16 Spring Road, Edgbaston, Birmingham, West Midlands B15 2HG

Description

Offering considerable scope for transformation, this extended three-bedroom semi-detached house represents an appealing opportunity for purchasers seeking a property they can update and personalise. The property now requires a programme of improvement, providing its next owner with the chance to create a home suited to their own tastes and requirements. Its extended accommodation may appeal equally to residential purchasers searching for a rewarding project and investors considering refurbishment or future letting opportunities.

Accommodation

Ground Floor: Living Room 4.74m x 4.20m; Living Room 3.67m x 4.67m; Dining Room 2.93m x 3.81m; Kitchen 2.77m x 4.36m; Utility area 1.40m x 3.18m; Downstairs WC 1.40m x 1.49m. First Floor: Bedroom 1 2.94m x 4.83m; Bedroom 2 4.74m x 3.64m; Bedroom 3 3.69m x 3.62m; Bathroom 1.51m x 1.78m; WC 1.55m x 1.06m. Second Floor: Loft Room 4.73m x 4.21m.

Location

Spring Road occupies a convenient position on the city-facing side of Edgbaston, with shops, supermarkets and everyday amenities in the surrounding area. Public transport connections are available locally, including bus services around Spring Street, Stone Road and Bristol Road, Five Ways railway station, and the Five Ways West Midlands Metro stop.

Tenure / Property Information

• Tenure: Freehold
• EPC: Current Rating D
• Services: Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The supplied evidence includes three completed sales of semi-detached freehold properties on Spring Road, ranging from £300,000 in 2012 to £415,000 in 2018. These are relevant but dated, with no current comparable, guide price, floor-area comparison or formal valuation evidence. A current GDV cannot therefore be supported reliably.

Market Comparables

Recent HM Land Registry sold evidence

• 1. 18, SPRING ROAD, EDGBASTON, BIRMINGHAM, BIRMINGHAM, B15 2HG — £415,000 — 2018-01-12 — Semi-Detached — Freehold
• 2. 19, SPRING ROAD, EDGBASTON, BIRMINGHAM, BIRMINGHAM, B15 2HG — £340,000 — 2015-07-14 — Semi-Detached — Freehold
• 3. 18, SPRING ROAD, EDGBASTON, BIRMINGHAM, BIRMINGHAM, B15 2HG — £300,000 — 2012-07-17 — Semi-Detached — Freehold

Proposed Works

Undertake the programme of improvement described by the auction evidence, updating and personalising the accommodation. The supplied information does not identify specific defects, finishes, services or structural works, so no reliable cost allowance can be calculated.

Rental Value

• No sufficiently specific external rental comparable identified.

BTL Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, yield and BTL affordability cannot be established. The property is described as having future letting potential, but this is not evidence of achievable rent.

BRRR Analysis

A BRRR assessment cannot be completed because there is no purchase price, refurbishment budget, current GDV, rent evidence or finance-cost information. The 2% plus VAT buyer premium, £2,040 administration charge and any legal-pack disbursements would also need to be included once a purchase price is known.

Flip Analysis

A flip appraisal cannot be supported. The historic local sales provide context only and do not establish a current resale value; refurbishment costs and selling allowances are also unavailable.

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming the property’s condition and obtaining current valuation and refurbishment-cost evidence. Do not set a bid limit from the supplied data alone.

Strategy Rating

★★☆☆☆

Key Risks

• The property is described as requiring a programme of improvement, but the extent and cost of works are not evidenced.
• The supplied comparable sales are historic, with the latest dated January 2018, so they may not represent current value.
• No sufficiently specific rental evidence is available, preventing reliable yield analysis.
• Buyer premium, administration charge and possible legal-pack disbursements add to acquisition cost; disbursements are not quantified.
• The description refers to extended accommodation and a loft room, but no evidence is supplied regarding permissions, compliance or area measurement.

Analysis Confidence

Low-Medium

The property description, tenure, accommodation and historic local sales are supplied, but there is no guide price, current valuation, specific works schedule, rental evidence, occupancy detail or complete fee information.