No. 49 Watlands View, Newcastle, Staffordshire, ST5 8AB

Description

Two 1 bedroom studios for sale by auction. Tenanted investment property. The property is a mid-terraced type house made up of two, 1 bedroom studio flats. Auction House have not visited or inspected the property.

Accommodation

Two 1 bedroom studio flats

Location

Within walking distance of Wolstanton Town Centre and the neighbourhood shops in Wolstanton and Porthill, and within comfortable commuting distance of Royal Stoke Hospital and Bet365.

Tenure / Property Information

Investment Analysis

The only pricing evidence is the £50,000–£75,000 auction guide. No completed sales comparables, formal valuation or sufficiently specific rental evidence has been supplied, so market value and GDV cannot be reliably estimated. The £1,800 buyer premium and £1,800 admin charge are known additional costs, with possible disbursements also noted.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Proceed only after verifying tenancy income, legal title and unit status, condition, compliance, EPC implications and all auction disbursements; then reassess against the total acquisition cost.

Works Required

No physical defects or required works are evidenced because the auctioneer has not inspected the property. Before bidding, verify the condition of both studios, EPC E implications, utilities, fire and safety compliance, and the legal/planning status of the conversion into two units.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported GDV, refurbishment budget, rent evidence or finance information. The property would require full legal, tenancy, condition and two-unit compliance due diligence before considering refinance.

Buy-to-Let Analysis

This is described as a tenanted investment, but no passing rent, tenancy terms or external rental comparables are supplied. BTL yield, affordability and cash flow therefore cannot be established. The known buyer premium and admin charge total £3,600, before any possible disbursements.

Flip Analysis

A flip appraisal cannot be supported. There is no completed-sales evidence, GDV, condition assessment, refurbishment allowance or selling-cost allowance. The guide price is not a formal market valuation.

Investor Risks & Due Diligence

• The auctioneer has not visited or inspected the property, so condition and required expenditure are unknown.

• No passing rent, tenancy terms or sufficiently specific rental comparables are supplied.

• The property comprises two studio flats within a mid-terraced type house; title, planning, building-control and compliance status for the arrangement require verification.

• EPC rating is E, but the implications and any required improvement costs are not evidenced.

• Disbursements may be payable on completion, including possible search, seller-cost, legal and transfer fees.

• The £1,800 buyer premium and £1,800 admin charge are non-refundable and payable upon exchange.

Recommendation

Do not bid on current evidence alone. Proceed only after verifying tenancy income, legal title and unit status, condition, compliance, EPC implications and all auction disbursements; then reassess against the total acquisition cost.

Strategy Rating

Analysis Confidence

The guide range and fixed buyer/admin charges are supplied, but there are no sales comparables, rent evidence, inspection findings, tenancy details, works budget or formal valuation.