224 Lichfield Road, Rushall, Walsall

Description

A substantial vacant freehold five bedroom semi detached property. A semi detached property standing back from the road behind a driveway and foregarden.

Accommodation

Ground Floor: Hall, WC, Two Reception Rooms, Dining Kitchen, Utility Room, Wet Room/WC. First Floor: Landing, Four Bedrooms, Bathroom/WC with Separate shower cubicle. Second Floor: Attic Bedroom. Outside: Driveway and Gardens.

Location

224 Lichfield Road is situated in the established residential area of Rushall, to the north of Walsall. The property is conveniently located for a range of local shops, schools and everyday amenities, with Walsall town centre providing a wider selection of shopping, dining, leisure and recreational facilities. The area benefits from excellent road links, with the A461 and A34 providing easy access to Walsall and the wider West Midlands, while the M6 motorway is readily accessible. Walsall Arboretum and a number of local parks and green spaces are also within easy reach.

Tenure / Property Information

Investment Analysis

The five sold semi-detached comparables on the same road range from £175,000 to £345,000. More recent evidence is £260,000 in February 2025, while earlier sales include £300,000 and £345,000. Because bedroom count, condition and exact accommodation of the comparables are not supplied, a base GDV of £300,000 is used, with a broad evidence-supported range of £175,000 to £345,000.

Investment Snapshot

Strategy Recommendation

Potential buy-to-let or BRRR candidate subject to confirming condition, legal-pack costs, achievable rent and finance terms. Do not rely on the apparent margin for a flip without a full survey and detailed cost plan.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, quotation and any necessary repairs, decoration or updating only after viewing and reviewing the legal pack; no works allowance has been invented in the calculations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £300,000 base GDV, 75% refinance equates to £225,000. Against the guide price and known administration fee only, this indicates £18,300 above those costs before works, SDLT, finance, legal costs and other auction charges. The result is highly sensitive to the unsupported refurbishment requirement and achievable valuation.

Buy-to-Let Analysis

Using the midpoint of the three advertised asking rents (£1,550 pcm), annual gross rent is estimated at £18,600. This gives approximately 9.12% gross yield on the £204,000 guide and 9.00% on the £206,700 guide plus known £2,700 administration cost. The rent evidence is advertised asking rent rather than achieved rent, and operating costs, finance, tax and any works are excluded.

Flip Analysis

A base GDV of £300,000 is supported by same-road sales, but the comparable range is wide. Against the £204,000 guide and £2,700 administration fee, there is £93,300 gross headroom before works, SDLT, finance, selling costs and other fees. A formal flip surplus cannot be established because no selling allowance or works cost is supported.

Investor Risks & Due Diligence

• Same-road sold prices vary materially from £175,000 to £345,000.

• The property condition and any required refurbishment are not evidenced.

• Rental figures are advertised asking rents, not achieved rents or passing rent.

• Additional special-condition costs are unknown and excluded from the calculations.

• Stamp duty, government taxes, finance, legal, insurance, operating and selling costs are excluded.

• The £2,700 administration charge is payable at the fall of the gavel or end of the online auction.

Recommendation

Potential buy-to-let or BRRR candidate subject to confirming condition, legal-pack costs, achievable rent and finance terms. Do not rely on the apparent margin for a flip without a full survey and detailed cost plan.

Strategy Rating

Analysis Confidence

Same-road sold comparables and three rental advertisements are available, but condition, comparable accommodation details, refurbishment costs, achieved rent, selling costs and additional legal-pack charges are not supplied.