3 Wren Street, Coventry

Description

A Terrace House arranged as Two Self-Contained Flats with accommodation arranged as follows: Self-Contained First Floor Flat comprising Living Room, Kitchen, Bedroom (One), Bedroom (Two) and Bathroom/WC; Self-Contained Ground Floor Flat comprising Entrance Hall, Living Room, Dining Room, Kitchen, Bedroom and Bathroom/WC. Yard at Rear.

Accommodation

Self-Contained First Floor Flat: Living Room, Kitchen, Bedroom (One), Bedroom (Two), Bathroom/WC. Self-Contained Ground Floor Flat: Entrance Hall, Living Room, Dining Room, Kitchen, Bedroom, Bathroom/WC. Yard at Rear.

Location

Situated near to the junction with Britannia Street, close to the amenities available in Coventry City Centre and travelling facilities including Coventry Train Station. Gosford Green is also nearby.

Tenure / Property Information

Investment Analysis

The £90,000 guide is not a formal valuation. No HM Land Registry sales or other comparable evidence has been supplied, so GDV and a reliable maximum bid cannot be established. The only rental evidence is an £800 pcm advertised asking rent for a three-bedroom flat, which is not directly comparable with this property arranged as two separate flats and is not an achieved rent.

Investment Snapshot

Strategy Recommendation

Do not bid on investment assumptions at this stage. Obtain comparable sales, independent rental appraisals, a full inspection and confirmation of the legal/planning status and compliance of the two flats before setting a bid limit.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance cannot be estimated; verify condition, services, kitchens, bathrooms, fire separation, utilities, certificates and legal compliance for both self-contained flats before bidding.

Rental & Market Context

Potential BRRR Position

BRRR analysis is not supportable without an evidence-based GDV, refurbishment budget, achievable rents and finance assumptions. The 75% refinance figure cannot be calculated.

Buy-to-Let Analysis

BTL income cannot be reliably assessed from the supplied evidence. The £800 pcm figure is an advertised asking rent for a three-bedroom flat and does not establish achievable rent for the two-flat arrangement. Both flats are vacant, so there is no passing rent.

Flip Analysis

A flip surplus cannot be calculated because there are no completed comparable sales, GDV, refurbishment costs or supported selling-cost allowance. The guide price alone is insufficient to assess resale margin.

Investor Risks & Due Diligence

• No completed comparable sales or formal valuation evidence has been supplied.

• The only rental evidence is an advertised asking rent for a different configuration and is not an achieved rent.

• Property condition and refurbishment requirements are unknown.

• Legal, planning and regulatory compliance of the two self-contained flats is not evidenced.

• Additional seller fees may be payable under the special conditions, but their amount is unknown.

• Both flats are vacant, so there is no established passing income.

Recommendation

Do not bid on investment assumptions at this stage. Obtain comparable sales, independent rental appraisals, a full inspection and confirmation of the legal/planning status and compliance of the two flats before setting a bid limit.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy and the two-flat layout, but provides no completed sales, reliable subject-specific rents, condition assessment, refurbishment costs, GDV or full fee schedule.