22 Brittania Road, Walsall, West Midlands

Description

A two bedroom end of terrace house. Externally the property benefits from off road parking and a rear garden. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Reception Room, Kitchen. First Floor - Two Bedrooms, Shower Room/WC.

Location

Located on Brittania Road, accessed off Duchess Road and Grand Junction Way. Amenities are available nearby on Milton Street and West Bromwich Street with Walsall town centre approximately 1.2 miles. A range of recreational amenities are available at Palfrey Park and Broadway West Playing Fields. Transport: Bescot Stadium - West Midlands Railway; Tame Bridge Parkway; Walsall - West Midlands Railway.

Tenure / Property Information

Investment Analysis

Five completed sales on the same road range from £165,000 to £199,000, with the two most recent at £170,000 and £180,000. A base GDV of £175,000 is a cautious estimate informed by the comparable range, subject to the property’s modernisation requirement and exact condition. Low and high scenarios use the lower recent comparable and the upper recent comparable respectively.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a detailed inspection and verified refurbishment quotation. At the guide, the supported rent produces a modest gross yield, while a flip may offer scope based on the comparable values but cannot be underwritten without works and transaction costs. Avoid relying on extension potential without planning confirmation.

Works Required

Modernisation of the existing two-bedroom accommodation, including review and upgrading of the kitchen, shower room, finishes and general presentation, subject to inspection. Assess energy-efficiency improvements given the EPC rating of E. Any extension should be treated as a separate option subject to the requisite consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £175,000 base GDV, 75% refinance would be approximately £131,250. The cash position cannot be calculated because refurbishment costs, buyer costs and finance assumptions are unavailable. The strategy requires firm inspection-based works costing and confirmation that the achievable rent supports the intended refinance and ongoing debt.

Buy-to-Let Analysis

The supplied advertised asking rent is £398 pcm, equivalent to £4,776 annually. Against the £115,000 guide this indicates a gross yield of approximately 4.15% before refurbishment, finance, maintenance, voids, tax and other costs. Total-cost yield cannot be established because refurbishment and buyer costs are not supplied. The rent evidence is a single advertised listing rather than achieved rent.

Flip Analysis

The base GDV estimate is £175,000, against a £115,000 guide, giving a £60,000 gross difference before refurbishment, acquisition, finance, selling and tax costs. A net flip surplus cannot be calculated because refurbishment and selling allowances are unsupported. The modernisation requirement and condition uncertainty materially affect viability.

Investor Risks & Due Diligence

• The property is stated to need modernisation, but the extent and cost of works are unknown.

• The EPC is rated E and the required cost of any energy-efficiency improvements is unknown.

• Rental evidence is a single advertised asking rent and may not represent achieved rent.

• The comparable sales range is £165,000 to £199,000, creating valuation uncertainty.

• Extension potential is subject to requisite consents and is not relied upon in the valuation.

• Buyer, administration, finance, selling and tax costs are not supplied.

Recommendation

Proceed only subject to a detailed inspection and verified refurbishment quotation. At the guide, the supported rent produces a modest gross yield, while a flip may offer scope based on the comparable values but cannot be underwritten without works and transaction costs. Avoid relying on extension potential without planning confirmation.

Strategy Rating

Analysis Confidence

Same-road completed sales and one advertised rental are available, but the property’s detailed condition, refurbishment costs, buyer charges, achieved rent, finance costs and selling costs are not supplied.