50 Bitterscote Lane, Tamworth, Staffordshire B78 3LE

Description

A freehold well-proportioned three bedroomed semi-detached home, ideally situated in the highly popular Fazeley, Tamworth. Offering spacious and versatile accommodation throughout, this property is perfectly suited to first-time buyers, growing families, or investors alike. To the front, the home benefits from a front garden and driveway providing off-road parking for two vehicles. Internally, the property comprises a welcoming living room, separate dining room, and a fitted kitchen, offering excellent space for both everyday family living and entertaining guests. To the first floor, there are three well-sized bedrooms alongside a family bathroom, creating comfortable and practical living accommodation. Externally, the property boasts a decent-sized rear garden, ideal for outdoor dining, family use, or simply enjoying a private outdoor space, and driveway parking. The property is offered with vacant possession upon completion. Located within the ever-popular Fazeley area of Tamworth, the property is conveniently positioned close to local amenities, schools, and excellent transport links. The property is available to cash buyers only due to non-standard construction.

Accommodation

Living Room: 3.22m x 4.56m; Dining Room: 3.06m x 3.16m; Kitchen: 2.54m x 3.29m; Bedroom: 2.55m x 4.2m; Bedroom: 3.24m x 3.52m; Bedroom: 2.3m x 2.93m; Bathroom: 1.64m x 2.25m

Location

Located within the highly popular Fazeley area of Tamworth, close to local amenities, schools, and excellent transport links.

Tenure / Property Information

Investment Analysis

The supplied Land Registry evidence includes a same-road semi-detached sale at £135,000 in August 2020, but the evidence is dated and does not establish a current value. The subject is also non-standard construction and cash buyers only, which may materially affect valuation, mortgageability, insurance and resale. No sufficiently specific rental evidence or condition survey is supplied. At the £90,000 guide, the buyer premium is £6,000 because the 4.8% calculation is below the stated minimum, before any other special-condition costs.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after confirming the construction type, insurability, specialist valuation, condition and all Special Conditions costs; otherwise avoid the lot.

Works Required

No specific defects or refurbishment requirements are evidenced. Arrange a detailed inspection focused on the non-standard construction, structure, external fabric, services and condition before bidding; only evidenced works should be budgeted.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. Current GDV, refurbishment cost, rent, mortgageability and refinance value are unsupported, while the non-standard construction creates additional valuation and lending risk.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The cash-buyers-only restriction may also limit refinancing and the future buyer pool.

Flip Analysis

A flip surplus cannot be calculated. The £135,000 same-road sale from 2020 provides context only and is not sufficient to establish current GDV, particularly given the subject's non-standard construction and unknown condition. Selling costs are also not supplied.

Investor Risks & Due Diligence

• Non-standard construction may restrict mortgageability, insurance and resale.

• Cash buyers only materially narrows the purchaser and refinance pool.

• No current valuation evidence is supplied; the closest comparable is a 2020 sale.

• No property condition survey or refurbishment budget is supplied.

• No sufficiently specific rental evidence is available, so investment yield cannot be established.

• Additional fees may be payable under the Special Conditions of Sale.

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

Recommendation

Do not bid on the current evidence alone. Proceed only after confirming the construction type, insurability, specialist valuation, condition and all Special Conditions costs; otherwise avoid the lot.

Strategy Rating

Analysis Confidence

The evidence confirms the property type, tenure, vacant possession, guide price, buyer premium and cash-only restriction, but lacks current comparable evidence, rental evidence, condition information, EPC, services details and a supported refurbishment budget.