Summerfield House, Watling Street, Muckley Corner, Lichfield, Staffordshire

Description

Sat on approximately ¼ acre on the junction of Watling Street and Walsall Road, this detached cottage offers well planned accommodation which benefits from central heating and double glazing. Conveniently located within a short car ride of Lichfield City centre with its range of shops bars and restaurants the property also has good transport links via the M6 Toll Road. The accommodation ideally suited to a young family with plenty of outdoor space and a large double garage.

Accommodation

Ground Floor: Porch; Kitchen 4m x 2.7m cottage style with range of units; Dining Room 4.1m x 3.9m with stairs to first floor off; Lounge 6.2m x 3.7m with double doors to garden; Snug/Study 3.9m x 3.2m; Inner Hallway with door to outside. First Floor: Landing; Bedroom 1 4.3m x 3.7m with En-suite Shower; Bedroom 2 4.1m x 3.2m; Bedroom 3 3.5m x 2.2m; Bedroom 4 2.9m x 2.1m; Re Fitted Shower Room with shower cubicle, W.C and vanity unit. Outside: Double Garage 6.7m x 5m. Grounds approximately ¼ acre consisting of lawns and driveway.

Location

On the junction of Watling Street and Walsall Road, within a short car ride of Lichfield City centre. Good transport links via the M6 Toll Road. The grounds are predominantly bounded by trees on all sides, with views across farmland from many first floor windows. Vehicular access is via a driveway from the Walsall Road.

Tenure / Property Information

Tenure	Freehold
EPC	Current Rating B
Parking	Double garage and driveway
Heating	Central heating
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The only supplied completed comparable is a detached freehold property on Watling Street, Muckley Corner, sold for £365,000 in July 2019. The current guide of £370,000–£400,000 is broadly above that historic evidence, but the comparable is dated and no further sales or formal valuation evidence is supplied. A working GDV range of £370,000–£400,000 is therefore used, with £385,000 as the base estimate. Buyer premium at the £385,000 midpoint would be £4,620 including VAT, plus the £2,040 administration charge, before any disbursements or other special-condition costs.

Investment Snapshot

Guide Price	£370,000 - £400,000 (plus fees)
HB Estimated GDV	£385,000

Strategy Recommendation

Treat primarily as a potential owner-occupier purchase rather than a proven BTL, BRRR or flip. Proceed only after inspection and legal-pack review confirm the property condition, access, title and total auction costs, and only at a price justified by current valuation evidence.

Works Required

No specific refurbishment defects or works are evidenced. Allowance cannot be estimated reliably. Inspect the property, double glazing, central heating, kitchen, bathrooms, garage, grounds, access and legal pack before bidding; only routine maintenance or identified defects should be budgeted after inspection.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

6, Watling Street, Muckley Corner, Lichfield, Lichfield, Ws14 0bd 2019-07-08 · Detached · Freehold

£365,000

Potential BRRR Position

Base GDV	£385,000
75% Refinance	£288,750

At the £385,000 base GDV, 75% refinance is £288,750. Total acquisition and project cost cannot be calculated because refurbishment costs, disbursements and any finance or tax costs are unsupported. On the available figures alone, the guide range provides limited evidenced uplift over the historic £365,000 comparable, so a BRRR strategy is not underwritten.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, gross yield and investment affordability cannot be established. The property is a four-bedroom detached freehold house with substantial external space and a double garage, but these features do not support a rent figure without evidence.

Flip Analysis

A flip cannot be reliably underwritten. The base GDV is estimated at £385,000, but refurbishment costs, selling costs, finance costs and any selling allowance are not supplied. The dated £365,000 comparable and current guide range do not demonstrate a sufficient margin.

Investor Risks & Due Diligence

• The only completed comparable is dated July 2019 and may not reflect current value.

• No rental evidence is available, preventing reliable BTL yield analysis.

• Property condition and refurbishment requirements are not evidenced.

• Additional disbursements, search fees, seller costs, legal fees or transfer fees may be payable under the special conditions.

• The property is situated at the junction of Watling Street and Walsall Road; no noise, access or highway assessment is supplied.

• No council tax, occupancy or legal-pack information is provided.

Recommendation

Treat primarily as a potential owner-occupier purchase rather than a proven BTL, BRRR or flip. Proceed only after inspection and legal-pack review confirm the property condition, access, title and total auction costs, and only at a price justified by current valuation evidence.

Strategy Rating

HB Rating

★★★☆☆

Analysis Confidence

Confidence

Low-Medium

The property description, tenure, guide range, one completed comparable and buyer charges are supplied, but the comparable is from 2019 and there is no rental evidence, condition survey, refurbishment budget, formal valuation, occupancy information or complete legal-pack cost schedule.