59 Market Street, Kingswinford, West Midlands DY6 9LG

Description

A freehold detached property offered with vacant possession upon completion, located along Market Street, Kingswinford. The property is in need of renovation and has substantial scope to add value. The building would lend itself well for both commercial or residential use owing to the location.

Location

Situated on Market Street in the popular town of Kingswinford, close to shops, cafés, restaurants, pubs, essential services, local schools and green spaces. Nearby Wall Heath provides additional amenities. The property has road links towards Dudley, Stourbridge, Wolverhampton and the wider West Midlands, with Birmingham also accessible.

Tenure / Property Information

Investment Analysis

The supplied completed sales are on the same street but are dated 2002–2011 and relate to semi-detached and terraced properties rather than this detached bungalow. No accommodation, bedroom count, floor area, current condition specification or sufficiently comparable current evidence is provided. A reliable GDV or market value cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Do not set an investment bid or proceed on the stated value-add proposition without obtaining the auction legal pack, confirming planning and permitted use, inspecting the property, measuring the accommodation and obtaining current valuation and rental evidence.

Works Required

Renovation is required, but the evidence does not specify the condition, layout, services or defective elements. Any works budget should remain subject to a full inspection, measured survey and review of planning and auction legal documents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because the GDV, refurbishment cost, rent, property specification and refinance basis are unsupported. The proposed residential or commercial use should be verified through planning, title and lender due diligence before relying on a refinance strategy.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, and the accommodation details are incomplete. Rental income and gross yield cannot be established. The 1% buyer premium is subject to a minimum of £2,250, so at the £150,000 guide the stated premium would be £2,250, excluding any further unknown charges.

Flip Analysis

A flip surplus cannot be calculated. The available sold evidence is materially dated and not directly comparable, while no current GDV, floor area, detailed works scope or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• No accommodation, bedroom count or floor area is provided.

• The property is stated to need renovation, but the extent and cost of works are unknown.

• The supplied sold comparables are dated 2002–2011 and are different property types.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The suggested commercial or residential potential requires verification; the evidence does not confirm permitted use or planning consent for conversion or change of use.

• Additional fees may be listed in the Special Conditions of Sale and are not quantified.

• The minimum buyer premium of £2,250 applies at the £150,000 guide, before any other unknown costs.

Recommendation

Do not set an investment bid or proceed on the stated value-add proposition without obtaining the auction legal pack, confirming planning and permitted use, inspecting the property, measuring the accommodation and obtaining current valuation and rental evidence.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacant possession, guide price and location, but omits accommodation, bedrooms, floor area, EPC, council tax, heating, detailed condition, planning details, current comparable values, rents and several costs.