10 Intended Street, Halesowen

Description

A two bedroomed end-terraced property benefitting from off-road parking and scope to further improve, adding value.

Accommodation

The property comprises of entrance hallway, two reception rooms, modern kitchen, two double bedrooms and a family bathroom. Externally there is driveway along with rear garden.

Location

The location, on the edge of Halesowen, provides excellent transport links including Cradley Heath and Old Hill train station and several nearby junctions of the M5. Plenty of shops and schools are on the doorstep including Halesowen town centre, Stourbridge town centre and the Merry Hill shopping centre.

Tenure / Property Information

Investment Analysis

Recent completed sales on Intended Street range from £170,000 to £183,000 for 2024–2025 terraced properties, averaging approximately £177,000. The subject is a two-bedroom end terrace, but the comparables do not provide bedroom count, size or condition, and the subject’s required improvement works are unquantified. A base GDV of £177,000 is therefore an indicative comparable-led estimate only, with a supported scenario range of £170,000–£183,000.

Investment Snapshot

Strategy Recommendation

Treat as a potential value-add resale opportunity only, subject to inspection, confirmation of tenure and review of the legal pack, works requirements and total acquisition costs. Do not rely on the guide price or GDV alone to set a bid.

Works Required

The description states that the property has scope to further improve and add value, but gives no specific defects, specification or costed works. A survey and legal-pack review are required before identifying or pricing works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A base GDV estimate of £177,000 implies 75% of GDV of £132,750. However, refurbishment costs, purchase price, finance costs, legal costs and other project costs are not sufficiently evidenced, so total cash required and cash left in cannot be calculated.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The 4.8% buyer fee is subject to a £6,000 minimum; at the £95,000 guide, the buyer fee would be £6,000, before any other costs or works.

Flip Analysis

The completed sales support an indicative resale range of £170,000–£183,000, with a £177,000 base. A flip surplus cannot be calculated because works, selling costs and the eventual purchase price are unknown. At the £95,000 guide, the minimum £6,000 buyer fee would apply, before other costs.

Investor Risks & Due Diligence

• Required improvement works are described only in general terms and are uncosted.

• Comparable sales do not state their bedroom count, floor area or condition, limiting GDV reliability.

• No sufficiently specific rental evidence is available, so rental yield cannot be assessed.

• Tenure, occupancy and lease information for the subject are not supplied.

• The buyer fee is a minimum £6,000 at the £95,000 guide, and additional legal-pack fees may apply.

Recommendation

Treat as a potential value-add resale opportunity only, subject to inspection, confirmation of tenure and review of the legal pack, works requirements and total acquisition costs. Do not rely on the guide price or GDV alone to set a bid.

Strategy Rating

Analysis Confidence

There are several recent same-street completed sales, but bedroom count, size and condition of the comparables are absent. Rent, tenure, occupancy, EPC, specific works, selling costs and legal-pack details are also unavailable.