3 Banbury Road, Southam, Warwickshire, CV47 1NT

Description

A characterful Grade 2 listed thatched cottage with one-bedroom. The accommodation comprises a living room, a dining area, a kitchen, a WC, a bedroom and a bathroom. There is a yard to the rear. The total approximate floor area, taken from the EPC, is 53m2. The property is well located for all amenities in the centre of Southam. All services/appliances have not and will not be tested.

Accommodation

Living room, dining area, kitchen, WC, bedroom, bathroom and rear yard. Total approximate floor area: 53m2.

Location

Well located for all amenities in the centre of Southam.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Banbury Road range from £181,250 to £240,000, but they are recorded as terraced properties and no comparable floor areas, bedroom counts, condition details or listed/thatch characteristics are provided. The subject is a 53m2 one-bedroom Grade 2 listed thatched cottage, so the evidence does not support a reliable GDV or valuation adjustment. The £91,000 guide is not evidence of market value. No sufficiently specific rental evidence is available.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Proceed only after inspection, legal review of the Grade 2 listing, confirmation of permitted works, and independent valuation and rental assessment.

Works Required

No specific defects or required works are disclosed. A physical inspection and specialist review would be required before budgeting works. Any works to this Grade 2 listed thatched cottage may require appropriate listed-building and thatch-related consideration, but no works scope or cost can be established from the evidence.

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 a supported GDV, refurbishment budget and rent. The 1.2% buyer premium is subject to a £1,200 minimum, so at the £91,000 guide the minimum stated premium would apply; other possible fees are also disclosed but unquantified.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property’s one-bedroom configuration and central location are stated, but achievable rent, operating costs and condition remain unverified.

Flip Analysis

A flip appraisal cannot be reliably calculated. Although the supplied Banbury Road sales range from £181,250 to £240,000, their differences from the subject are not quantified and no supported works, selling costs or directly comparable valuation are available.

Investor Risks & Due Diligence

• Grade 2 listed status may constrain alterations and require appropriate consent.

• Thatched construction is stated, but no specialist condition or maintenance assessment is supplied.

• Services and appliances have not and will not be tested.

• No refurbishment scope or cost evidence is provided.

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

• The supplied sold comparables are recorded as terraced properties and lack key comparability details.

• Additional search, seller, legal, transfer and disbursement costs may apply but are unquantified.

Recommendation

Do not bid on current evidence. Proceed only after inspection, legal review of the Grade 2 listing, confirmation of permitted works, and independent valuation and rental assessment.

Strategy Rating

Analysis Confidence

Completed sales are available but are not sufficiently specific to the subject, while rent, condition, refurbishment cost, GDV and several acquisition costs are unsupported or unquantified.