.png)
276 Highbridge Road, Sutton Coldfield, B73 5RB
2 bedroom end terraced house in Sutton Coldfield
276 Highbridge Road, Sutton Coldfield, B73 5RB
For Sale
£29,000+
Key Features
2 bedroom end terraced house in Sutton Coldfield
Guide price £29,000+
Status: For Sale
Tenure: Freehold
Current published income £8,400 pa
Preferred strategy: BRRR / Buy-to-Let
HB risk level: Medium
Description
A freehold end terraced residential investment property, converted into two self contained flats Current gross income: £8,700 pa. Addendum: current gross income is £8,400 p.a.
Location
276 Highbridge Road, Sutton Coldfield, B73 5RB Full listing coordinates are used for mapping: 52.547005, -1.839197.
Investment Analysis
Investment Snapshot
Guide Price | £29,000+ |
Likely Purchase Range | £29,000–£32,000 |
Approx. Size | Not established |
Tenure | Freehold |
Refurbishment Budget | £11,000–£22,000 |
Purchase + Works | £40,000–£54,000 |
Current Published Rent | £8,400 pa |
Current Gross Yield at Guide | 29.0% |
HB Estimated Market Rent | £675–£850 pcm |
HB Estimated Annual Rent | £8,100–£10,200 pa |
Gross Yield at Guide | 27.9%–35.2% |
Gross Yield on Total Cost | 15.0%–25.5% |
Estimated GDV / Value | £100,000–£155,000 |
LHA Benchmark | Not established in this pass; use the relevant BRMA where strategy warrants it |
75% GDV Refinance | £75,000–£116,250 |
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 £8,400 p.a. This is approximately 29.0% gross on the current guide. HB's working market-rent range is £675–£850 pcm (£8,100–£10,200 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 £100,000–£155,000. 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 £29,000–£32,000 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 £30,500 and mid-point works of £16,500, purchase + works is about £47,000 before SDLT, auction fees and finance. A 75% refinance on the HB £100,000–£155,000 end-value range is approximately £75,000–£116,250. At the mid-point, around £0 of purchase-and-works capital remains in the deal before acquisition/finance costs. HB BRRR rating: Strong.
Flip Analysis
Illustrative scenario: purchase £30,500, works £16,500, plus approximately £4,990 for acquisition, finance/holding and selling costs. Total working cost is about £51,990 against a mid-point end value of £127,500, giving an indicative pre-tax margin of £75,510 (59.2% of GDV). On these assumptions the flip is viable and is sensitive to bid competition, refurbishment overspend and resale evidence.
Investor Risks & Due Diligence
Addendum: current gross income is £8,400 p.a.
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 £29,000+. HB considers the deal strongest around £29,000–£32,000. Above approximately £32,000, 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/361280-property-auction-sutton-coldfield/ | https://www.bondwolfe.com/auction/3451/ | https://www.bondwolfe.com/addendum/
Auction Details :
Bond Wolfe
Auction Date :
10/09/26
Lot Number :
081
Property Location:
276 Highbridge Road, Sutton Coldfield, B73 5RB
View our Property Calculators:
-
BRRR Calculator - Estimate your potential returns after refurbishment and refinancing.
-
Buy to Let Calculator - Calculate rental yield, cash flow and potential return.
-
Property Development Calculator - Assess development costs, GDV and potential profit.
-
Build Cost Calculator - Estimate refurbishment, extension and construction costs.
-
Bridging Finance Calculator - Estimate borrowing costs and potential finance requirements.