357 Pye Green Road, Cannock

Description

A vacant freehold semi detached property. A semi detached property standing back from the road behind a driveway and foregarden. The property is in need of modernisation.

Accommodation

Ground Floor: Entrance Hall, Store, Two Reception Rooms, Kitchen, Utility Room. First Floor: Landing, Two Bedrooms, Bathroom/WC. Outside: Rear Garden with outbuildings.

Location

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

Tenure / Property Information

Investment Analysis

The strongest evidence is the completed sale of the subject property at £127,500 on 5 March 2026. Other nearby semi-detached sales range from £125,500 to £148,000, although these are different properties. The £225,000 sale appears materially higher than the other evidence and has not been used. A supported scenario range is £125,500–£148,000, with £127,500 as the base GDV. The guide is £25,000 plus a known £2,700 administration charge, but the modernisation cost and any additional legal-pack costs are unknown.

Investment Snapshot

Strategy Recommendation

Potential BTL or refurbishment-led resale opportunity only if the legal pack, survey and competitive bidding confirm that the total cost remains well below the supported market evidence. Do not rely on the headline guide without a quantified works budget.

Works Required

Modernisation is required, but the evidence does not identify specific defects or provide a costed scope. Obtain a survey and review the legal pack before budgeting works. Existing accommodation includes two bedrooms, two reception rooms, kitchen, utility room, bathroom and rear outbuildings.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £127,500 base GDV, 75% refinancing would indicate £95,625. However, total project cost cannot be calculated because the modernisation budget and any additional legal-pack costs are unknown. Consequently, cash left in and the viability of refinancing cannot be established. The known guide plus administration charge is £27,700 before works and other costs.

Buy-to-Let Analysis

Advertised rental evidence is £700 pcm for the subject and £850 pcm for another two-bedroom Cannock property. This implies an indicative gross yield of 33.6%–40.8% against the £25,000 guide only. The yield after works, administration, finance, tax and other costs cannot be established because the refurbishment cost and full acquisition costs are unavailable. Advertised rents are not achieved rents.

Flip Analysis

The base resale evidence is £127,500, with supported nearby evidence from £125,500 to £148,000. A flip surplus cannot be calculated because refurbishment costs, additional acquisition costs and selling costs are not supplied. The low guide creates apparent headroom, but the guide is not a confirmed purchase price and the property requires modernisation.

Investor Risks & Due Diligence

• The property is stated to require modernisation, but the scope and cost of works are unknown.

• The £2,700 administration charge is payable, and additional legal-pack costs may apply.

• The guide price is not the confirmed purchase price and may rise through bidding.

• Rental figures are advertised asking rents rather than achieved rents.

• The subject sale and nearby comparables show a range of values, so the final GDV is uncertain.

• Refinance and flip returns cannot be confirmed without full project and selling costs.

Recommendation

Potential BTL or refurbishment-led resale opportunity only if the legal pack, survey and competitive bidding confirm that the total cost remains well below the supported market evidence. Do not rely on the headline guide without a quantified works budget.

Strategy Rating

Analysis Confidence

There is strong subject-specific sale evidence and some rental evidence, but no quantified refurbishment scope, no full fee schedule, no achieved rent and no confirmed purchase price.