14 Shirley Road, Oldbury, Birmingham

Description

A vacant freehold mid terraced property. A mid terraced property, standing back from the road behind a foregarden. The property benefits from having double glazing, however it is in need of modernisation.

Accommodation

Ground Floor: Porch, Two Reception Rooms, Understairs Cupboard, Kitchen, Rear Lobby, Shower Room/WC. First Floor: Landing, Three Bedrooms. Outside: Gardens.

Location

Oldbury, Birmingham

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-road freehold terraced sale at £125,000 in December 2025, with an older same-road sale at £169,000 in July 2024. Other same-road sales range from £92,000 to £125,000. Allowing for the subject's stated need for modernisation, an estimated post-works GDV range of £125,000–£169,000 is used, with a £145,000 base case. This remains indicative because the comparable properties' condition, size and specification are not supplied.

Investment Snapshot

Strategy Recommendation

Potential value-add/BRRR or flip opportunity only if the legal pack, inspection and final auction price support the assumptions. Do not rely on the headline BTL yield until the rent evidence is independently verified.

Works Required

Modernisation of the vacant house, including review and updating of the kitchen, shower room/WC, finishes and general internal presentation. The supplied evidence does not identify specific defects, so structural, services and external works cannot be assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £39,000 guide, £25,000 base works allowance and £2,700 administration charge gives a base project cost of £66,700. At a £145,000 base GDV, 75% refinancing equates to £108,750, theoretically exceeding the analysed cost by £42,050 before finance, tax, valuation, lender and other completion costs. Actual auction purchase price, works and lender valuation remain uncertain.

Buy-to-Let Analysis

The rental evidence is highly inconsistent, ranging from £300 to £1,250 pcm, and all figures are advertised asking rents rather than achieved rents. A reliable BTL rent and yield therefore cannot be established. At the £39,000 guide, the mechanical yield range would be approximately 9.23%–38.46%, but this range is not decision-grade because of the conflicting evidence. The £2,700 administration charge and refurbishment allowance are included in the base cost analysis.

Flip Analysis

The comparable evidence supports a provisional £125,000–£169,000 resale-value range, with a £145,000 base GDV. Against the guide, base works allowance and known administration charge, the base cost is £66,700. A formal flip surplus cannot be calculated because no supported selling-cost allowance, final purchase price or verified scope of works is provided.

Investor Risks & Due Diligence

• The property is stated to need modernisation, but no detailed survey or schedule of works is supplied.

• Rental evidence is materially inconsistent at £300–£1,250 pcm and consists only of advertised asking rents.

• The guide is not the confirmed purchase price; bidding above the guide could materially reduce the projected margin.

• Additional costs may be listed in the legal pack and are not quantified.

• EPC is rated E, with no supplied evidence of the works required to address energy performance.

• The comparable sales range from £92,000 to £169,000 and their condition, size and specification are not provided.

Recommendation

Potential value-add/BRRR or flip opportunity only if the legal pack, inspection and final auction price support the assumptions. Do not rely on the headline BTL yield until the rent evidence is independently verified.

Strategy Rating

Analysis Confidence

Same-road completed sales and a stated modernisation requirement are available, but comparable condition and size details, confirmed rent, detailed works scope, selling costs, special-condition costs and final purchase price are unavailable.