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22 Wheatsheaf Road, Edgbaston, Birmingham, B16 0RY
A three storey detached property in Edgbaston
22 Wheatsheaf Road, Edgbaston, Birmingham, B16 0RY
For Sale
£300,000+
Key Features
A three storey detached property in Edgbaston
Guide price £300,000+
Status: For Sale
Tenure: Freehold
Current published income £28,740 pa
Preferred strategy: BRRR / Buy-to-Let
HB risk level: Medium
Description
A substantial freehold detached block comprising of 3 self contained flats Total Gross Income: £28,740 per annum. Addendum: property does not have a driveway or garage.
Location
22 Wheatsheaf Road, Edgbaston, Birmingham, B16 0RY Full listing coordinates are used for mapping: 52.477997, -1.945061.
Investment Analysis
Investment Snapshot
Guide Price | £300,000+ |
Likely Purchase Range | £300,000–£324,000 |
Approx. Size | Not established |
Tenure | Freehold |
Refurbishment Budget | £11,000–£22,000 |
Purchase + Works | £311,000–£346,000 |
Current Published Rent | £28,740 pa |
Current Gross Yield at Guide | 9.6% |
HB Estimated Market Rent | £2,275–£2,875 pcm |
HB Estimated Annual Rent | £27,300–£34,500 pa |
Gross Yield at Guide | 9.1%–11.5% |
Gross Yield on Total Cost | 7.9%–11.1% |
Estimated GDV / Value | £340,000–£530,000 |
LHA Benchmark | Not established in this pass; use the relevant BRMA where strategy warrants it |
75% GDV Refinance | £255,000–£397,500 |
Suggested Strategy | BRRR / Buy-to-Let |
Risk Level | Medium |
Analysis Confidence | Medium |
Works Required
Services testing and compliance
Targeted kitchen/bathroom repairs where required
Decoration, flooring and joinery
Roof/damp/windows/external repairs identified by survey
HB working works allowance: £11,000–£22,000. This is based on the auction description, accommodation and visible condition indicators; replace it with surveyor/contractor evidence before bidding.
Rental & Market Context
The auctioneer/addendum states current income of £28,740 p.a. This is approximately 9.6% gross on the current guide. HB's working market-rent range is £2,275–£2,875 pcm (£27,300–£34,500 p.a.). Compare the market range with the existing tenancy terms before assuming any uplift.
Sold within 5m radius
Reliable recent like-for-like sold comparables were not established from the supplied scrape for this individual property. No comparable addresses or prices have been invented. Before bidding, verify the HB end-value range against HM Land Registry / current local sold evidence, matching property type, size, tenure, condition and micro-location.
GDV Assessment
HB indicative end value is £340,000–£530,000. For residential/income assets this is derived from the working market-rent range and a local gross-yield band of approximately 6.5%–8.0%, then checked against the current guide. Confidence is medium because a property-level sold-comparable set has not yet been verified.
Strategy Recommendation
Preferred strategy: BRRR / Buy-to-Let. The working purchase range is £300,000–£324,000 and the works allowance is £11,000–£22,000. The key question is whether the legal pack, condition and local market evidence support the income/end-value assumptions without exhausting contingency.
Potential BRRR Position
Using a mid-point purchase of £312,000 and mid-point works of £16,500, purchase + works is about £328,500 before SDLT, auction fees and finance. A 75% refinance on the HB £340,000–£530,000 end-value range is approximately £255,000–£397,500. At the mid-point, around £2,250 of purchase-and-works capital remains in the deal before acquisition/finance costs. HB BRRR rating: Strong.
Flip Analysis
Illustrative scenario: purchase £312,000, works £16,500, plus approximately £33,660 for acquisition, finance/holding and selling costs. Total working cost is about £362,160 against a mid-point end value of £435,000, giving an indicative pre-tax margin of £72,840 (16.7% of GDV). On these assumptions the flip is viable and is sensitive to bid competition, refurbishment overspend and resale evidence.
Commercial / Mixed-Use Analysis
Review passing rent/ERV, lease length, tenant covenant, repairs, VAT, business rates, service charges, vacant possession and lender criteria. Appraise residential and commercial elements separately where mixed use.
Investor Risks & Due Diligence
Addendum: property does not have a driveway or garage.
Read the complete Bond Wolfe legal pack and special conditions, including buyer/admin fees
Verify title, tenure, lease length, tenancy agreements and vacant-possession status
Replace HB works assumptions with surveyor/contractor pricing
Confirm mortgage/bridging and insurance availability for the exact asset type
Re-check local rents and property-level sold comparables immediately before bidding
Maximum Bid Analysis
Guide £300,000+. HB considers the deal strongest around £300,000–£300,000. Above approximately £300,000, the conservative end-value/refinance margin begins to weaken materially. This is an investment sensitivity indicator, not a valuation or instruction to bid.
Recommendation
Overall HB view: BRRR / Buy-to-Let. Risk level: Medium; analysis confidence: Medium. The principal sensitivities are end value, rent and refurbishment cost. Proceed only if legal and physical due diligence supports the assumptions and leaves adequate contingency.
Strategy Rating
Buy-to-Let/Income: ★★★★☆ | BRRR: ★★★☆☆ | Flip: ★★★☆☆
Research Sources
https://www.bondwolfe.com/auctions/properties/361355-property-auction-birmingham/ | https://www.bondwolfe.com/auction/3451/ | https://www.bondwolfe.com/addendum/
Auction Details :
Bond Wolfe
Auction Date :
10/09/26
Lot Number :
057
Property Location:
22 Wheatsheaf Road, Edgbaston, Birmingham, B16 0RY
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