39 Brookside Avenue, Whoberley, Coventry, West Midlands

Description

2 bedroom, first floor maisonette plus garage requires improvements. Located in a popular residential area off Allesley Old Road. Leasehold with 45 years remaining. Ideal investment opportunity.

Accommodation

FIRST FLOOR: Stairs leading to; Hall; Kitchen: 11 ft 2 in x 7 ft 3 in max; Lounge: 16 ft 4 in x 11 ft 9 in; Bedroom 1: 12 ft 9 in x 11 ft 9 in max; Bedroom 2: 10 ft 5 in x 11 ft 3 in max; Bathroom. OUTSIDE: On street parking and garage in a block.

Location

Located in a popular residential area off Allesley Old Road.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £120,500 to £154,000, with the latest 2025 sale at £154,000. However, the comparable lease lengths and condition are not supplied, while this property has only 45 years remaining and requires improvements. £154,000 is therefore an indicative base GDV, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming lease-extension implications and obtaining a refurbishment budget. Do not rely on the headline GDV or advertised rents without verification.

Works Required

Improvements are required, but no defects or scope are specified. Obtain a survey and quantify works before bidding; no reliable refurbishment allowance can be calculated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the indicative £154,000 base GDV would be £115,500. Cash left in cannot be calculated because works, total acquisition costs and special-condition disbursements are not quantified. The short lease is a significant refinance risk.

Buy-to-Let Analysis

Advertised two-bedroom rents range from £500 to £900 pcm, but these are asking rents and vary materially by source. At the £50,000 low guide, this implies a gross range of approximately 12.0% to 21.6% before works, fees, finance and lease-related costs. The 45-year lease may materially restrict mortgageability and resale.

Flip Analysis

The latest same-road sale supports an indicative £154,000 GDV, but the subject’s 45-year lease, required improvements and unknown selling costs prevent a reliable flip surplus calculation.

Investor Risks & Due Diligence

• Only 45 years remain on the lease.

• The property requires improvements, but the scope and cost are unknown.

• Rental evidence consists only of advertised asking rents and ranges from £500 to £900 pcm.

• Buyer premium and admin charge total £2,400, with possible additional legal, search, transfer and seller-cost disbursements.

• Comparable sale lease lengths and property conditions are not supplied.

Recommendation

Proceed only after reviewing the legal pack, confirming lease-extension implications and obtaining a refurbishment budget. Do not rely on the headline GDV or advertised rents without verification.

Strategy Rating

Analysis Confidence

Recent same-road sales and rental advertisements are available, but lease comparability, works cost, selling costs, financeability and special-condition disbursements are not evidenced.