47 Ansley Road, Stockingford, Nuneaton, Warwickshire

Description

2 bedroom detached bungalow, plus loft room. Driveway to the front plus mature garden to the rear. Potential investment opportunity or forever home.

Accommodation

Ground floor: Porch; Lounge/Diner: 21 ft 6 in x 10 ft; Kitchen: 9 ft 2 in x 9 ft 3 in; Bedroom 1: 11 ft 3 in max x 10 ft; Bedroom 2: 11 ft max x 10 ft 1 in; Wetroom. First floor: Loft room with ladder access. Outside: Front driveway; rear garden.

Location

Stockingford, Nuneaton, Warwickshire

Tenure / Property Information

Investment Analysis

The supplied sold evidence is for detached properties on Ansley Road, ranging from £170,000 to £325,000, but no sufficiently specific bungalow comparables, floor areas, condition evidence or direct market valuation are provided. The variation in prices means a reliable GDV cannot be established from this evidence alone.

Investment Snapshot

Strategy Recommendation

Do not set a bid or strategy from the supplied evidence alone. Commission a survey, verify legal and additional auction costs, and obtain local bungalow rental and sales evidence before proceeding.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full survey and verify the condition of the bungalow, loft room, wetroom, gas heating, roof, services, driveway and garden before specifying works.

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 GDV, refurbishment costs, rent and finance assumptions are unsupported. The stated buyer premium and admin charge would also need to be included alongside any other applicable auction costs.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating return and an evidence-based purchase price cannot therefore be calculated.

Flip Analysis

A flip appraisal cannot be completed reliably. Although sold detached comparables range from £170,000 to £325,000, they are not sufficiently specific to this two-bedroom bungalow and no works budget or supported selling allowance is provided.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence is supplied.

• The sold comparables are detached properties with materially differing prices and no stated similarity in accommodation or condition.

• Property condition and refurbishment requirements are not evidenced.

• Additional auction costs may include search fees, sellers' cost reimbursement, legal fees and transfer fees.

• The loft room has ladder access, but no evidence is supplied regarding its status or suitability for a particular use.

Recommendation

Do not set a bid or strategy from the supplied evidence alone. Commission a survey, verify legal and additional auction costs, and obtain local bungalow rental and sales evidence before proceeding.

Strategy Rating

Analysis Confidence

The property description and tenure are clear, but there is no specific rental evidence, no condition or works assessment, and the supplied sold comparables vary materially and are not directly comparable bungalow evidence.