16 Spring Road, Edgbaston, Birmingham, West Midlands

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 a variety of shops, supermarkets and everyday amenities available throughout the surrounding area. Birmingham city centre provides an extensive selection of shopping, dining and entertainment, including the Bullring and Grand Central, The Mailbox, Broad Street, Brindleyplace and the canals around Gas Street Basin. The wider Edgbaston area is also known for attractions such as Birmingham Botanical Gardens, Edgbaston Stadium and Cannon Hill Park, together with the University of Birmingham and the Queen Elizabeth Hospital. Public transport connections are available locally, with bus services operating from stops around Spring Street, Stone Road and Bristol Road. Five Ways railway station provides access to the regional rail network, while the Five Ways West Midlands Metro stop offers tram connections towards Birmingham city centre and beyond.

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 comparables are historic completed sales on Spring Road: £415,000 in January 2018, £340,000 in July 2015 and £300,000 in July 2012. They support local context but are not sufficiently current or detailed to establish a present-day GDV, particularly given the subject property's stated need for improvement. No supported low, base or high GDV is therefore provided.

Investment Snapshot

Guide Price

£310,000 (plus fees)

Strategy Recommendation

Do not bid on the available evidence alone. Proceed only after inspection, detailed legal-pack review and independent confirmation of current post-works value, refurbishment cost and achievable rent.

Works Required

A programme of improvement and updating is required, with the precise scope to be confirmed by inspection and review of the legal pack. The stated objective is to update and personalise the extended accommodation; no specific defects or costs are evidenced.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

18, Spring Road, Edgbaston, Birmingham, Birmingham, B15 2hg 2018-01-12 · Semi-Detached · Freehold	£415,000
19, Spring Road, Edgbaston, Birmingham, Birmingham, B15 2hg 2015-07-14 · Semi-Detached · Freehold	£340,000
18, Spring Road, Edgbaston, Birmingham, Birmingham, B15 2hg 2012-07-17 · Semi-Detached · Freehold	£300,000

Potential BRRR Position

BRRR analysis cannot be reliably quantified. A refinance figure requires a supported post-works GDV, while the works allowance and achievable rent are not evidenced. The stated buyer premium and administration charge would increase the acquisition cost, with further possible charges identified in the auction particulars.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs, current market value and additional completion costs are also unknown. The guide price is £310,000, with a buyer premium of £7,440 including VAT and a £2,040 administration charge, before any legal-pack disbursements or other special-condition charges.

Flip Analysis

A flip surplus cannot be calculated because no current GDV, refurbishment budget or supported selling allowance is supplied. The historic Spring Road sales provide context only and should not be treated as a current resale valuation. The property's stated improvement requirement and unknown legal-pack charges add uncertainty.

Investor Risks & Due Diligence

• Current GDV cannot be established from the historic comparables supplied.

• The refurbishment scope and cost are unknown despite the stated need for improvement.

• No sufficiently specific rental evidence is available, preventing a supported yield assessment.

• Buyer premium and administration charges add £9,480 including VAT to the guide-price purchase before any other charges.

• Legal-pack disbursements and other special-condition charges may become payable but are not quantified.

• Property condition and the extent of the extended accommodation require verification by inspection and legal review.

Recommendation

Do not bid on the available evidence alone. Proceed only after inspection, detailed legal-pack review and independent confirmation of current post-works value, refurbishment cost and achievable rent.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low-Medium

The property description, guide price, known auction charges and three historic local completed sales are available, but there is no current valuation evidence, refurbishment budget, rental evidence, occupancy detail or legal-pack disbursement schedule.