Watlands View 49, Newcastle, Staffordshire

Description

Two 1 bedroom flats 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

No completed-sale comparables, sufficiently specific rental evidence or auctioneer rent estimate has been supplied. A supported GDV or market-value range cannot therefore be established. The £40,000 guide is not a valuation. The property comprises two tenanted one-bedroom studio flats, but the auctioneer has not inspected it.

Investment Snapshot

Strategy Recommendation

Do not bid on yield or refinance assumptions. Proceed only after reviewing the legal pack, tenancy evidence and an inspection confirms the two-flat configuration and condition.

Works Required

No specific defects or works are evidenced. Require inspection and legal-pack review, including confirmation of the condition of both flats and any works required. EPC rating is E and should be reviewed as part of the assessment.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because rent, refurbishment costs and GDV are unsupported. Refinance proceeds and retained equity are therefore unknown. Tenancy documentation, condition, legal status of the two flats and the legal pack require verification.

Buy-to-Let Analysis

The property is described as tenanted, but no passing rent or reliable rental estimate is supplied. BTL income, yield, affordability and cash flow cannot be calculated. The guide plus stated buyer premium and admin charge totals £43,600 before any disbursements or other legal-pack costs.

Flip Analysis

A flip appraisal cannot be supported without completed-sale evidence, inspection information, refurbishment costs and a resale GDV. Any additional disbursements, seller-cost reimbursement, legal fees or transfer fees may also increase the project cost.

Investor Risks & Due Diligence

• The auctioneer has not visited or inspected the property.

• No passing rent or sufficiently specific rental evidence is available.

• No completed-sale comparables or supported GDV are available.

• EPC rating is E.

• The legal pack may contain disbursements and additional costs, including search fees, seller-cost reimbursement, legal fees and transfer fees.

• Tenancy, condition and the details of the two studio flats have not been supplied.

Recommendation

Do not bid on yield or refinance assumptions. Proceed only after reviewing the legal pack, tenancy evidence and an inspection confirms the two-flat configuration and condition.

Strategy Rating

Analysis Confidence

Core valuation inputs are missing: no comparable sales, no rental evidence, no auctioneer rent estimate and no inspection. Tenancy and legal-pack details are also not supplied.