226 Mary Street, Sparkbrook, Birmingham, West Midlands

Description

A Semi Detached Building Arranged to Provide Four Self Contained Flats (3 x One Bedroom, 1 x Two Bedroom) and a Bungalow to the Rear Fully Let Producing £46,500 Per Annum. The property comprises a semi detached building arranged to provide four self contained flats (3 x one bedroom, 1 x two bedroom) and a bungalow to the rear.

Accommodation

Four self-contained flats (3 x one bedroom, 1 x two bedroom) and a bungalow to the rear.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Calthorpe Park are within easy reach. Transport links are provided by Bordesley (BBS), Small Heath and Five Ways rail stations.

Tenure / Property Information

Investment Analysis

The £460,000+ guide implies a gross income yield of approximately 10.11% on the stated £46,500 annual rent. Supplied sold comparables are substantially older and do not provide a reliable current valuation for this five-unit property. No supported GDV or refurbishment-cost evidence is provided.

Investment Snapshot

Strategy Recommendation

Investigate as an income-producing multi-unit freehold investment, subject to legal, tenancy, compliance and cost verification. Do not bid beyond a separately modelled maximum without GDV and expenditure evidence.

Works Required

No specific refurbishment works are evidenced. Verify condition, statutory compliance, leases, utilities, fire safety and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because no supported GDV, refurbishment budget or refinance valuation is provided. The £1,800 buyer administration charge is known, while additional special-condition costs remain uncertain.

Buy-to-Let Analysis

The property is stated to be fully let at £46,500 per annum, equivalent to £3,875 pcm, producing approximately 10.11% gross yield against the £460,000 guide before fees, finance, operating costs, voids and management. No independent rental comparables or tenancy details are supplied.

Flip Analysis

A flip assessment cannot be completed because no supported resale GDV, refurbishment cost or selling-cost allowance is provided. The stated fully let income supports an income strategy more directly than a resale strategy.

Investor Risks & Due Diligence

• The stated £46,500 annual income is not supported by tenancy schedules or independent rental evidence.

• The property comprises four flats and a rear bungalow; legal, planning, licensing and building-compliance status should be verified.

• Special Conditions of Sale may create additional search, legal, transfer, seller-cost and disbursement charges.

• No refurbishment or ongoing operating-cost allowance is provided.

• The supplied sold comparables are historic and do not establish a current market value.

Recommendation

Investigate as an income-producing multi-unit freehold investment, subject to legal, tenancy, compliance and cost verification. Do not bid beyond a separately modelled maximum without GDV and expenditure evidence.

Strategy Rating

Analysis Confidence

Annual income, tenure, occupancy, unit arrangement and guide price are supplied, but there is no GDV, condition survey, works budget, tenancy documentation, rental comparable evidence or complete fee schedule.