230 St. Georges Road, Stoke, Coventry, West Midlands

Description

3 bedroom, 3 storey mid terrace property requiring improvements. Located in a popular area of Stoke off Gulson Road. Approximately 1 mile to Coventry University. Ideal Investment opportunity.

Accommodation

GROUND FLOOR: Lounge: 11 ft 9 in x 11 ft 7 in max; Kitchen: 11 ft 7 in x 9 ft 3 in; Rear Store. FIRST FLOOR: Bedroom 1: 12 ft 1 in x 11 ft in max; Bedroom 2: 8 ft 5 in x 6 ft 8 in; Bathroom. SECOND FLOOR: Bedroom 3: 11 ft 7 in x 10 ft 8 in max. OUTSIDE: Front: Stoned area; Rear: Garden.

Location

Popular area of Stoke off Gulson Road. Approximately 1 mile to Coventry University.

Tenure / Property Information

Investment Analysis

The latest same-road completed sales were £110,000 and £116,000. Older sales range from £165,000 to £225,000, but these are less comparable by date and condition. A base GDV of £113,000 is therefore used, with a supported range of £110,000–£116,000. The property is described as requiring improvements, but no quantified works evidence is provided.

Investment Snapshot

Strategy Recommendation

Potential BTL subject to inspection, legal-pack review and confirmation that the required improvements are affordable. Do not set a final bid without a verified works budget and all auction costs.

Works Required

Complete the improvements identified by inspection and the legal pack. No specific defects or works scope is supplied, so a refurbishment budget cannot be estimated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the base GDV would indicate £84,750. Cash left in cannot be calculated because refurbishment costs and other completion costs are not quantified.

Buy-to-Let Analysis

The advertised asking rent is £1,200 pcm, equivalent to £14,400 annually. Using the £105,000 midpoint of the guide range gives an indicative gross yield of 13.71% before works, finance, tax and other costs. Achieved rent and total project cost are unconfirmed.

Flip Analysis

The base GDV is estimated at £113,000 from the latest same-road sales. A flip surplus cannot be calculated because works, selling costs and total project cost are unsupported.

Investor Risks & Due Diligence

• The property requires improvements, but no detailed condition survey or works budget is supplied.

• The rental figure is an advertised asking rent rather than achieved rent.

• Special conditions, legal fees, search fees, transfer fees and other disbursements may be payable.

• The comparable sales show a wide price range and may differ in condition or specification.

• On-street parking only.

Recommendation

Potential BTL subject to inspection, legal-pack review and confirmation that the required improvements are affordable. Do not set a final bid without a verified works budget and all auction costs.

Strategy Rating

Analysis Confidence

Recent same-road sold evidence, advertised rent and auction charges are supplied, but property condition, refurbishment costs, achieved rent, legal-pack costs and selling costs are not quantified.