16 Bromford Hill, Birmingham

Description

A vacant two bedroom maisonette. A two bedroom maisonette requiring improvement.

Accommodation

Ground Floor: Front door opening onto hall with stairs to first floor. First Floor: Landing, two bedrooms, shower room/WC, living room, kitchen. Outside: Communal gardens.

Location

Close to Perry Barr train station, supermarkets, Perry Hall Park, and Handsworth Grammar School.

Tenure / Property Information

Investment Analysis

The £50,000+ guide is the only purchase-price evidence supplied. No completed sold comparables or formal valuation evidence is available, so GDV and maximum bid cannot be established. The property is vacant, leasehold and described as requiring improvement. The £2,700 administration charge is known, while any further special-condition costs remain unknown.

Investment Snapshot

Strategy Recommendation

Treat as a conditional acquisition only. Obtain the legal pack, inspect the required improvements, confirm lease and service-charge terms, and secure local valuation and rental evidence before bidding. Do not rely on the guide price or supplied rental listings as proof of profitability.

Works Required

Inspect and price the improvement works identified by a survey, including the kitchen, shower room/WC, decoration, flooring and any required repairs to the gas central-heating system. Confirm all works after reviewing the property and legal pack; no specific defects or refurbishment costs are evidenced.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported GDV, refurbishment budget, subject-specific rent or evidence of refinance value. The 125-year lease from 24 June 1989 should be checked in the legal pack, including the remaining term, ground rent and service-charge provisions.

Buy-to-Let Analysis

BTL viability cannot be reliably established. The supplied rental listings are advertised asking rents for houses in different locations and are not achieved rents or direct maisonette comparables. No subject-specific rent, operating costs, finance costs or refurbishment budget is provided.

Flip Analysis

A flip surplus cannot be calculated because there are no completed sold comparables, GDV evidence, refurbishment costs, resale costs or other project costs. The £2,700 administration charge is payable in addition to the purchase price, with further special-condition costs unknown.

Investor Risks & Due Diligence

• The maisonette is described as requiring improvement, but the scope and cost of works are unknown.

• No completed sold comparables or formal valuation evidence are supplied.

• Rental evidence consists of advertised asking rents for houses in different locations, not achieved rents for this maisonette.

• Lease details beyond the headline term are not supplied; ground rent, service charges and other covenants require legal-pack review.

• Additional costs in the special conditions are unknown and payable on completion.

• The £50,000+ figure is only an auction guide and is not evidence of market value.

Recommendation

Treat as a conditional acquisition only. Obtain the legal pack, inspect the required improvements, confirm lease and service-charge terms, and secure local valuation and rental evidence before bidding. Do not rely on the guide price or supplied rental listings as proof of profitability.

Strategy Rating

Analysis Confidence

Only basic property particulars, a guide price and administration charge are supplied. There are no sold comparables, direct rental comparables, auctioneer rent estimate, refurbishment budget, GDV evidence or complete legal-pack costs.