8 Kingham Close, Dudley

Description

A vacant freehold link detached property, standing back from the road behind a block paved driveway with car port and side garage. The property benefits from double glazing and gas fired central heating.

Accommodation

Ground Floor: Hall with WC off, Kitchen, Reception Room. First Floor: Landing, Three bedrooms, Bathroom/WC. Outside: Garden, Driveway, Car Port and Side Garage.

Location

Standing back from the road behind a block paved driveway with car port and side garage.

Tenure / Property Information

Investment Analysis

The available sold evidence shows Kingham Close sales from £150,000 to £179,950, but all are described as detached rather than link detached and are from different dates. A cautious base GDV of £150,000 uses the most recent supplied comparable; £179,950 is treated as an upper evidence point rather than a direct valuation. No condition-based refurbishment cost can be supported from the supplied information.

Investment Snapshot

Strategy Recommendation

Potentially suitable for BTL or BRRR at a disciplined purchase price, subject to inspection, legal-pack review, achieved-rent validation and confirmation of the link-detached market value. Do not rely on the headline GDV spread without further due diligence.

Works Required

No specific defects or works are stated. Inspect the property, EPC-related requirements, heating, windows, kitchen, bathroom, roof, garage, services and external areas before bidding; no refurbishment allowance is included without evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the cautious £150,000 base GDV, 75% of GDV is £112,500. However, total project cost cannot be calculated because the refurbishment requirement, purchase price above guide, taxes and other completion costs are unknown. Refinance feasibility and cash left in therefore cannot be established.

Buy-to-Let Analysis

At the £59,000 guide, the supplied asking-rent evidence implies £675–£1,150 pcm, equivalent to approximately 13.73%–23.39% gross yield before costs. Using the lower £675 pcm asking rent gives £8,100 annual rent. These are advertised asking rents, not achieved or passing rents, and the broad range requires local letting-agent validation. The £2,700 administration charge and any other costs would reduce the true yield.

Flip Analysis

The evidence suggests a potential value spread from the £59,000 guide to the supplied £150,000–£179,950 comparable range, but the comparables are detached properties rather than the subject link detached property. A flip surplus cannot be calculated because the eventual purchase price, works, selling costs and other project costs are unsupported.

Investor Risks & Due Diligence

• The supplied sold comparables are described as detached rather than link detached, limiting GDV reliability.

• The rental evidence consists of advertised asking rents and ranges from £675 to £1,150 pcm; no achieved or passing rent is provided.

• The property has an EPC rating of E, but the required improvement works and cost are unknown.

• The final purchase price may exceed the £59,000 guide.

• A £2,700 administration charge is payable, while other special-condition costs are unknown.

• Condition, legal-pack requirements and any additional completion costs have not been supplied.

• The property is vacant, so there is no existing rental income or tenancy evidence.

Recommendation

Potentially suitable for BTL or BRRR at a disciplined purchase price, subject to inspection, legal-pack review, achieved-rent validation and confirmation of the link-detached market value. Do not rely on the headline GDV spread without further due diligence.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, guide, administration charge, sold evidence and asking rents are supplied, but there is no condition report, no direct link-detached comparable, no achieved rental evidence, no refurbishment budget, no final purchase price and no complete fee schedule.