19 Tythe Barn Lane, Shirley, Solihull

Description

Auction House Birmingham are proud to present this two-bedroom upper-floor flat, situated in the popular area of Shirley. An appealing auction opportunity, the property could catch the eye of residential purchasers looking to make their home, or investors looking to add to their portfolio. Internal inspection is highly recommended.

Accommodation

Kitchen: 2.63m x 2.43m; Lounge/Diner: 6.27m x 3.36m; Main Bathroom: 1.92m x 2.09m; Bedroom 1: 3.61m x 3.52m; En-Suite: 1.23m x 1.42m; Bedroom Storage: 1.32m x 0.63m; Bedroom 2: 2.43m x 3.52m

Location

Situated in the popular area of Shirley. The wider area offers a lively mix of shops, cafés and restaurants, with Parkgate Shopping Centre adding further shopping and dining choices. Shirley Park offers green space, gardens and opportunities to enjoy the outdoors.

Tenure / Property Information

Tenure	Leasehold
Lease	999 Years from 1 July 1997
EPC	Current Rating C
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The available completed sales are for the same or nearby Tythe Barn Lane flats, but date from 2001, 2002 and 2014. The latest recorded sale for number 19 was £147,500 in January 2014, compared with the £170,000 guide, but these historic transactions do not support a reliable current GDV. No sufficiently specific rental comparable or auctioneer rent estimate is provided. The guide is subject to a £1,680 buyer premium, £2,040 administration charge and possible legal-pack disbursements.

Investment Snapshot

Guide Price

£170,000 (plus fees)

Strategy Recommendation

Treat as a due-diligence-led residential purchase rather than a priced investment opportunity. Inspect the flat, review the legal pack and confirm leasehold liabilities, then obtain current local valuation and rental evidence before bidding.

Works Required

No specific defects or refurbishment requirements are evidenced. Internal inspection is highly recommended before bidding, with any works allowance to be based on inspection and the legal pack.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

19, Tythebarn Lane, Shirley, Solihull, Solihull, B90 1rn 2014-01-07 · Flat/Maisonette · Leasehold	£147,500
19, Tythebarn Lane, Shirley, Solihull, Solihull, B90 1rn 2002-12-19 · Flat/Maisonette · Leasehold	£162,000
5, Tythebarn Lane, Shirley, Solihull, Solihull, B90 1rn 2002-11-07 · Flat/Maisonette · Leasehold	£162,000
5, Tythebarn Lane, Shirley, Solihull, Solihull, B90 1rn 2001-08-03 · Flat/Maisonette · Leasehold	£124,950

Potential BRRR Position

A BRRR assessment cannot be completed reliably because current GDV, rent, refurbishment costs and total acquisition costs are unsupported. The 999-year lease from 1 July 1997 is stated, but other leasehold costs and legal-pack liabilities are not provided.

Buy-to-Let Analysis

BTL performance cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The known guide price plus stated buyer and administration charges is £173,720 before any disbursements, finance, leasehold costs or works.

Flip Analysis

A flip surplus cannot be calculated. The available comparable evidence is historic, with the latest recorded sale in 2014, and no supported selling allowance, current GDV or works budget is available.

Investor Risks & Due Diligence

• Current GDV cannot be supported from the supplied evidence.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• Property condition is unknown and internal inspection is recommended.

• Buyer premium and administration charge apply, with further legal-pack disbursements potentially payable.

• Leasehold service charges, ground rent and other lease terms are not supplied.

Recommendation

Treat as a due-diligence-led residential purchase rather than a priced investment opportunity. Inspect the flat, review the legal pack and confirm leasehold liabilities, then obtain current local valuation and rental evidence before bidding.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low

The property description, lease term, guide and auction charges are provided, but condition, current valuation, rent, leasehold costs, council tax, parking, heating and legal-pack disbursements are not sufficiently evidenced. Available sales are materially historic.