87 Aston Road, Nuneaton, Warwickshire

Description

Long leasehold self-contained flat requiring modernisation. The property is being sold as two separate flats. Lot 138 is 87 Aston Road, Nuneaton, Warwickshire, CV11 5EJ and Lot 138A is 87A Aston Road, Nuneaton, Warwickshire, CV11 5EJ.

Accommodation

Unit: 87 ground floor. One bedroom, reception room, kitchen, bathroom and separate WC.

Location

Situated on Aston Road, a mixed residential and commercial street 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 in Nuneaton town centre, with shops, bars and restaurants. Riversley Park provides nearby open space.

Tenure / Property Information

Investment Analysis

The £45,000 guide is the only supplied price evidence. No completed-sale comparables, GDV evidence, rental evidence or quantified refurbishment budget has been provided, so market value and investment returns cannot be reliably estimated. The flat is vacant, leasehold and requires modernisation. The £1,800 inclusive buyer administration charge is known, while service charge, ground rent, review terms and any seller charges remain unconfirmed.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the flat, confirming the service charge and ground rent, and identifying all seller charges. Do not set a bid limit from the supplied evidence alone.

Works Required

Modernisation is required, but the evidence does not specify the scope. Obtain a full inspection and quotations before allowing for works; do not assume particular defects or renovation items.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is unsupported because there is no GDV, rent, refurbishment budget or refinance valuation evidence. The long lease has stated 980 years remaining, but service charge and ground rent details require confirmation.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The vacant possession and Council Tax Band A are noted, but service charge, ground rent and full acquisition costs are unknown.

Flip Analysis

A flip appraisal cannot be completed without comparable sales or a supported GDV, a quantified modernisation budget and confirmed selling or seller-related charges. The £45,000 guide plus the known £1,800 buyer administration charge is not a complete project cost.

Investor Risks & Due Diligence

• The flat requires modernisation, but the scope and cost of works are unknown.

• Annual service charge, annual ground rent and ground rent review terms are not supplied.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• No sufficiently specific rental evidence is available to support a yield calculation.

• The property is being sold as two separate flats/lots, so the legal and practical implications should be verified in the auction documentation.

• EPC rating is E.

Recommendation

Proceed only after reviewing the legal pack, inspecting the flat, confirming the service charge and ground rent, and identifying all seller charges. Do not set a bid limit from the supplied evidence alone.

Strategy Rating

Analysis Confidence

The guide price, tenure, lease length, vacancy, accommodation and buyer administration charge are supplied, but there are no comparables, rent evidence, works budget, GDV, service-charge details or complete fee schedule.