70 North Street, Walsall, West Midlands

Description

A spacious, three bedroom residence situated in popular residential area convenient for local amenities and the Town Centre. The property comprises, gas centrally heating, double glazing both where stated, hall, ground floor w.c, lounge, dining room, kitchen, ground floor bathroom, cellar, and rear garden. Viewing is recommended. EPC rating E

Accommodation

Ground Floor: Hallway, Reception Room (3.34m x 3.89m), Reception Two (3.44m x 3.90m), Kitchen, Ground Floor W.C., Ground Floor Bathroom. Second Floor: Bedroom One (5.15m x 3.35m), Bedroom Two (3.45m x 3.91m), Bedroom Three (3.50m x 2.34m). Garden: Having mature rear garden.

Location

Situated in popular residential area convenient for local amenities and the Town Centre.

Tenure / Property Information

Tenure	Freehold
EPC	Current Rating E
Heating	Gas centrally heating
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The strongest evidence is the completed sale of 80 North Street at £140,000 on 13 December 2024. Older same-street sales were £110,000 in 2017 and £120,000 in 2014, but they are not reliable current comparables. A provisional base GDV of £140,000 is supported, subject to confirming condition, layout, exact similarity and legal matters. No auction guide price is supplied, so a maximum bid and purchase-cost analysis cannot be established.

Investment Snapshot

HB Estimated GDV	£140,000
Estimated Monthly Rent	£300 pcm
Estimated Annual Rent	£3,600 pa

Strategy Recommendation

Do not bid on the current evidence. Obtain the guide price, inspect condition, review the legal pack and confirm achievable local rent before considering BTL, BRRR or a flip.

Works Required

No specific defects or refurbishment scope are evidenced. Inspect the property and legal pack, verify the reported gas central heating, double glazing, bathroom, kitchen, cellar and garden condition, and investigate whether works are needed to improve the EPC E rating. No works allowance is estimated.

Rental & Market Context

HB Estimated Market Rent

£300 pcm

Houses to rent in Weston Street, WS1, West Midlands — 3 bed — — Advertised asking rent

£300 pcm

Sold Comparables

The following completed sales were identified within approximately 5 miles:

80, North Street, Walsall, Walsall, Ws2 8au 2024-12-13 · Terraced · Freehold	£140,000
79, North Street, Walsall, Walsall, Ws2 8au 2017-04-28 · Terraced · Freehold	£110,000
81, North Street, Walsall, Walsall, Ws2 8au 2014-03-14 · Terraced · Freehold	£120,000
82, North Street, Walsall, Walsall, Ws2 8au 2012-03-02 · Terraced · Freehold	£68,500
80, North Street, Walsall, Walsall, Walsall, Ws2 8au 2001-07-20 · Terraced · Freehold	£35,000

Potential BRRR Position

Base GDV	£140,000
75% Refinance	£105,000

Using the provisional £140,000 base GDV, 75% refinance proceeds would be £105,000. The purchase price, refurbishment cost, buyer premium, admin charge and any legal-pack disbursements cannot be combined into a project cost because no guide price or works budget is supplied. BRRR feasibility is therefore unproven.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £300 pcm for a three-bedroom house on Weston Street, WS1; it is not an achieved rent and is not confirmed for this property. Annualised rent is £3,600. Because the guide price, purchase price and total costs are absent, gross yield cannot be calculated.

Flip Analysis

The £140,000 base GDV is supported by one same-street completed sale, but there is no purchase price, refurbishment allowance or supported selling-cost allowance. A flip surplus and viable bid cannot be calculated.

Investor Risks & Due Diligence

• No auction guide price or purchase price is supplied, preventing maximum-bid and yield calculations.

• The £300 pcm rental figure is an advertised asking rent for another property, not an achieved rent for 70 North Street.

• Only one recent comparable is available and its condition, size and specification are not confirmed as equivalent.

• The property is EPC rated E; the cost and scope of any improvement works are unknown.

• Buyer premium, admin charge and any legal-pack disbursements or special-condition charges may affect total cost.

• The description states viewing is recommended, but no inspection evidence or condition report is supplied.

Recommendation

Do not bid on the current evidence. Obtain the guide price, inspect condition, review the legal pack and confirm achievable local rent before considering BTL, BRRR or a flip.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low-Medium

A recent same-street completed sale supports a provisional GDV, but the guide price, property condition, occupancy, council tax, parking, legal-pack costs and achieved rent are not supplied.