78 Eagle Street, Coventry, West Midlands

Description

Traditionally styled mid terrace property situated in a popular residential area offering an ideal investment opportunity. With gas central heating (not tested) and double glazing the accommodation is conveniently located for all amenities.

Accommodation

Front Living Room: 3.4m x 3.3m. Inner Hallway with access to Bathroom with white suite room: 3.3m x 2.1m with stairs off. Kitchen: 3.4m x 1.8m. Landing leads to Bedroom One (front): 3.4m x 3.3m. Bedroom Two (rear): 3.4m x 3.6m max. Enclosed Rear Garden.

Location

Situated in a popular residential area and conveniently located for all amenities.

Tenure / Property Information

Tenure	Freehold
EPC	Current Rating C
Heating	Gas central heating (not tested)
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

Completed sales on the same street range from £80,000 for 64 Eagle Street in August 2024 to £165,000 for 84 Eagle Street in February 2023. The wide spread prevents a reliable single market value. A £120,000 base GDV is used only as a midpoint scenario between the supplied evidence, not as a formal valuation. The £85,000–£95,000 guide appears potentially below the base scenario, but condition and exact comparability are not evidenced.

Investment Snapshot

Guide Price	£85,000 - £95,000 (plus fees)
HB Estimated GDV	£120,000
Estimated Monthly Rent	£399 pcm
Estimated Annual Rent	£4,788 pa
Gross Yield on Guide	5.3%

Strategy Recommendation

Proceed only subject to legal-pack, condition and valuation checks. The property may suit a cautious BTL or value-led purchase if acquired near the lower guide, but the conflicting comparables and unknown works make BRRR or flipping speculative.

Works Required

No specific repair or refurbishment works are evidenced. Verify the condition of the gas central heating, kitchen, bathroom, roof, windows, services and general fabric before bidding. Any works allowance remains unsupported.

Rental & Market Context

HB Estimated Market Rent

£399 pcm

2 Bedroom houses to rent in Stevenson Road, CV6, West Midlands — 2 bed — — Advertised asking rent

£399 pcm

Sold Comparables

The following completed sales were identified within approximately 5 miles:

64, Eagle Street, Coventry, Coventry, Cv1 4gw 2024-08-16 · Terraced · Freehold	£80,000
84, Eagle Street, Coventry, Coventry, Cv1 4gw 2023-02-07 · Terraced · Freehold	£165,000
84, Eagle Street, Coventry, Coventry, Cv1 4gw 2009-05-23 · Terraced · Freehold	£115,000
64, Eagle Street, Coventry, Coventry, Cv1 4gw 2006-12-01 · Terraced · Freehold	£80,000
84, Eagle Street, Coventry, Coventry, Cv1 4gw 2002-08-16 · Terraced · Freehold	£32,500

Potential BRRR Position

Base GDV	£120,000
75% Refinance	£90,000

At a £120,000 base GDV, 75% refinancing would be £90,000. This is broadly equal to the midpoint guide price before the 2% plus VAT buyer premium, £2,040 administration charge, disbursements and any works. The BRRR outcome is therefore uncertain and may require additional cash.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £399 pcm for a two-bedroom house in CV6; no achieved rent or auctioneer estimate is supplied. At the midpoint guide price of £90,000, this equates to approximately 5.32% gross yield before finance, management, maintenance, voids, insurance and other costs. Net yield and affordability cannot be established.

Flip Analysis

The supplied same-street sales support a broad £80,000–£165,000 value range, but the evidence is inconsistent and no refurbishment budget, selling costs or condition assessment is available. A dependable resale surplus cannot be calculated.

Investor Risks & Due Diligence

• Same-street sold evidence ranges from £80,000 to £165,000, creating substantial valuation uncertainty.

• Gas central heating is expressly stated as not tested.

• Property condition and any required refurbishment costs are not evidenced.

• The £399 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Buyer premium, administration charge and potentially payable disbursements increase acquisition cost.

• Legal-pack charges, searches, seller-cost reimbursements, legal fees and transfer fees may become payable.

Recommendation

Proceed only subject to legal-pack, condition and valuation checks. The property may suit a cautious BTL or value-led purchase if acquired near the lower guide, but the conflicting comparables and unknown works make BRRR or flipping speculative.

Strategy Rating

HB Rating

★★★☆☆

Analysis Confidence

Confidence

Low-Medium

There are same-street completed sales and one rental asking figure, but the sales range is unusually wide, condition is not described, rent is not achieved evidence, and disbursements and refurbishment costs are unknown.