24 Reedmace Close, Birmingham, West Midlands, B38 9QZ

Description

Leasehold first floor flat

Accommodation

One bedroom, reception room, kitchen, bathroom/WC

Location

The property is located on Reedmace Close. Shopping amenities can be found locally within Birmingham City Centre. Public transport links are available at Kings Norton Train Station to the north and Northfield Train Station to the north west, along with a network of local bus services serving the surrounding areas. The property is served by road links including the A441 to the west. Recreational pursuits can be found at Kings Norton Park.

Tenure / Property Information

Investment Analysis

The £78,000 figure is an auction guide, not a formal valuation. No completed-sale comparables or sufficiently specific rental evidence were supplied, so market value, GDV and investment returns cannot be reliably estimated. The flat has approximately 103 years remaining on the lease, but service charge, ground rent and review terms are unknown.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Proceed only after verifying condition, leasehold charges, seller fees, title and a supported resale or rental valuation.

Works Required

No defects or refurbishment requirements are stated. Before bidding, inspect the flat and obtain information on condition, service charge, ground rent, lease administration and any planned major works.

Rental & Market Context

Potential BRRR Position

BRRR cannot be assessed reliably because there is no supported GDV, rent, refurbishment budget or refinance valuation. The 103-year remaining lease term is noted, but service charge and ground rent information is outstanding.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence was supplied. Service charge and ground rent are also unknown, preventing a reliable net-cost assessment. The known minimum acquisition outlay at the guide is £79,800, comprising the £78,000 guide and £1,800 buyer contract documentation fee, before any seller fees, leasehold charges, finance or other costs.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale comparables, GDV, refurbishment allowance or supported selling-cost allowance were supplied. The guide should not be treated as evidence of resale value.

Investor Risks & Due Diligence

• No completed-sale comparables were supplied, so the auction guide cannot be benchmarked against market value.

• No sufficiently specific rental evidence was supplied, preventing yield and rent assessment.

• Annual service charge, ground rent and ground rent review details are unknown.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• Property condition and any required works are not stated.

• Leasehold title and associated management costs require verification despite approximately 103 years remaining.

Recommendation

Do not bid on the supplied evidence alone. Proceed only after verifying condition, leasehold charges, seller fees, title and a supported resale or rental valuation.

Strategy Rating

Analysis Confidence

The property description, lease term, guide price, EPC, council tax band and buyer documentation fee are supplied, but there are no sold comparables, specific rental comparables, condition details, refurbishment costs, service charge, ground rent, seller fees or GDV evidence.