1 Margaret Street, West Bromwich, B70 8LE

Description

A vacant freehold end terraced property. An end terraced property standing back from the road behind a foregarden. The property benefits from having gas central heating and double glazing however is in need of certain improvement works throughout.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Lobby, Bathroom/WC. First Floor: Landing, Two Bedrooms. Outside: Gardens.

Location

Standing back from the road behind a foregarden.

Tenure / Property Information

Investment Analysis

The two most recent same-street sales were £145,000 in March 2026 and £147,000 in July 2023. These provide a limited indicative completed-sale range of £145,000–£147,000, although the comparable properties' condition and specification are not supplied. The £95,000 guide is materially below this evidence, but the property requires unspecified improvement works and the guide is not a valuation.

Investment Snapshot

Strategy Recommendation

Investigate as a potential BTL purchase, subject to confirming the improvement scope, total costs, achievable rent and legal-pack terms. Do not bid on the apparent GDV spread alone.

Works Required

Improvement works throughout, as identified by the auction description. The scope, specification and cost cannot be quantified from the supplied evidence; survey and legal-pack review are required.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the £146,000 base GDV would be approximately £109,500. However, the refurbishment cost, total project cost and any finance or other completion costs are unavailable, so cash left in and the viability of a BRRR exit cannot be established.

Buy-to-Let Analysis

At the £95,000 guide, the advertised asking-rent range of £900–£995 pcm implies an indicative gross yield of 11.37%–12.57% before works, finance, voids, management, maintenance, tax and acquisition costs. The rent evidence is asking rent only, not achieved rent. BTL may be attractive if the improvement requirement is modest and the rent is achievable.

Flip Analysis

The recent same-street sales support an indicative base GDV of £146,000, but no refurbishment budget or selling-cost allowance is supplied. A reliable flip surplus and margin therefore cannot be calculated. The apparent guide-to-GDV spread should not be treated as profit.

Investor Risks & Due Diligence

• The property requires improvement works throughout, but no scope or cost allowance is provided.

• Rental figures are advertised asking rents rather than achieved or passing rents.

• The comparable sales are limited and the properties' condition and specification are not supplied.

• Additional costs may be listed in the special conditions, while stamp duty and government taxes are excluded from the stated administration charge.

• The £2,700 administration charge is payable at the fall of the gavel or end of the online auction.

Recommendation

Investigate as a potential BTL purchase, subject to confirming the improvement scope, total costs, achievable rent and legal-pack terms. Do not bid on the apparent GDV spread alone.

Strategy Rating

Analysis Confidence

Recent same-street completed sales and local asking-rent evidence are available, but the condition, refurbishment costs, achieved rent, comparable specifications and additional legal-pack costs are not supplied.