23 St. Austell Road, Wyken, Coventry, West Midlands

Description

3 bedroom double bayed semi detached property with open plan kitchen/dining area, plus secured access to the rear with parking space.

Accommodation

Ground floor: hallway; kitchen area: 16 ft 8 in x 6 ft 6 in; dining area: 16 ft 9 in max x 8 ft 9 in; lounge: 15 ft 4 in max x 11 ft 3 in. First floor: bedroom 1: 15 ft x 10 ft 6 in; bedroom 2: 10 ft 6 in x 9 ft 9 in; bedroom 3: 6 ft 9 in x 6 ft 2 in.

Location

Located in a popular residential area off Attoxhall Road and Hipswell Highway.

Tenure / Property Information

Investment Analysis

Recent sold comparables on St. Austell Road range from £170,000 to £220,000 for freehold semi-detached properties. The £200,000 base GDV reflects the two most recent higher-value comparables, but the subject’s condition and exact specification relative to them are not evidenced. Low and high scenarios use the observed £170,000–£220,000 range; this is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming all additional auction charges, obtaining a survey and securing local rental evidence. The comparable sales suggest potential value at the guide, but the absence of condition and rent evidence prevents a dependable bid or strategy decision.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full survey and legal review before budgeting works; only the described kitchen/dining layout, gas heating, parking and vacant possession are confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £200,000 base GDV, 75% refinancing is £150,000. Using the £150,000 guide midpoint, the known buyer premium and admin charge add £2,880 before any works, special-condition charges, disbursements or finance costs. Because works and total acquisition costs are unknown, cash left in and equity cannot be calculated reliably.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Rent, annual income and gross yield are therefore unsupported. Vacant possession means there is no evidenced passing tenancy or rent.

Flip Analysis

The base GDV implies a £50,000 gross difference above the £150,000 guide midpoint before refurbishment, buyer/admin charges, special-condition costs, selling costs and finance. No refurbishment allowance or supported selling allowance is available, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Subject condition and required works are not evidenced.

• No sufficiently specific rental evidence is available, preventing yield underwriting.

• Special Conditions of Sale may impose additional search, legal, transfer or sellers’ costs.

• Buyer premium and admin charge total £2,880, with other disbursements potentially payable.

• Comparable sales vary materially from £170,000 to £220,000 and may differ in condition or specification.

Recommendation

Proceed only after reviewing the legal pack, confirming all additional auction charges, obtaining a survey and securing local rental evidence. The comparable sales suggest potential value at the guide, but the absence of condition and rent evidence prevents a dependable bid or strategy decision.

Strategy Rating

Analysis Confidence

Multiple nearby completed sales support a broad GDV range, but subject condition, rental evidence, refurbishment costs and potentially payable special-condition charges are unavailable.