212 Westbury Road, Stockingford, Nuneaton, Warwickshire

Description

** SOLD PRIOR TO AUCTION** Tenanted investment opportunity. 3 bedroom end terrace property, requiring improvements, plus garage. Located in a popular residential area off Arbury Road. Current rent payable £7,540 p.a. circa 10% yield.

Accommodation

GROUND FLOOR: Hallway; Bathroom; Lounge/diner: 20 ft 5 in max x 14 ft max; Kitchen: 14 ft 3 in max x 12 ft max. FIRST FLOOR: Bedroom 1: 11 ft 7 in x 8 ft 9 in; Bedroom 2: 16 ft x 7 ft 7 in max; Bedroom 3: 12 ft 2 in x 7 ft 2 in max; W.C. OUTSIDE: Garden and garage to the rear.

Location

Located in a popular residential area off Arbury Road.

Tenure / Property Information

Investment Analysis

Historical Westbury Road sales range from £90,000 to £135,000, with a median of £125,000. These are dated 2019–2021 transactions and do not confirm the current value of this tenanted property requiring improvements. A broad evidence-based scenario range is £90,000–£135,000, with £125,000 as the base GDV estimate.

Investment Snapshot

Strategy Recommendation

Consider only as a tenanted BTL after verifying the sold price, tenancy, condition, legal pack and all buyer charges. Do not proceed on yield alone.

Works Required

The property is described as requiring improvements, but no specific defects or scope are supplied. Obtain inspection and tenancy/legal information before pricing works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without the actual purchase price, improvement budget, tenancy details and finance costs. At the £125,000 base GDV, 75% refinance is £93,750, but cash left in cannot be calculated.

Buy-to-Let Analysis

The stated passing rent is £7,540 per annum, approximately £628 pcm, and the description states circa 10% yield. The actual purchase price is unavailable because the property sold prior to auction, so an independently calculated yield and acquisition return cannot be confirmed. Tenancy terms and arrears information are not supplied.

Flip Analysis

Historical comparables support a broad £90,000–£135,000 value range, but refurbishment costs, acquisition price, selling costs and current-market evidence are unavailable. Flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Actual acquisition price is not supplied because the property sold prior to auction.

• The property is described as requiring improvements, but no condition survey or works specification is provided.

• Tenancy terms, deposit, arrears and possession position are not supplied.

• Buyer/admin charges are known, but other legal-pack disbursements and seller costs may apply.

• Sold comparables are dated 2019–2021 and may not represent current market value.

Recommendation

Consider only as a tenanted BTL after verifying the sold price, tenancy, condition, legal pack and all buyer charges. Do not proceed on yield alone.

Strategy Rating

Analysis Confidence

Passing rent, tenancy status, property description and historical comparables are supplied, but the actual purchase price, works scope, legal terms, current valuation evidence and additional costs are unavailable.