83 Shipston Road, Stratford-upon-Avon, Warwickshire, CV37 7LW

Description

A Vacant Two Bedroom Mid Terrace House in Shell Condition. Offered With Planning Permission for a Two Storey Rear Extension.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: Rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of The Recreation Ground are within easy reach along with the Royal Shakespeare Theatre. Transport links are provided by Stratford-upon-Avon rail station.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £335,000 to £400,000 in 2024–2025, with this property itself recorded at £280,000 in February 2024. Condition, bedroom mix and specification of the comparables are not supplied, so GDV scenarios are indicative only. The £250,000+ guide is before works and additional fees.

Investment Snapshot

Strategy Recommendation

Do not bid without the legal pack, survey, planning review and a priced refurbishment schedule. The low evidenced rent and unknown shell-condition costs make BTL and BRRR unattractive; any flip case requires strict cost control.

Works Required

Refurbishment from shell condition is required. The permitted two-storey rear extension could be implemented, but its scope, specification and cost are not provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £250,000 guide, the known £1,800 administration charge is payable, but refurbishment and other costs are unknown. A 75% refinance against the indicative £335,000 base GDV would be £251,250; cash extraction cannot be assessed without total project cost.

Buy-to-Let Analysis

The only rental evidence is an advertised £383 pcm asking rent, producing £4,596 annually and approximately 1.84% gross yield against the £250,000 guide. Total-cost yield cannot be established because refurbishment and other completion costs are unknown. This appears weak for BTL on the supplied evidence.

Flip Analysis

Indicative resale evidence ranges from £280,000 to £400,000, with a £335,000 base scenario. Flip surplus cannot be calculated because refurbishment, acquisition and selling costs are not sufficiently evidenced.

Investor Risks & Due Diligence

• Shell condition may require substantial works, but no cost evidence is supplied.

• Planning permission is mentioned, but permission details, conditions and implementation costs are not supplied.

• Same-road comparables have no supplied bedroom, condition or specification details.

• The only rent is an advertised asking rent rather than achieved or passing rent.

• Additional search, legal, transfer and seller-cost reimbursements may apply.

• The property is vacant, so there is no passing rental income.

Recommendation

Do not bid without the legal pack, survey, planning review and a priced refurbishment schedule. The low evidenced rent and unknown shell-condition costs make BTL and BRRR unattractive; any flip case requires strict cost control.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and one advertised rent, but comparable specifications, refurbishment costs, selling costs and many property details are unavailable.