40 Shale Street, Bilston, Wolverhampton, WV14 0HF

Description

A vacant freehold end terraced property standing back behind a foregarden. The property benefits from double glazing, however it is in need of modernisation.

Accommodation

Ground Floor: Hall, Through Reception Room, Dining Kitchen, WC. First Floor: Landing, Three Bedrooms, Bathroom/WC. Outside: Gardens.

Tenure / Property Information

Investment Analysis

Completed sales on Shale Street range from £45,000 to £145,000. The evidence does not disclose the condition or specification of the comparable properties, so the range is broad and cannot support a precise valuation. A cautious base GDV estimate of £135,000 is used, with £88,000 as a low scenario and £145,000 as a high scenario. The subject is vacant and in need of modernisation, but the required works are not quantified.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection and full legal-pack review, with a bid ceiling set after obtaining a refurbishment quotation and identifying all additional costs. The low guide price gives potential for BTL or BRRR, but the evidence is insufficient to recommend an unconditional purchase.

Works Required

Modernisation of the vacant three-bedroom end terrace, subject to inspection and legal-pack review. The evidence does not specify which elements require replacement or repair, so no detailed schedule or cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £25,000 guide, the known purchase price plus the £2,700 administration charge is £27,700 before works and other costs. A 75% refinance of the £135,000 base GDV would be £101,250, but cash left in cannot be calculated because refurbishment and total project costs are unknown. The strategy is potentially attractive only if the modernisation cost and legal-pack liabilities are controlled.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £575 pcm for a three-bedroom property in Bilston, producing £6,900 annual gross rent. Against the £25,000 guide alone, this is a gross yield of 27.6%, but the true yield cannot be established without refurbishment costs, acquisition costs beyond the £2,700 administration charge, finance costs, operating costs and confirmation that the property can achieve the advertised rent.

Flip Analysis

The evidence supports a broad resale/GDV range of £88,000 to £145,000, with a £135,000 base scenario. However, refurbishment costs, selling costs and any special-condition charges are unknown, so a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the scope and cost of works are unknown.

• The completed sales range is wide, from £45,000 to £145,000, with no comparable condition or specification details.

• The £575 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Additional legal-pack costs may be payable on completion and are not supplied.

• The £2,700 administration charge is payable in addition to the bid price.

• EPC rating E may require future consideration of energy-efficiency compliance and associated costs.

Recommendation

Proceed only subject to inspection and full legal-pack review, with a bid ceiling set after obtaining a refurbishment quotation and identifying all additional costs. The low guide price gives potential for BTL or BRRR, but the evidence is insufficient to recommend an unconditional purchase.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and one local advertised rent, but comparable condition, refurbishment scope, full acquisition costs, selling costs and legal-pack liabilities are not supplied.