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

Description

Long leasehold self-contained flat requiring modernisation. Full vacant possession.

Accommodation

Unit: 87A first floor. Accommodation: Refer to Auctioneers.

Location

The property is 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 in Nuneaton Town Centre, with shops, bars and restaurants. Recreational pursuits are available at Riversley Park.

Tenure / Property Information

Investment Analysis

The £45,000 guide is not independently supportable as a market value from the supplied evidence. No completed sales, floor area, bedroom count or detailed accommodation schedule is provided. The flat is vacant, leasehold and described as requiring modernisation. The 999-year lease is long, but annual service charge, ground rent, seller fees and the refurbishment scope remain unconfirmed. The £1,800 inclusive-of-VAT contract documentation fee is the only quantified additional buyer cost.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the full accommodation schedule, inspection-based refurbishment quotation, leasehold charges, special conditions and relevant completed comparables before considering a BTL, BRRR or resale strategy.

Works Required

Modernisation is required, but the supplied evidence does not identify the individual works or their costs. The EPC is rated G, so energy-performance improvements may require consideration, subject to inspection and a full EPC review.

Rental & Market Context

Potential BRRR Position

BRRR analysis cannot be quantified because there is no supported GDV, refurbishment allowance or reliable subject-specific rent. The long lease is favourable in duration, but the vacant condition, EPC G rating and unconfirmed leasehold charges require investigation before considering refinance.

Buy-to-Let Analysis

A BTL yield cannot be established reliably. The only rental evidence is an advertised £1,350 pcm asking rent for a two-bedroom CV11 property, while the subject's bedroom count is not supplied. Service charge, ground rent, refurbishment cost and any ongoing management or compliance costs are also unknown.

Flip Analysis

A flip appraisal cannot be supported because no completed sales, floor area, accommodation detail, GDV or refurbishment cost is supplied. The known £1,800 documentation fee would need to be included alongside the purchase price, works and any applicable seller charges, but the overall project cost remains unquantified.

Investor Risks & Due Diligence

• Bedroom count, floor area and detailed accommodation are not supplied.

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

• EPC rating G may indicate potentially significant energy-performance improvement requirements, with no costed scope supplied.

• Annual service charge and ground rent are unconfirmed.

• Additional seller fees may be payable under the Special Conditions of Sale.

• The available rental evidence relates to an advertised two-bedroom property and cannot be reliably applied because the subject bedroom count is not stated.

Recommendation

Do not bid on the current evidence alone. Obtain the full accommodation schedule, inspection-based refurbishment quotation, leasehold charges, special conditions and relevant completed comparables before considering a BTL, BRRR or resale strategy.

Strategy Rating

Analysis Confidence

The guide price, lease length, vacancy, EPC rating and documentation fee are supplied, but there are no sold comparables, bedroom count, floor area, detailed accommodation, refurbishment costs, confirmed rent or leasehold charge details.