102 Edenhurst Road, Longbridge, Birmingham

Description

A vacant leasehold mid terraced property. A mid terraced property, standing back from the road behind a driveway and foregarden. The property benefits from having a gas fired central heating system and double glazing, however it is in need of refurbishment.

Accommodation

Ground Floor: Hall, Two Reception Rooms, Kitchen, Pantry. First Floor: Landing, Three Bedrooms, Bathroom/WC. Outside: Driveway and Gardens.

Location

Longbridge, Birmingham

Tenure / Property Information

Investment Analysis

The same property sold for £80,000 on 6 August 2025, providing the most directly relevant evidence. Nearby terraced sales range from £110,000-£113,000 in 2012 to £195,000 in January 2026. The wide spread, unknown condition of the comparables and the subject's approximately nine-year lease make a reliable refurbished GDV difficult to establish. A conservative base GDV of £80,000 is used, with £195,000 treated only as an unsupported upside scenario from a nearby sale.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Proceed only after specialist legal review of the approximately nine-year lease, confirmation of all special-condition costs and a full refurbishment quotation; the short lease makes BTL, BRRR and flipping highly speculative.

Works Required

Refurbishment is required, but the evidence does not quantify the scope. Inspect and cost the kitchen, bathroom, decorative finishes and all services before bidding; retain or repair the existing gas central heating and double glazing only where appropriate following inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £80,000 base GDV, 75% theoretical refinance proceeds are £60,000. However, the property requires unquantified refurbishment and has approximately nine years unexpired on the lease, so refinanceability and valuation are highly uncertain. Total project cost and cash left in cannot be calculated without a surveyed works budget and confirmed legal-pack costs.

Buy-to-Let Analysis

The supplied asking-rent evidence is £1,250-£1,700 pcm, implying an indicative gross yield of approximately 166.7%-226.7% against the £9,000 guide only. These are advertised rents rather than achieved rents, are not specific to this property and exclude refurbishment, purchase costs, finance, tax and management. The approximately nine-year lease is a major obstacle to treating this as a conventional BTL investment. A reliable net yield cannot be established.

Flip Analysis

A flip assessment cannot be reliably completed because refurbishment costs, acquisition costs beyond the £2,700 administration charge and selling costs are not supplied. The £80,000 same-property sale is the strongest evidence and leaves little apparent headroom from a £9,000 guide once works, fees and the lease position are considered. The £195,000 nearby sale is not sufficient evidence of achievable resale value for this property.

Investor Risks & Due Diligence

• Approximately nine years remain on the lease, creating significant legal, valuation and resale uncertainty.

• The property is stated to need refurbishment, but no quantified works budget is supplied.

• The £2,700 buyer administration charge is payable on the fall of the gavel, with additional special-condition costs possible.

• The rent evidence consists of advertised asking rents rather than achieved rents and is not specific to the property.

• Comparable sales range widely from £80,000 for the same property in 2025 to £195,000 for a nearby terraced property in 2026.

• Stamp duty and government taxes are excluded from the stated special-condition costs.

Recommendation

Do not bid on the current evidence. Proceed only after specialist legal review of the approximately nine-year lease, confirmation of all special-condition costs and a full refurbishment quotation; the short lease makes BTL, BRRR and flipping highly speculative.

Strategy Rating

Analysis Confidence

The exact-property sale and auction terms are available, but refurbishment costs, special-condition costs, achieved rent, selling costs and a reliable current comparable set are not. The very short remaining lease materially increases uncertainty.