66, Midland Road, COALVILLE, Leicestershire, LE67 1EH

Description

Freehold three bedroom end of terrace house. Full vacant possession. Six week completion.

Accommodation

First floor: Three bedrooms. Ground floor: Two reception rooms, kitchen, bathroom/WC.

Location

The property is situated on Midland Road. Public transport links include Leicester mainline rail station together with a network of local bus services serving the surrounding vicinity. Road links include the A511, A42, and M1. Shopping amenities can be found locally with an extensive range of shops, bars and restaurants being found in Leicester to the east and Nottingham to the north. Recreational pursuits can be found locally at the open spaces of Penny Wakefield Community Woodland and Donington Le Heath Country Park.

Tenure / Property Information

Investment Analysis

Five supplied completed sales on Midland Road range from £150,000 to £176,500, with an arithmetic average of £163,900. These are broadly relevant same-road freehold terraced comparables, but differences in condition, exact accommodation and the subject property's end-terrace position are not evidenced. A supported comparable range is therefore £150,000–£176,500, with £163,900 used as the base GDV estimate.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, confirmation of special-condition fees, and a fully costed works assessment. The low guide price may offer apparent margin against comparables, but no reliable bid ceiling or strategy return can be established from the supplied evidence.

Works Required

No specific repair or refurbishment requirements are evidenced. The property should be inspected before bidding, including the condition associated with its EPC E rating and the unspecified heating and parking arrangements. No works allowance can be reliably quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £50,000 guide, the 75% refinance illustration on the £163,900 base GDV is £122,925. However, refurbishment costs, total acquisition costs and finance costs are unsupported, so cash left in and equity cannot be calculated reliably. The six-week completion requirement should be allowed for.

Buy-to-Let Analysis

The property is vacant and has three bedrooms, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rent and yield cannot therefore be established. BTL viability also depends on unknown condition, works and total acquisition costs.

Flip Analysis

The completed-sale evidence supports a broad resale value range of £150,000–£176,500, with a £163,900 base estimate. A flip surplus cannot be calculated because condition, works, selling costs and any seller charges are not supplied.

Investor Risks & Due Diligence

• Property condition and required works are not described; the EPC is rated E.

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

• Parking and heating details are not supplied.

• The seller may charge additional completion fees under the Special Conditions of Sale, but the amount is unknown.

• Six-week completion may require finance and due diligence to be arranged quickly.

• Comparable sales are same-road transactions but may differ in condition, exact accommodation and property position.

Recommendation

Proceed only subject to inspection, confirmation of special-condition fees, and a fully costed works assessment. The low guide price may offer apparent margin against comparables, but no reliable bid ceiling or strategy return can be established from the supplied evidence.

Strategy Rating

Analysis Confidence

The property identity, tenure, accommodation, vacancy, guide price and five completed same-road sales are supplied. Condition, rent, heating, parking, works, selling costs and potentially applicable seller fees are not sufficiently evidenced.