4 Wrottesley Road, Tettenhall, Wolverhampton, WV6 8SD

Description

A vacant three bed semi-detached property needing renovation.

Accommodation

Ground Floor: Hall, Front Reception, Rear Reception Room, Kitchen, Utility. First Floor: Landing, Three Bedrooms, Bathroom. Outside: Small Front Garden & Large Rear Garden.

Location

Set within the popular village of Tettenhall, surrounded by South Staffs Golf club, a variety of pubs and eateries, local schools, and Tettenhall College. Wolverhampton City Centre is a short drive away.

Tenure / Property Information

Investment Analysis

The available same-road completed sales range from £240,000 in 2014 to £308,000 in 2021 for semi-detached freehold properties. Applying a cautious evidence-based range, a £240,000 low scenario, £274,000 base scenario and £308,000 high scenario are used. The subject requires renovation and the comparables are dated and lack accommodation/condition details, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only on a conditional basis after reviewing the legal pack and obtaining a refurbishment inspection and costs. BTL may be viable at the guide on the advertised rent, but the missing works budget prevents a reliable project or maximum-bid assessment.

Works Required

Renovation of the vacant three-bedroom semi-detached property, with the precise scope to be established through inspection and the legal pack. No specific defects or refurbishment costs are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £274,000 base GDV scenario, 75% refinancing would be approximately £205,500. However, refurbishment costs, total acquisition costs and finance costs are not supplied, so cash left in and whether the refinance would recover the project capital cannot be calculated.

Buy-to-Let Analysis

The only clearly relevant rental evidence is a three-bedroom property on Wrottesley Road advertised at £1,200 pcm, equating to £14,400 annually and approximately 11.43% gross yield against the £126,000 guide. This is an asking rent, not an achieved rent, and the yield after renovation, finance, purchase costs and management cannot be established because refurbishment costs are unavailable.

Flip Analysis

The dated same-road sales provide a broad £240,000–£308,000 value range, with a £274,000 base scenario. A flip surplus cannot be calculated because the renovation allowance and selling-cost allowance are unsupported. The guide-to-GDV spread should therefore not be treated as profit.

Investor Risks & Due Diligence

• The property is expressly described as needing renovation, but no scope or cost allowance is available.

• The comparable sales are dated and provide limited information on condition, size and specification.

• The £1,200 pcm figure is an advertised asking rent rather than an achieved rent.

• The EPC is only stated to be in the legal pack and has not been evidenced.

• Additional completion costs may apply under the special conditions, beyond the stated £2,700 administration charge.

• Bidding above the £126,000 guide would reduce the indicated gross yield.

Recommendation

Proceed only on a conditional basis after reviewing the legal pack and obtaining a refurbishment inspection and costs. BTL may be viable at the guide on the advertised rent, but the missing works budget prevents a reliable project or maximum-bid assessment.

Strategy Rating

Analysis Confidence

There are two same-road semi-detached completed sales and one relevant three-bedroom asking-rent listing, but the sales are dated, condition and floor area are absent, and no refurbishment costs, EPC details or complete legal-pack costs are supplied.