50 High St, Feckenham, Worcestershire

Description

A two bedroom Grade II Listed cottage in need of updating. The cottage benefits from a large rear garden.

Accommodation

Ground Floor - Reception Room, Lounge/Diner, Kitchen. First Floor - Two Bedrooms, Shower Room/WC.

Location

Located on High Street, accessed off The Square. A range of shops, restaurants and pubs are available in the centre of Redditch. The recreational amenities of Feckenham Wylde Moor Nature Reserve is nearby. Road links via the M2 and A422. Transport: Redditch Station - National Rail.

Tenure / Property Information

Investment Analysis

The strongest relevant evidence is 24 High Street, a terraced freehold sale at £200,000, and 22 High Street, a terraced freehold sale at £185,000. Other High Street comparables are detached or semi-detached and are less directly comparable. As the subject's precise external form and condition are not fully evidenced, an indicative GDV range of £185,000–£200,000 is used, with a £200,000 base case. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential BTL, subject to confirming the achievable rent, listed-building work requirements, refurbishment cost and all auction charges. Avoid relying on the apparent margin without those checks.

Works Required

Updating works are indicated by the description, but no detailed schedule or cost evidence is supplied. Any works should be assessed with regard to the Grade II Listed status before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £200,000 base GDV, 75% refinancing is £150,000. This exceeds the £145,000 guide by £5,000 before works, buyer costs, VAT, finance and other expenses. Because refurbishment costs and auction charges are unavailable, cash left in and overall BRRR viability cannot be calculated.

Buy-to-Let Analysis

The advertised two-bedroom rental evidence is £1,850 pcm, equivalent to £22,200 annually. Against the £145,000 guide, this indicates a gross yield of approximately 15.31%. The evidence is an asking rent rather than achieved rent, and the buyer fee, VAT position, works cost and other ownership costs are unknown, so the all-in yield cannot be established.

Flip Analysis

The indicative base GDV is £200,000 against the £145,000 guide, but no supported refurbishment budget or selling-cost allowance is available. A reliable flip surplus and maximum bid therefore cannot be established.

Investor Risks & Due Diligence

• Grade II Listed status may affect the scope and approval of updating works; no detailed works schedule or cost is provided.

• The £1,850 pcm figure is an advertised asking rent, not an achieved or passing rent.

• The buyer fee is unspecified, and VAT or seller charges may apply.

• The subject's exact external form and condition are not fully evidenced, limiting the comparability of the sold evidence.

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

Recommendation

Potential BTL, subject to confirming the achievable rent, listed-building work requirements, refurbishment cost and all auction charges. Avoid relying on the apparent margin without those checks.

Strategy Rating

Analysis Confidence

There are two reasonably relevant sold comparables, one advertised rental listing and a stated guide price, but the subject's detailed condition, property form, refurbishment cost, EPC, charges and achieved rental evidence are missing.