98 Wood Road, Dudley

Description

A vacant freehold semi detached property standing back from the road behind a driveway and foregarden, in need of full refurbishment.

Accommodation

Ground Floor: Hall, Reception Room, Kitchen, W/C. First Floor: Landing, Two Bedrooms, Bathroom. Outside: Front Garden, Off Road Parking, Rear Garden.

Location

Close to Cotwall End Nature Reserve, Ellowes Hall Sports College, & Baggeridge Country Park.

Tenure / Property Information

Investment Analysis

The closest evidence is two same-road semi-detached freehold sales from 2020 at £155,000 and £185,000. Older same-road sales were £105,000 in 2016 and £108,000 in 2015. A provisional base GDV of £170,000 is derived from the two 2020 sales, with a £155,000–£185,000 evidence range. The sales are historic and no condition, size or specification comparison is supplied, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, a full inspection and a detailed refurbishment quotation. Treat the opportunity as potentially suitable for refurbishment-led resale or refinance, but do not bid on the headline GDV spread without verified costs and fees.

Works Required

Full refurbishment is stated as required. The supplied evidence does not define the individual works or provide a cost estimate, so no specific building, kitchen, bathroom, electrical, heating or finish items are assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £170,000 base GDV, a 75% refinance figure would be £127,500. However, refurbishment costs, total acquisition costs and any additional legal-pack charges are unknown, so cash left in and equity cannot be calculated. The strategy should not be underwritten until works are surveyed and costed.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £1,000 pcm for a two-bedroom house in Mill Bank, DY3; no achieved or property-specific rent is supplied. At the £45,000 guide, the headline gross yield is 26.67%, but this excludes the £2,700 administration charge, refurbishment, taxes, finance, insurance, maintenance and other costs. A reliable net or all-in yield cannot be established.

Flip Analysis

The historic same-road evidence supports a provisional £155,000–£185,000 GDV range, but the property requires full refurbishment and no refurbishment or selling allowance is supplied. Therefore, a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• The property is described as needing full refurbishment, but no scope or cost estimate is supplied.

• The GDV evidence is based on 2015, 2016 and 2020 sales and may not reflect October 2026 values.

• The £1,000 pcm figure is an advertised asking rent for Mill Bank rather than an achieved or property-specific rent.

• The £2,700 administration charge is payable in addition to the purchase price.

• Additional legal-pack costs, stamp duty and government taxes are not quantified.

• EPC information is unavailable because the listing refers to the legal pack.

Recommendation

Proceed only subject to legal-pack review, a full inspection and a detailed refurbishment quotation. Treat the opportunity as potentially suitable for refurbishment-led resale or refinance, but do not bid on the headline GDV spread without verified costs and fees.

Strategy Rating

Analysis Confidence

There is useful same-road sold-price evidence, but it is historic; refurbishment scope and cost, EPC, additional legal-pack charges, achieved rent and current market evidence are unavailable.