98 Chester Road, Shire Oak, Brownhills, Walsall

Description

Auction House Birmingham are proud to present this for sale this lovely, three-bedroom detached house, offering generously proportioned living and dining spaces, off-road parking, and a beautifully maintained rear garden. With scope for modernization, this is an appealing opportunity for buyers looking to shape a home around their own tastes and requirements. The living and dining rooms offer inviting spaces for everyday relaxation, family gatherings and entertaining. The existing presentation provides plenty of inspiration, while the opportunity to update the interiors will appeal to purchasers keen to introduce their own style. Outside, the carefully tended rear garden is a particular highlight, offering an attractive setting for gardening, outdoor dining or simply enjoying time outside. Off-road parking adds further appeal. For cash purchasers prepared to investigate and address the potential flooring issue outlined below, the property offers the opportunity to take on a rewarding project and create a home for the years ahead. Important information for prospective purchasers: We have been advised that red ash may be present beneath the floors. Its presence, extent and any necessary remedial works require specialist investigation. On the information available, the property is considered unlikely to be mortgageable in its current condition and is therefore primarily suited to cash purchasers. Interested parties should obtain independent survey advice and confirm their funding position before committing to a purchase. Internal inspection is highly recommended indeed.

Accommodation

Lounge: 4.32m x 3.62m; Dining Room: 3.61m x 3.46m; Conservatory: 3.46m x 2.77m; Kitchen: 2.74m x 2.73m; Lobby; Ground Floor WC; Garage: 5.12m x 2.60m; Bedroom One: 3.36m x 3.54m; Bedroom Two: 2.85m x 3.56m; Bedroom Three: 2.40m x 2.62m.

Tenure / Property Information

Tenure	Freehold
Parking	Off-road parking
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

Indicative GDV proxy: £270,000, based solely on the latest supplied same-road comparable, 90 Chester Road, which sold for £270,000 in May 2021. The comparable is dated and no condition, size or specification adjustment is supported. The remaining comparables range from £163,000 to £325,000 but are older sales and provide limited current valuation certainty. This is not a formal valuation.

Investment Snapshot

HB Estimated GDV

£270,000

Strategy Recommendation

Proceed only after reviewing the legal pack, obtaining specialist red ash/flooring advice and confirming cash funding. Do not bid on the basis of a conventional mortgage, rental yield or assumed refurbishment margin.

Works Required

Obtain specialist investigation into the possible red ash beneath the floors before committing to works. Subject to the investigation, allow for any required flooring remediation and general interior modernisation. The supplied evidence does not support a cost allowance or confirm the extent of the issue.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

90, Chester Road, Brownhills, Walsall, Walsall, Ws8 6du 2021-05-28 · Detached · Freehold	£270,000
78, Chester Road, Brownhills, Walsall, Walsall, Ws8 6du 2015-10-22 · Detached · Freehold	£325,000
64, Chester Road, Brownhills, Walsall, Walsall, Ws8 6du 2015-04-22 · Detached · Freehold	£163,000
84, Chester Road, Brownhills, Walsall, Walsall, Ws8 6du 2011-12-19 · Detached · Freehold	£249,950
84, Chester Road, Brownhills, Walsall, Walsall, Ws8 6du 2006-04-19 · Detached · Freehold	£90,000

Potential BRRR Position

Base GDV

£270,000

A cash-led purchase may be required initially because the property is stated to be unlikely to be mortgageable in its current condition. The possible red ash requires specialist investigation before estimating refurbishment cost or confirming refinanceability. A 75% GDV refinance calculation cannot be completed reliably because the £270,000 figure is only a dated comparable-based proxy and total project cost is unknown.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, yield and BTL affordability cannot be established. The stated potential flooring issue and likely current mortgageability problem also make conventional leveraged acquisition uncertain.

Flip Analysis

A potential resale reference point is the £270,000 May 2021 sale of 90 Chester Road. However, acquisition price, remediation cost, modernisation cost, selling allowance and current market value are unavailable, so flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Possible red ash beneath the floors; presence, extent and remedial requirements are unconfirmed.

• The property is stated to be unlikely to be mortgageable in its current condition and may primarily suit cash purchasers.

• Refurbishment scope and cost are unknown because internal inspection and specialist investigation are outstanding.

• No guide price is supplied, so maximum bid and total acquisition cost cannot be calculated.

• Buyer premium, admin charge of £2,040 including VAT and any legal-pack disbursements may affect total costs.

• The principal same-road comparable is a May 2021 sale and may not represent current market value.

Recommendation

Proceed only after reviewing the legal pack, obtaining specialist red ash/flooring advice and confirming cash funding. Do not bid on the basis of a conventional mortgage, rental yield or assumed refurbishment margin.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low-Medium

The property type, tenure, accommodation, risk description, fees and several same-road sold comparables are supplied, but there is no guide price, current valuation evidence, rental evidence, condition survey, red ash remediation cost or confirmed occupancy.