroom 3: 8 ft 6 in max x 8 ft max; Bathroom; W.C. OUTSIDE: Front: Garden and off road parking. Rear: Garden.

Location

Located in a popular residential area in Keresley End, Coventry, West Midlands.

Tenure / Property Information

Investment Analysis

Same-road sold evidence ranges from £112,000 to £218,000. The £195,000 base GDV uses a directly comparable same-road sale, but bedroom count, condition and construction details are unavailable. Non-standard construction and required improvements create significant valuation and mortgage uncertainty.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming non-standard construction mortgageability and obtaining a survey and detailed works quotations. Do not rely on the headline GDV or rent range for an unconditional bid.

Works Required

Improvements are required, but the evidence provides no detailed scope or cost. Obtain a building survey, non-standard construction assessment and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £195,000 base GDV, 75% refinancing is approximately £146,250. Works costs, total project cost and finance costs cannot be established, so cash left in and BRRR returns cannot be calculated. Non-standard construction may restrict lending and refinancing.

Buy-to-Let Analysis

Advertised rents range from £350 to £1,195 pcm, with no achieved-rent evidence. Indicative gross yield against the £90,000-£110,000 guide range is approximately 3.8%-15.9%, before works, fees, finance and operating costs. The wide range makes underwriting unreliable.

Flip Analysis

A resale surplus cannot be calculated because refurbishment costs, purchase price, additional auction charges and selling costs are unsupported. The sold evidence provides a broad £112,000-£218,000 value range only.

Investor Risks & Due Diligence

• Non-standard construction may restrict mortgage availability and refinancing.

• The property requires improvements, but no works scope or cost is provided.

• Rental evidence is advertised asking rent only and ranges very widely.

• Additional legal, search, seller-cost, transfer and disbursement charges may apply.

• Sold comparables show a wide value range and lack condition and bedroom detail.

Recommendation

Proceed only after reviewing the legal pack, confirming non-standard construction mortgageability and obtaining a survey and detailed works quotations. Do not rely on the headline GDV or rent range for an unconditional bid.

Strategy Rating

Analysis Confidence

Same-road sold comparables and rental adverts are available, but condition, bedroom details for comparables, works scope, achieved rent, total fees and construction/lending impact are not evidenced.