9 Townsends Close, Burton Hastings, Nuneaton, Warwickshire CV11 6RQ

Description

3 bedroom mid terraced property located on the outskirts of the village, with open views to the front. Burton Hastings is located between Nuneaton (3 miles), Hinckley (4 miles) and junction 1 of the M69 /A5. An ideal family home or investment opportunity.

Accommodation

GROUND FLOOR: Hall; Lounge/diner: 13 ft 9 in max x 22 ft 7 in max; Kitchen: 11 ft x 7 ft 9 in. FIRST FLOOR: Bedroom 1: 13 ft max x 12 ft 2 in; Bedroom 2: 13 ft max x 9 ft 6 in; Bedroom 3: 8 ft 2 in max x 8 ft 5 in max; Bathroom. OUTSIDE: Garden to the front and rear.

Location

Located on the outskirts of Burton Hastings, with open views to the front. Burton Hastings is located between Nuneaton (3 miles), Hinckley (4 miles) and junction 1 of the M69 /A5.

Tenure / Property Information

Investment Analysis

The only supplied completed comparable is the same property at £171,000 in May 2017. This supports a historic evidence point, but no current comparable or formal valuation is supplied; therefore current GDV confidence is limited. Rental evidence comprises advertised asking rents of £925–£1,300 pcm, not achieved rents.

Investment Snapshot

Strategy Recommendation

Potential BTL at or near the guide, subject to inspection, legal-pack review and confirmation that achievable rent supports the target return. Avoid committing to a flip without current valuation evidence.

Works Required

No specific defects or refurbishment works are evidenced. Allow for inspection, routine redecoration or repairs only if confirmed, plus any legal-pack requirements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the historic £171,000 sale as base GDV, 75% refinancing would be approximately £128,250. Against the guide plus stated fees of £153,120, indicative cash left in is £24,870 before works, finance, tax and further legal-pack charges. No refurbishment budget is supported by the evidence.

Buy-to-Let Analysis

At the conservative advertised rent of £925 pcm, annual gross rent is £11,100. This produces approximately 7.40% gross yield on the £150,000 guide and 7.25% on the guide plus the stated £3,120 buyer and admin charges. Actual achieved rent, finance costs, maintenance, voids and other charges are unknown.

Flip Analysis

A historic £171,000 sale provides the only GDV evidence. No supported current resale evidence, refurbishment budget or selling-cost allowance is available, so a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• The only completed comparable is the same property from 2017 and may not represent current value.

• Rental figures are advertised asking rents rather than achieved rents.

• Additional legal-pack charges and disbursements may apply.

• Property condition and any refurbishment requirement are not evidenced.

• On-street parking may affect occupier and tenant demand.

Recommendation

Potential BTL at or near the guide, subject to inspection, legal-pack review and confirmation that achievable rent supports the target return. Avoid committing to a flip without current valuation evidence.

Strategy Rating

Analysis Confidence

The property details, tenure, occupancy, guide and stated fees are clear, but GDV evidence is dated, rents are asking rents only, and condition, works, legal-pack costs and current comparables are unavailable.