76 Walsall Street, Coventry, West Midlands

Description

By Order of the Asset Managers. Freehold mid terrace house.

Accommodation

First floor: Three bedrooms, shower room/wc. Ground floor: Reception rooms, kitchen, conservatory. Outside: Garden.

Location

The property is located on Walsall Street. A comprehensive range of shops, bars and restaurants can be found within Coventry City Centre lying to the north east. Public transport links are available at Canley Train Station located to the east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A452 lying to the west and the A45 located to the east. Recreational pursuits can be found at Canley Ford lying to the east.

Tenure / Property Information

Investment Analysis

No completed-sale comparables or formal valuation evidence were supplied, so GDV, market value and a supported maximum bid cannot be established. The £123,000 guide is the only purchase benchmark. The sole rental evidence is an advertised £550 pcm asking rent for a 3-bedroom house on Heathcote Street, CV6, rather than achieved rent for this property; it is therefore indicative only.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, confirmation of parking/heating, review of Special Conditions and independent valuation/rental evidence. On the supplied evidence alone, do not rely on the guide price for a flip or BRRR bid.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a viewing, survey and confirmation of heating and parking arrangements before budgeting for works. The property is described as having three bedrooms, a shower room/WC, reception rooms, kitchen, conservatory and garden.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no supported GDV, refurbishment budget or refinance valuation is available. The known £1,800 contract documentation fee would be payable in addition to the purchase price, while further seller fees may apply under the Special Conditions of Sale.

Buy-to-Let Analysis

Using the supplied £550 pcm advertised asking rent as an indicative figure gives annual rent of £6,600 and a gross yield of approximately 5.37% against the £123,000 guide. This is not an achieved rent, is from a different stated street, and excludes finance, management, maintenance, voids, insurance and transaction costs. A net BTL return cannot be established.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale comparables, GDV or refurbishment allowance were supplied. Any resale analysis would also need to account for the known £1,800 documentation fee, possible additional seller fees and unidentified works.

Investor Risks & Due Diligence

• No completed-sale comparables or supported GDV are available.

• Condition and any required works are not evidenced.

• Parking and heating details require confirmation.

• The £550 pcm figure is an advertised asking rent from a different stated street and is not an achieved rent.

• The £1,800 documentation fee is known; additional seller fees may apply under the Special Conditions of Sale.

• Full investment returns cannot be calculated without works, finance, operating-cost and transaction-cost information.

Recommendation

Proceed only after inspection, confirmation of parking/heating, review of Special Conditions and independent valuation/rental evidence. On the supplied evidence alone, do not rely on the guide price for a flip or BRRR bid.

Strategy Rating

Analysis Confidence

The property description, tenure, guide price, EPC, council tax and one indicative rental listing are supplied, but there are no completed comparables, condition assessment, refurbishment costs, GDV, achieved rent or full fee schedule.