87, Aston Road, Nuneaton, Warwickshire, CV11 5EJ

Description

Long leasehold self-contained flat requiring modernisation. By order of the LPA Receivers.

Accommodation

One bedroom, reception room, kitchen, bathroom, separate WC

Location

The property is situated on Aston Road, a mixed residential and commercial street located close to Nuneaton town centre. Public transport links include Nuneaton Mainline Railway Station and local bus services. Road links include the A444 and M6 motorway network. Shopping amenities are available locally within Nuneaton Town Centre, with shops, bars and restaurants in Nuneaton. Recreational pursuits include Riversley Park.

Tenure / Property Information

Investment Analysis

No HM Land Registry completed sales, formal valuation or supported GDV evidence has been supplied. The £45,000 guide is an auction guide only and cannot be treated as market value. The flat requires modernisation, while service charge, ground rent, parking and heating information remain unconfirmed.

Investment Snapshot

Strategy Recommendation

Proceed only after inspecting the flat and confirming refurbishment scope, lease charges, heating, parking and all special-condition fees. Do not set a bid limit from the supplied evidence alone.

Works Required

Modernisation of the one-bedroom flat as described. The specific works, condition, specification and cost require inspection and further documentation.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because GDV, refurbishment cost, service-charge and ground-rent information are unavailable. The long lease is positive in duration, but refinance proceeds cannot be calculated without supported GDV evidence.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £700 pcm, not an achieved rent. At the £45,000 guide this indicates a gross yield of approximately 18.7% before modernisation, finance, service charge, ground rent, management, voids and other costs. A net return cannot be established.

Flip Analysis

A flip appraisal cannot be completed because there are no completed comparable sales, supported GDV, refurbishment costs or selling-cost allowance. The guide price alone is insufficient to establish a resale surplus.

Investor Risks & Due Diligence

• Modernisation scope and cost are unknown.

• Annual service charge and ground rent are unconfirmed.

• The seller may charge additional completion fees under the special conditions.

• Parking and heating arrangements are unconfirmed.

• The £700 pcm figure is an advertised asking rent rather than achieved rent.

• No completed comparable sales or supported GDV evidence has been supplied.

Recommendation

Proceed only after inspecting the flat and confirming refurbishment scope, lease charges, heating, parking and all special-condition fees. Do not set a bid limit from the supplied evidence alone.

Strategy Rating

Analysis Confidence

Only an auction guide, one advertised asking rent and basic property particulars are supplied. There are no completed comparables, GDV, refurbishment budget or confirmed lease and completion costs.