158 Ardath Road, Kings Norton, Birmingham

Description

For sale by Livestream Auction, this 3 bedroom Terraced House is in need of improvement. Situated on Ardath Road, the property presents itself as an opportunity to residential buyers seeking to renovate a property to their own styling, or alternatively, to investors seeking a project. The property has not been inspected internally by the auctioneers, but they understand it to comprise three bedrooms, one reception room and one bathroom. Due to the internal condition of the property, viewings will not be taking place on health and safety grounds.

Accommodation

Three bedrooms, one reception room and one bathroom.

Location

Situated on Ardath Road, Kings Norton, Birmingham.

Tenure / Property Information

Tenure	Freehold
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The closest evidence comprises same-road freehold terraced sales at £155,000 and £167,000 in 2020, with older sales from £123,000 to £145,000. An indicative base GDV of £161,000 is derived from the two most recent same-road sales, with a £145,000–£167,000 evidence range. This is not a current formal valuation: the comparable bedroom details, condition and any market movement since 2020 are not supplied, and the subject property has not been internally inspected.

Investment Snapshot

Guide Price	£75,000 (plus fees)
HB Estimated GDV	£161,000

Strategy Recommendation

Proceed only after reviewing the legal pack and obtaining a robust works budget or inspection alternative. Do not rely on the guide, GDV estimate or a flip/BRRR return until the unknown internal condition and total costs are resolved.

Works Required

Internal improvement and renovation are indicated by the description, but the extent of works cannot be specified or costed because the auctioneers did not inspect internally and viewings are unavailable. Obtain the legal pack and an appropriate professional assessment before bidding.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

156, Ardath Road, Birmingham, Birmingham, B38 9pe 2020-07-17 · Terraced · Freehold	£167,000
154, Ardath Road, Birmingham, Birmingham, B38 9pe 2020-02-21 · Terraced · Freehold	£155,000
152, Ardath Road, Birmingham, Birmingham, B38 9pe 2017-11-24 · Terraced · Freehold	£145,000
148, Ardath Road, Birmingham, Birmingham, B38 9pe 2016-12-07 · Terraced · Freehold	£123,000
156, Ardath Road, Birmingham, Birmingham, B38 9pe 2016-05-27 · Terraced · Freehold	£130,000

Potential BRRR Position

Base GDV	£161,000
75% Refinance	£120,750

A 75% refinance against the indicative £161,000 base GDV would be £120,750. Cash-left-in and equity cannot be calculated because refurbishment costs, total project costs and the eventual purchase price are unknown. Internal condition and refinanceability remain unverified.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Condition, works cost and the final purchase price are also unknown. The stated guide plus buyer premium and admin charge is £78,540 before any disbursements or refurbishment.

Flip Analysis

The same-road sales provide an indicative resale range of £145,000–£167,000, with a £161,000 base GDV. A flip surplus cannot be calculated because refurbishment costs, purchase price beyond the guide and selling costs are unsupported. The historical comparable evidence also requires current valuation confirmation.

Investor Risks & Due Diligence

• The auctioneers have not inspected the property internally and viewings are unavailable on health and safety grounds.

• The extent and cost of the required improvement works are unknown.

• No reliable rental evidence or passing rent is supplied, so rental yield cannot be established.

• Comparable sales are from 2017–2020 and do not establish a current formal valuation.

• The final purchase price is uncertain because £75,000 is only the auction guide.

• Buyer premium and admin charge total £3,540, with additional possible disbursements, search fees, seller-cost reimbursement, legal fees and transfer fees.

Recommendation

Proceed only after reviewing the legal pack and obtaining a robust works budget or inspection alternative. Do not rely on the guide, GDV estimate or a flip/BRRR return until the unknown internal condition and total costs are resolved.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low-Medium

Same-road completed sales support an indicative GDV range, but the comparables are historical and lack bedroom/condition detail. Internal inspection is unavailable, while rent, refurbishment costs, current valuation and disbursements are not supplied.