196 Tanworth Lane, Shirley, Solihull

Description

A vacant freehold detached property, which may be suitable for development subject to obtaining the necessary planning consents. A detached property which was formerly used as the caretaker’s house for the Sans Souci Training Centre, standing back from the road behind a gated driveway and foregarden.

Accommodation

Ground Floor: Porch, Entrance Hall, Two Reception Rooms, Kitchen, Pantry, Store, WC. First Floor: Landing, Three Bedrooms, Bathroom/WC. Outside: Gated driveway parking and large wrap-around garden.

Location

196 Tanworth Lane is situated in the popular residential area of Shirley, on the southern outskirts of Solihull. The property occupies a well-established position along Tanworth Lane and was formerly used as the caretaker’s house for the Sans Souci Training Centre. The surrounding area offers a good range of local shops, schools and everyday amenities, with Shirley and Solihull town centres providing extensive shopping, dining and leisure facilities. The property also benefits from excellent road links, with the A34 and A435 providing convenient access to Solihull, Birmingham and the wider West Midlands, while the M42 motorway is readily accessible for travel further afield.

Tenure / Property Information

Investment Analysis

The supplied completed sales are detached freehold properties on Tanworth Lane, ranging from £502,500 to £720,000, although they date from 2021–2022 and no floor areas, condition details or direct comparability information is provided. A broad evidence-based scenario range is therefore £502,500–£720,000, with £580,000 used as the base GDV estimate. This is not a formal valuation and does not reflect any unverified development uplift.

Investment Snapshot

Strategy Recommendation

Proceed only after legal-pack review, inspection and confirmation of achievable rent. A cautious buy-to-let assessment is more supportable than development or flipping because no planning consent, refurbishment scope or development valuation is evidenced.

Works Required

No specific refurbishment defects or works are evidenced. Allowance is required for inspection and any works identified after viewing. The potential for development should be investigated separately and is subject to planning consent; no development works or costs are assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide price, the guide plus known administration charge is £211,700 before works, stamp duty, finance and other special-condition costs. Using the £580,000 base GDV scenario, 75% refinance is £435,000, producing an indicative surplus over these known costs of £223,300 before finance, tax, works and other costs. This is highly sensitive to the unverified GDV, condition, lending valuation and planning position.

Buy-to-Let Analysis

Using the sole supplied advertised rent of £1,450 pcm, annual gross rent is £17,400. This implies approximately 8.3% gross yield on the £209,000 guide price, or 8.2% on the guide plus the known £2,700 administration charge. The rent evidence is for a three-bedroom semi-detached house and is an asking rent, so achieved rent and property-specific operating costs remain unverified.

Flip Analysis

The base GDV scenario is £580,000 against £211,700 of guide-price acquisition and known administration costs, before refurbishment, selling, finance, tax and other costs. A reliable flip surplus cannot be calculated because refurbishment costs and selling costs are not supplied. The older comparable evidence and lack of condition information make the apparent margin unreliable.

Investor Risks & Due Diligence

• The property may require works, but no condition assessment or refurbishment cost evidence is supplied.

• Any development potential is expressly subject to obtaining planning consent; no consent or scheme details are provided.

• The rent is an advertised asking rent for a semi-detached property, not an achieved rent for this detached property.

• Comparable sales are from 2021–2022 and no floor areas or condition information are supplied.

• Additional special-condition costs, stamp duty, government taxes, finance costs and selling costs are unknown.

• The auction price may exceed the £209,000 guide price, reducing yield and project margin.

Recommendation

Proceed only after legal-pack review, inspection and confirmation of achievable rent. A cautious buy-to-let assessment is more supportable than development or flipping because no planning consent, refurbishment scope or development valuation is evidenced.

Strategy Rating

Analysis Confidence

There is useful completed-sale evidence, a guide price, one asking-rent listing and a known administration charge, but the comparables are dated and lack size/condition details. No condition report, refurbishment budget, planning consent, finance costs, selling costs or full special-condition costs are supplied.