220 Pineapple Road, Stirchley, Birmingham, West Midlands, B30 2TY

Description

A three story semi-detached property of brick construction surmounted by a tiled roof set back from the road behind a lawned garden and driveway giving access to garage and allowing for off road parking. The property offers substantial accommodation including three reception rooms, three bathrooms and five bedrooms. The property offers potential to extend subject to obtaining the correct planning and further benefits from having majority UPVC double glazing, gas fired central heating and a dilapidated stable located to the rear of the property. The property is located on Pineapple Road between the junctions of Cartland Road and Vicarage Road and the property is within approximately walking distance to Pineapple Station giving direct access to Birmingham City Centre and the property is within close proximity to Camp Hill School

Accommodation

Ground Floor Entrance Porch, Entrance Hallway, Lounge: 4.52 x 3.81m, Rear Reception Room: 6.31 x 3.79m, WC: 1.82 x 2.05m having WC and wash basin, Breakfast Room: 2.85 x 3.82m with pantry cupboard: 0.89 x 1.84m, Kitchen: 2.00 x 2.23m, Lean-to: 4.19 x 1.79m having plumbing for washing machine and sink unit, Wet Room with shower: 1.45 x 1.23m First Floor Landing, Bedroom 1: 3.67 (max) x 6.58m (max), Bedroom 2: 4.25 x 3.80m, Bedroom 3: 2.40 x 4.45m, Bathroom having bath, wash basin and WC: 2.21 x 2.96m, Stairs Second Floor Bedroom 4: 3.26 x 3.80m, Bedroom 5: 3.67 x 3.79m, Store Room: 1.19 x2.98m

Location

220 Pineapple Road, Stirchley, Birmingham, West Midlands, B30 2TY. The Cottons particulars describe the property as being within an established local residential/commercial area with access to nearby shops, amenities and transport links.

Key Investment Considerations

• Guide Price: £360,000+

• Tenure: Freehold

• Condition: Condition to verify

• Preferred strategy: Refurbishment & Resale / Large-Family Let

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Refurbishment & Resale / Large-Family Let. This is based on the Cottons property description, current condition, tenure and the guide price. It should be tested against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Kitchen/bathroom upgrades

• Garage and stable condition

• Heating/electrical checks

• Decoration and flooring

• Investigate extension potential

HB initial works allowance: £35,000–£60,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

No current rent is stated in the Cottons particulars. For initial appraisal only, HB estimates market rent at approximately £1,800–£2,200 per month (£21,600–£26,400 per annum). This is an indicative market assumption, not an auctioneer-stated figure, and should be checked against current local lettings before bidding.

GDV / Resale Analysis

HB's indicative post-works / stabilised value range is £525,000–£600,000. This is an appraisal estimate only, not a RICS valuation. Confirm the figure using recent genuinely comparable sold evidence, adjusting for property type, condition, tenure, floor area, plot and any planning potential.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied Cottons scrape, so no unverified addresses or sold prices have been inserted. Before bidding, verify recent Land Registry sales for closely comparable properties in the same postcode and surrounding area.

Potential BRRR Position

Using a middle-case appraisal of £360,000 purchase plus approximately £47,500 works gives an indicative project cost of about £407,500 before SDLT, legal, finance and auction charges. At the midpoint HB indicative value of £562,500, a purely illustrative 75% refinance would be about £421,875. That would leave approximately £0 of purchase/works capital in the project before acquisition and finance costs. Lender valuation and rental stress testing will determine the actual refinance position.

Flip Analysis

A midpoint resale appraisal of £562,500 less the £360,000 guide and midpoint works allowance of £47,500 gives an indicative gross spread of about £155,000 before SDLT, auction fees, legal costs, finance, utilities, insurance, holding costs, selling fees and contingency. This gross spread is not profit and should only be used as an initial feasibility check.

Investor Risks & Due Diligence

• Review the full Cottons legal pack, title and special conditions before bidding

• Confirm buyer's premium / administration charges and completion timetable

• Obtain an appropriate structural or condition survey

• Verify refurbishment quotations and contingency before setting a maximum bid

• Verify current local rental evidence and recent sold comparables

• Confirm lender requirements, valuation assumptions and exit finance

• Verify planning permissions, conditions, building regulations, access and services

Recommendation

Initial recommendation: Refurbishment & Resale / Large-Family Let. The guide price may offer scope for value creation, but the investment case should only proceed if the legal pack, condition, rental evidence, finance and exit value all support the proposed maximum bid.

Strategy Rating

Income Investment: ★★★★☆ | Value Add: ★★★★☆ | Flip/Resale: ★★★☆☆