47 Walsall Road, Wednesbury, West Midlands, WS10 9JS

Description

A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Two Bedrooms, Bathroom. Second Floor: Bedroom. Exterior: Rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Darlaston Park are within easy reach. Transport links are provided by Bescot Stadium rail station and the M6.

Tenure / Property Information

Investment Analysis

The strongest completed evidence is £102,500 for 69A Walsall Road in November 2024, with 49 Walsall Road at £115,000 in March 2020. The £182,000 2017 sale is less comparable by date and has no condition detail. Allowing for the subject being a vacant three-bedroom terrace requiring refurbishment, an indicative GDV range of £102,500–£115,000 is supportable, with a base estimate of £110,000. This is an estimate rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and firm refurbishment quotations. The asking-rent evidence suggests a potentially strong headline BTL yield at the guide, but the unknown works cost makes the investment case conditional rather than confirmed.

Works Required

Refurbishment is required, but the evidence does not specify the defects, finishes, services or statutory works. A detailed inspection and contractor quotations are required before budgeting or bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative £110,000 base GDV, 75% refinance equates to £82,500. The guide plus the stated £1,800 administration charge is £81,800 before refurbishment and other costs, so the refinance headroom appears limited even before works. Cash left in cannot be calculated because the refurbishment scope and cost are not evidenced.

Buy-to-Let Analysis

The advertised asking rent of £1,025 pcm implies £12,300 annual gross rent. Against the £80,000 guide alone, the gross yield is approximately 15.38%; however, this excludes refurbishment, the £1,800 administration charge, finance, maintenance, voids, management and other costs. The rent is an advertised asking figure, not an achieved or passing rent.

Flip Analysis

A potential resale value is indicated by the £102,500–£115,000 completed comparable range, with a base GDV of £110,000. A flip surplus cannot be calculated because refurbishment costs, selling costs and any further purchase disbursements are unknown.

Investor Risks & Due Diligence

• Refurbishment is stated as required, but no defect schedule or cost evidence is supplied.

• The £1,025 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• The £1,800 administration charge is known, but buyer premium and possible legal-pack disbursements are not supplied.

• The comparable evidence is limited, includes different sale dates and provides no condition details.

• Parking, heating and council tax information are not supplied.

Recommendation

Proceed only subject to inspection, legal-pack review and firm refurbishment quotations. The asking-rent evidence suggests a potentially strong headline BTL yield at the guide, but the unknown works cost makes the investment case conditional rather than confirmed.

Strategy Rating

Analysis Confidence

There are two useful same-road completed comparables and one advertised rental listing, but refurbishment scope, achieved rent, buyer premium, legal disbursements and several property cost details are unavailable.