322 Broad Lane, Tile Hill, Coventry, West Midlands

Description

3 bedroom link detached property with double garage and driveway. Requiring some improvements, an ideal investment opportunity. Located in a popular residential area off the A45 which provides direct access to Birmingham, with motorway links close by. Ideal family home to extend, subject to consents.

Accommodation

GROUND FLOOR Hallway: Lounge/diner: 23 ft 9 in max x 19 ft 2 in max Kitchen: 9 ft 9 in x 8 ft 9 in W.C FIRST FLOOR Bedroom 1: 9 ft 9 in x 13 ft 4 in Bedroom 2: 10 ft 4 in x 8 ft 9 in Bedroom 3: 9 ft 9 in x 11 ft 3 in Bathroom: OUTSIDE Front: Driveway plus double garage 20 ft max, 16 ft 1 in min x 16 ft 3 in Rear: Decking area plus garden.

Location

Located in a popular residential area off the A45, which provides direct access to Birmingham, with motorway links close by.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £306,500 to £535,000, but all supplied comparables are detached rather than link-detached and property condition/sizes are not fully comparable. An indicative base GDV of £360,000 is used cautiously, with £306,500–£385,000 as an evidence-led range excluding the £535,000 outlier.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and obtaining a survey, detailed improvement budget and local valuation. The evidence currently supports cautious owner-occupier/value-add consideration rather than a proven BTL or BRRR strategy.

Works Required

Survey and complete the unspecified improvements described by the auctioneer. No detailed works schedule, defects or cost evidence is supplied. Any extension requires consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the indicative £360,000 base GDV would be £270,000. BRRR viability cannot be calculated because refurbishment costs, total acquisition costs and achievable rent are unsupported.

Buy-to-Let Analysis

BTL assessment cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Known buyer premium and admin charge total £3,840, before any other legal-pack costs.

Flip Analysis

Potential resale value is indicated by same-street sales, but the evidence is for detached properties and no refurbishment budget or selling-cost allowance is supplied. Flip surplus cannot therefore be calculated reliably.

Investor Risks & Due Diligence

• Comparable sales are detached properties rather than the subject's link-detached type.

• The property requires unspecified improvements with no cost allowance supplied.

• No sufficiently specific rental evidence is available.

• Auction buyer and admin charges total £3,840, with further legal-pack charges possible.

• Any extension is subject to planning and other consents.

• EPC rating is D and council tax is Band E.

Recommendation

Proceed only after reviewing the legal pack and obtaining a survey, detailed improvement budget and local valuation. The evidence currently supports cautious owner-occupier/value-add consideration rather than a proven BTL or BRRR strategy.

Strategy Rating

Analysis Confidence

Completed sales and tenure/occupancy information are available, but comparables differ in property type and there is no reliable rent, works cost, legal-cost or detailed condition evidence.