32 Sycamore Road, Wednesbury, WS10 0BG

Description

A vacant freehold semi detached property.

Accommodation

Ground Floor: Porch, Hall, Through Reception Room with Dining Area, Kitchen, Utility Room, Rear Conservatory. First Floor: Landing, Two Bedrooms, Bathroom/WC with Shower. Outside: Driveway and Gardens.

Location

Standing back from the road behind a driveway and foregarden.

Tenure / Property Information

Investment Analysis

Completed sales on the same road range from £120,000 to £212,000, with other evidence at £137,000 and £189,000. The wide range, together with no supplied condition, floor area or comparable bedroom details, makes this an indicative scenario analysis rather than a formal valuation. A base GDV of £137,000 is used, with £120,000 low and £189,000 high scenarios based on the supplied sales evidence.

Investment Snapshot

Strategy Recommendation

Potentially suitable for BTL or BRRR at a low acquisition price, but only after inspection and legal-pack review. Do not rely on the apparent guide-price yield or base GDV until works, costs and achievable rent are verified.

Works Required

No specific defects or required works are evidenced. Arrange a full inspection covering the house, conservatory, kitchen, bathroom, heating system, roof, services, windows and external areas before setting a refurbishment budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the purchase plus known administration charge is at least £32,700 before any refurbishment, taxes or other legal-pack costs. A 75% refinance against the £137,000 base GDV would be approximately £102,750, but total project cost and cash left in cannot be established because condition, works and additional costs are unsupported.

Buy-to-Let Analysis

The supplied advertised asking rents of £900–£950 pcm imply annual gross rent of £10,800–£11,400 and an indicative gross yield of 36%–38% against the £30,000 guide. Including the known £2,700 administration charge alone would reduce the range to approximately 33.0%–34.9%, before works, finance, taxes, insurance, maintenance and other costs. These are asking rents, not achieved rents, and the guide is £30,000+.

Flip Analysis

The supplied same-road sales support indicative GDV scenarios of £120,000, £137,000 and £189,000. A reliable flip surplus cannot be calculated because refurbishment costs, acquisition taxes, additional auction costs, finance costs and selling costs are not evidenced. The comparable range is also wide.

Investor Risks & Due Diligence

• Property condition and refurbishment requirements are not supplied.

• The same-road completed sales vary significantly from £120,000 to £212,000.

• Rental evidence is advertised asking rent rather than achieved rent.

• The guide is £30,000+ and the final purchase price may be higher.

• Additional costs may be payable under the special conditions and are not supplied.

• Stamp duty and government taxes are excluded from the quoted administration charge.

• The property is vacant, so there is no evidenced passing rent.

Recommendation

Potentially suitable for BTL or BRRR at a low acquisition price, but only after inspection and legal-pack review. Do not rely on the apparent guide-price yield or base GDV until works, costs and achievable rent are verified.

Strategy Rating

Analysis Confidence

The analysis has exact same-road completed sales, advertised rental evidence and a stated administration charge, but lacks condition, floor area, detailed legal-pack costs, refurbishment scope and achieved rental evidence.