50 Wood Lane, Church Warsop, Mansfield, Nottinghamshire, NG20 0SR

Description

A spacious two-bedroom detached home offering approximately 1,037 sq. ft. of accommodation, with off-road parking, a generous rear garden and excellent scope for refurbishment and adding value. The property occupies a generous plot on Wood Lane in the popular residential village of Church Warsop. It provides approximately 1,037 sq. ft. (96.3 sq. m.) of accommodation and requires further refurbishment and finishing works.

Accommodation

Ground floor: entrance hall, living room measuring approximately 16'3" x 16'0", and kitchen/dining area measuring approximately 16'3" x 14'5" with access to the rear. First floor: two double bedrooms, including a principal bedroom measuring approximately 16'3" x 12'10", and a family bathroom with a bath and separate shower enclosure.

Location

Popular residential village of Church Warsop, well positioned for local amenities, schools and transport connections.

Tenure / Property Information

Investment Analysis

No completed-sale comparables or formal valuation evidence were supplied, so market value/GDV cannot be reliably established. The £100,000 guide is an auction guide, not a valuation. Rental evidence is inconsistent: £475 pcm and £950 pcm advertised asking rents for two-bedroom properties in/around Church Warsop; neither is an achieved rent or confirmed direct comparable.

Investment Snapshot

Strategy Recommendation

Do not set a bid or commit to a strategy until the legal pack, full refurbishment scope, buyer premium, other charges and local completed-sale evidence have been reviewed. Subject to those checks, investigate a refurbishment-led owner-occupier or rental resale strategy rather than relying on the unsupported £950 pcm indication.

Works Required

Complete the stated refurbishment and finishing works. The evidence does not identify specific defects, so no detailed scope or cost allowance can be supported. Retain and assess the existing off-road parking, rear garden, kitchen/dining area and bathroom as part of the refurbishment planning.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported GDV, refurbishment budget or achieved-rent evidence. The £3,600 administration charge is known, while buyer premium and other costs remain subject to the legal pack. Refinancing at 75% of GDV cannot be calculated without a supported GDV.

Buy-to-Let Analysis

At the £100,000 guide, the two advertised rent indications imply gross yields of approximately 5.7% at £475 pcm and 11.4% at £950 pcm, before refurbishment, buyer premium, the £3,600 administration charge and other possible legal or seller-cost reimbursements. The range is too wide and both figures are asking rents, so a reliable BTL yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale comparables, GDV or refurbishment cost evidence was supplied. The project would also need to account for the £3,600 administration charge, potentially payable buyer premium, other legal-pack costs, refurbishment and resale costs.

Investor Risks & Due Diligence

• No completed-sale evidence supports a GDV or maximum bid.

• The property requires further refurbishment and finishing works, but their scope and cost are unspecified.

• Rental evidence ranges from £475 pcm to £950 pcm and consists only of advertised asking rents.

• Buyer premium and additional legal-pack charges are not quantified.

• The £3,600 administration charge is payable at the fall of the virtual gavel.

• Vacant possession means there is no passing rent to verify.

Recommendation

Do not set a bid or commit to a strategy until the legal pack, full refurbishment scope, buyer premium, other charges and local completed-sale evidence have been reviewed. Subject to those checks, investigate a refurbishment-led owner-occupier or rental resale strategy rather than relying on the unsupported £950 pcm indication.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, guide price, administration charge and two advertised rent indications are supplied, but there are no completed-sale comparables, detailed condition schedule, refurbishment costs, confirmed rent, buyer premium or full legal-pack charges.