39 - 47 Newtown Road, Bedworth, Warwickshire CV12 8QD

Description

Unique opportunity - Portfolio of 11 properties, 7 of which are tenanted, with current rent payable of £57,758.75 p.a. with potential of circa £82,000 once fully let. Comprising 5 x 1 bed flats, 2 x 2 bed flats, 2 x house, 2 x bungalows. Located on the outskirts of Bedworth town centre an ideal investment opportunity. 2 of the vacant flats require modernisation. The auctioneers have not inspected all of the units and are relying on the information provided by the sellers.

Accommodation

No. 39 - 4 bedroom house; No. 41 - 2 bedroom ground floor flat; No. 41a - 1 bedroom first floor flat; No. 43 - 1 bedroom ground floor flat; No. 43a - 1 bedroom first floor flat; No. 43b - 1 bedroom first floor; No. 45 - 2 bedroom bungalow; No. 45a - 2 bedroom bungalow; No. 47a - 1 bedroom town house; No. 47 - 1 bedroom ground floor flat; No. 47c - 2 bedroom duplex flat.

Location

Located on the outskirts of Bedworth town centre.

Tenure / Property Information

Investment Analysis

The supplied sold comparables on Newtown Road range from £144,000 to £170,000, but they are individual houses and do not establish a reliable GDV for this mixed portfolio of 11 units. The guide midpoint is £540,000 plus fees. Reported current rent is £57,758.75 p.a., with an auctioneer estimate of circa £82,000 p.a. when fully let. The stated current rent does not reconcile with the individual rents supplied, so income requires verification.

Investment Snapshot

Strategy Recommendation

Potential income-led acquisition for an experienced landlord, subject to full legal, tenancy, condition and rent verification. Do not bid solely on the projected fully-let income.

Works Required

Modernisation of the two vacant flats identified by the auctioneer, letting of vacant units where suitable, and verification of condition, tenancy records, rent schedules and compliance across all 11 properties. No works cost is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because no supported portfolio GDV, refurbishment budget or finance costs are provided. The reported income may support refinancing, but valuation and rent reconciliation are essential before bidding.

Buy-to-Let Analysis

At the £540,000 guide midpoint, the reported current rent of £57,758.75 p.a. indicates approximately 10.70% gross yield before costs. The potential £82,000 p.a. would imply approximately 15.19%, but this is an auctioneer estimate rather than achieved rent. The individual rent figures conflict with the stated total, and four units are vacant.

Flip Analysis

A flip appraisal is unsupported. The supplied comparables concern individual houses rather than the entire mixed residential portfolio, while refurbishment costs and resale costs are not provided.

Investor Risks & Due Diligence

• The auctioneer has not inspected all units and relies on seller-provided information.

• The stated current rent of £57,758.75 p.a. does not reconcile with the individual rents supplied.

• Four of the 11 units are vacant.

• Two vacant flats reportedly require modernisation, but no cost allowance is provided.

• Additional search, seller, legal and transfer charges may be payable.

• Several units have EPC ratings of E, including Nos. 43a, 47 and 47c.

Recommendation

Potential income-led acquisition for an experienced landlord, subject to full legal, tenancy, condition and rent verification. Do not bid solely on the projected fully-let income.

Strategy Rating

Analysis Confidence

Tenancy, unit mix, guide price and some rent evidence are supplied, but the stated current rent conflicts with the individual rents, the auctioneer has not inspected all units, and GDV, works costs and several purchase charges are unavailable.