8 West Street, Stourbridge, DY8 1XN

Description

A mid terraced property, standing flush to the pavement. The property is conveniently located within walking distance to Stourbridge Town Centre. The property benefits from gas fired central heating and double glazing.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Utility Area, Cellar Access. First Floor: Landing, Two Bedrooms, Bathroom/WC. Outside: Rear Garden.

Location

Conveniently located within walking distance to Stourbridge Town Centre.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £210,000 to £325,000. The £210,000–£260,000 sales provide the most relevant evidenced range, but bedroom count, floor area and condition are not supplied, limiting comparability. A base GDV of £221,000 is used as an indicative scenario only, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR candidate based on the guide-price rent indication, but proceed only after confirming condition, achieved rent potential, auction costs and legal-pack matters. Do not set a maximum bid without a supported works budget.

Works Required

No specific defects or required works are evidenced. A full inspection and legal-pack review are required before budgeting; only works identified by those checks should be allowed for.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £221,000 base GDV, 75% refinancing equates to £165,750. The project’s total cost and cash left in cannot be established because refurbishment costs, purchase price outcome and other completion costs are not evidenced. Viability therefore depends on inspection, auction price and legal-pack costs.

Buy-to-Let Analysis

The supplied advertised asking rent is £995 pcm, equivalent to £11,940 annually. Against the £110,000 guide, the indicative gross yield is 10.85%. This is based on an asking rent rather than achieved rent and excludes refurbishment, finance, tax, voids, management, maintenance and the £2,700 administration charge.

Flip Analysis

The evidenced same-street sales suggest a broad £210,000–£260,000 scenario range, with £221,000 used as base GDV. A flip surplus cannot be calculated because refurbishment costs, resale costs and the final purchase price are unavailable.

Investor Risks & Due Diligence

• Advertised rent of £995 pcm is not an achieved passing rent.

• Comparable sales lack supplied floor area, bedroom count and condition details, limiting valuation confidence.

• No property condition or refurbishment budget is evidenced.

• The final auction price may exceed the £110,000 guide.

• Additional legal-pack costs, taxes and completion costs are not supplied.

• Gross yield calculations exclude finance, voids, management, maintenance, tax and acquisition costs.

Recommendation

Potential BTL or BRRR candidate based on the guide-price rent indication, but proceed only after confirming condition, achieved rent potential, auction costs and legal-pack matters. Do not set a maximum bid without a supported works budget.

Strategy Rating

Analysis Confidence

The property tenure, vacancy, accommodation, guide, administration fee, rent asking evidence and several same-street completed sales are supplied. However, floor area, condition, bedroom details for comparables, refurbishment costs, final purchase price and other completion costs are unavailable.