75 Mill Crescent, Southam, Warwickshire

Description

Well presented 2 bedroom first floor maisonette plus driveway and garage. Ideal investment opportunity.

Accommodation

GROUND FLOOR: Stairs leading to: Hallway; Lounge: 17 ft 3 in x 10 ft 7 in; Kitchen: 9 ft 9 in x 8 ft 8 in; Bathroom; Bedroom 1: 13 ft 9 in x 9 ft; Bedroom 2: 10 ft 8 in x 8 ft 5 in max. OUTSIDE: Front: Driveway and garage.

Location

Located less than 1 mile to Southam town centre.

Tenure / Property Information

Investment Analysis

Comparable evidence supports a broad value range of £168,000–£185,000: £168,000 for nearby 65 Mill Crescent in June 2026 and £185,000 for this property in September 2023. Base GDV adopted at £176,500. The auction guide midpoint of £140,000 is before the stated £2,880 buyer and admin charges.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack and condition checks. The guide appears below the supported comparable range, but missing rental evidence and unknown additional costs make BTL/BRRR underwriting incomplete; avoid bidding at the top of the guide without confirmed costs.

Works Required

No refurbishment works are evidenced; the property is described as well presented. Verify condition, lease documentation, ground rent and legal-pack disbursements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £140,000 guide midpoint, no identified works allowance and £2,880 stated buyer/admin charges, base cost is £142,880. A 75% refinance of the £176,500 base GDV is £132,375, leaving an indicative £10,505 cash requirement before finance, tax, legal and other disbursements. Refinance viability also depends on rent and lender valuation.

Buy-to-Let Analysis

BTL assessment cannot establish rent or yield because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Vacant possession and parking are positive features, but achievable rent remains unverified.

Flip Analysis

The base GDV indicates a gross spread of £33,620 over the guide midpoint plus stated buyer/admin charges, before selling costs, finance, tax, legal-pack disbursements and any unreported works. A formal flip surplus cannot be established without a supported selling-cost allowance.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence, so rental income and yield cannot be validated.

• Ground rent information is outstanding.

• Additional search, seller, legal and transfer charges may become payable.

• Actual condition may differ from the brief 'well presented' description.

• Leasehold title and legal-pack terms require verification despite the stated long lease.

• Refinance value and lender terms are not guaranteed.

Recommendation

Proceed only subject to legal-pack and condition checks. The guide appears below the supported comparable range, but missing rental evidence and unknown additional costs make BTL/BRRR underwriting incomplete; avoid bidding at the top of the guide without confirmed costs.

Strategy Rating

Analysis Confidence

Useful sold comparable evidence and stated auction costs are available, but rent, ground rent, legal-pack disbursements, condition detail and selling costs are incomplete.