31 Court Road, Wolverhampton

Description

A vacant freehold end terraced property. An end terraced property standing back from the road behind a foregarden. The property is in need of modernisation throughout.

Accommodation

Ground Floor: Entrance Hall, Two Reception Rooms, Kitchen, Rear Lobby, Bathroom/WC. First Floor: Landing, Three Bedrooms. Outside: Front and Rear Gardens.

Location

The property is in Wolverhampton and stands back from the road behind a foregarden.

Tenure / Property Information

Investment Analysis

The supplied same-road completed sales range from £108,000 to £175,000. The two most recent sales were £165,000 and £175,000 in 2025–2026. A base GDV of £165,000 is used as a conservative evidence-led estimate, with £108,000–£175,000 as the supplied comparable range. The subject property's need for modernisation means its final value depends on the completed specification and condition; no condition-adjusted valuation can be confirmed from the evidence.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, inspection and a detailed refurbishment quotation. The property may suit a refurbishment-led resale or rental strategy, but bidding should be conditional on proving that purchase price, modernisation costs and auction charges work against the supported GDV and rent evidence.

Works Required

Modernisation throughout as stated in the particulars. The precise scope, including kitchen, bathroom, finishes and any required EPC-related works, requires inspection and quotations; no specific defects or refurbishment budget has been supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £165,000 base GDV, 75% refinancing equates to £123,750. However, the refurbishment cost, total acquisition cost and finance assumptions are unavailable, so cash left in and equity cannot be reliably calculated. BRRR viability depends heavily on the unknown modernisation budget and achieved valuation.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £695 pcm, equivalent to £8,340 annually; no achieved rent or auctioneer estimate is supplied. Against the £30,000 guide, the indicative gross yield is 27.8%, but this excludes refurbishment, the £2,700 administration charge, taxes, finance, maintenance, voids and other costs. A reliable yield on total cost cannot be established.

Flip Analysis

The supplied completed sales support a broad £108,000–£175,000 evidence range, with £165,000 used as the base GDV. A flip surplus cannot be calculated because no refurbishment allowance, purchase price beyond the guide, or full acquisition and selling-cost information is supplied. The £2,700 administration charge is known and would need to be included in any bid appraisal.

Investor Risks & Due Diligence

• The property is vacant and stated to need modernisation throughout.

• EPC rating F may require investigation of energy-efficiency improvement requirements.

• The £2,700 administration charge is payable in addition to the purchase price.

• Additional legal-pack costs may apply, but are not supplied.

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

• The full special conditions, taxes and other acquisition costs have not been provided.

• Final GDV may vary materially because the comparable sales do not provide the subject property's post-modernisation specification or condition.

Recommendation

Proceed only subject to legal-pack review, inspection and a detailed refurbishment quotation. The property may suit a refurbishment-led resale or rental strategy, but bidding should be conditional on proving that purchase price, modernisation costs and auction charges work against the supported GDV and rent evidence.

Strategy Rating

Analysis Confidence

There is good same-road completed-sale evidence and one rental asking figure, but no measured survey, refurbishment budget, legal-pack costs, achieved rental evidence or condition-adjusted valuation.