Flats 1 - 4, 32, Park Dale West, WOLVERHAMPTON, West Midlands, WV1 4TE

Description

Freehold semi-detached property arranged as 4 x self-contained flats.

Accommodation

Flats 1, 2 & 3: Two bedrooms, reception room, kitchen, bathroom/wc. Flat 4: One bedroom, reception room, kitchen, bathroom/wc.

Location

The property is located on Park Dale West which lies off Tettenhall Road (A41). A comprehensive range of shops, bars and restaurants can be found within Wolverhampton City Centre lying to the east. Public transport links are available at Wolverhampton Rail Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A41 and the A4150 located to the east. Recreational pursuits can be found at West Park lying to the east.

Tenure / Property Information

Investment Analysis

The £340,000 guide is not independently supportable from the supplied evidence. The only comparable is 12 Park Dale West, a different property, with a £445,000 sale in November 2018; the £288,700 sale in 2003 is too historic to establish current value. No current valuation, condition evidence, rental evidence or detailed costs are supplied. The four-flat configuration and freehold tenure are confirmed, but occupancy, parking and heating information remain unknown.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspection information, occupancy and tenancy details, current rents, parking/heating confirmation, EPC improvement requirements, seller fees and current valuation evidence before considering BTL, BRRR or resale.

Works Required

No specific defects or refurbishment scope are supplied. The EPC ratings—Flat 1 F, Flat 2 E, Flat 3 D and Flat 4 E—indicate that energy-efficiency improvement may require investigation, but no works allowance can be estimated without reports or quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because current GDV, refurbishment costs, rent and finance-related project costs are unsupported. The freehold four-flat arrangement is confirmed, but the available evidence does not establish refinance value or cash extraction.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparables, auctioneer rent estimate, occupancy information or passing rents are supplied. The property comprises four self-contained flats, but income and operating assumptions are unavailable.

Flip Analysis

A flip surplus cannot be calculated. The supplied £445,000 comparable is for a different property and completed in 2018, while refurbishment costs and a current resale value are unavailable. Seller fees may also be payable but are unspecified.

Investor Risks & Due Diligence

• No current, directly comparable completed sale is supplied; the available comparable is a different property and dates from 2018.

• No sufficiently specific rental evidence or passing rent is available, preventing yield analysis.

• Occupancy and tenancy status are not supplied for the four flats.

• EPC ratings include F and E, but required improvement works and costs are unknown.

• Parking and heating information are unavailable.

• The seller may charge additional completion fees, but the amount is not supplied.

• No refurbishment survey, inspection report or detailed legal-pack information is provided.

Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspection information, occupancy and tenancy details, current rents, parking/heating confirmation, EPC improvement requirements, seller fees and current valuation evidence before considering BTL, BRRR or resale.

Strategy Rating

Analysis Confidence

The property configuration, tenure, guide price, EPC ratings and two historic sales are supplied, but current GDV, rental evidence, condition, occupancy, refurbishment costs and some completion costs are unavailable.