8 Yates Avenue, Newbold, Rugby, Warwickshire, CV21 1DG

Description

Unique 3 bedroom, 3 storey mid terrace property. Leasehold with 102 years remaining. Ground floor reception room with first floor open plan kitchen/lounge area, garden to the rear. Ideal investment opportunity located in approximately 1 mile from Rugby train station.

Accommodation

Ground floor: Hallway; reception room: 9ft 7in x 9ft max; utility/W.C.: 5ft 9in x 5ft 2in. First floor: Bedroom 1 with ensuite: 11ft 7in x 9ft; Bedroom 2: 12ft 1in x 10ft 9in; bathroom; kitchen area: 9ft 6in x 9ft 2in; lounge area: 13ft 2in max x 24ft 3in max; balcony off the lounge. Second floor: Bedroom 3: 16ft 3in max x 9ft 9in min; loft area/office: 12ft 1in max x 9ft 6in min; store area/bedroom: 9ft 1in max x 6ft 7in min. Outside: Front driveway; rear garden.

Location

Approximately 1 mile from Rugby train station.

Tenure / Property Information

Investment Analysis

The £140,000 guide price cannot be independently assessed from the supplied evidence because no completed sold comparables or sufficiently specific rental evidence are provided. The property is a vacant, leasehold, three-bedroom mid-terrace with approximately 102 years remaining. Service charge and ground rent remain unknown, and additional auction costs may apply. No condition or refurbishment schedule is supplied, so no evidence-supported GDV or works allowance can be established.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. First obtain sold comparables, a rental assessment, full survey, lease/service-charge information and a complete auction-cost schedule.

Works Required

No specific works are evidenced by the supplied description. Obtain a full survey and verify the condition of the accommodation, balcony, garden, driveway, gas heating and EPC E status before budgeting. Confirm service charge, ground rent and lease administration details.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable without a defensible GDV, refurbishment budget or rent estimate. The known guide price plus stated buyer premium and admin charge is £143,120 before any other charges, finance, taxes or works. Refinance proceeds cannot be calculated without a GDV.

Buy-to-Let Analysis

BTL viability cannot be quantified because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, and the unknown service charge, ground rent and other auction costs could reduce net returns. Gross yield and maximum bid cannot therefore be established.

Flip Analysis

A flip surplus cannot be calculated because no completed sold comparables, GDV or refurbishment allowance is supplied. The property’s leasehold status, unknown lease costs, EPC E rating and possible additional auction charges require verification before considering resale.

Investor Risks & Due Diligence

• No completed sold comparables are supplied, so market value and GDV are unverified.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• Service charge and ground rent are unknown.

• Additional charges may include searches, seller-cost reimbursement, legal fees and transfer fees.

• The property is leasehold with approximately 102 years remaining.

• EPC rating is E and no condition or improvement-cost evidence is supplied.

• Vacant possession means there is no evidenced passing rent.

Recommendation

Do not bid on the current evidence alone. First obtain sold comparables, a rental assessment, full survey, lease/service-charge information and a complete auction-cost schedule.

Strategy Rating

Analysis Confidence

The evidence confirms the basic property, tenure, vacancy, guide price and stated auction charges, but provides no sold comparables, specific rent, condition report, works budget, GDV or lease-cost details.