284 Cooks Lane, Kingshurst, Birmingham, B37 6NE

Description

A vacant freehold semi detached property. The property stands back from the road behind a driveway and is in need of modernisation throughout.

Accommodation

Ground Floor: Porch, Hall, Through Reception Room, L Shaped Dining Kitchen. First Floor: Landing, Three Bedrooms, Bathroom/WC with Separate Shower Cubicle. Outside: Gardens and Driveway Parking.

Location

Kingshurst, Birmingham

Tenure / Property Information

Investment Analysis

Five supplied completed sales on Cooks Lane range from £233,000 to £290,000, with a simple average of £267,600. The £267,600 base GDV is an indicative evidence-based estimate only; the comparables may differ in condition, size and specification. The property is described as requiring modernisation throughout, but no refurbishment cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale should be investigated because the guide is materially below the supplied local completed sales, but proceed only after a survey, contractor pricing and full legal-pack review. BTL and BRRR decisions require rental and cost evidence.

Works Required

Modernisation throughout, as stated in the description. The supplied evidence does not identify specific defects or support a detailed works schedule or cost allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £95,000 guide, the known £2,700 administration charge would take the purchase price to at least £97,700 before refurbishment, buyer premium, other special-condition costs, taxes and finance. A 75% refinance against the indicative £267,600 base GDV would be £200,700, but cash left in cannot be calculated without supported refurbishment and transaction costs.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant and requires modernisation, so actual rent and letting costs remain unquantified.

Flip Analysis

The supplied completed sales support an indicative base resale value of £267,600, with observed evidence between £233,000 and £290,000. A flip surplus cannot be calculated because no refurbishment allowance, buyer premium, other acquisition costs or supported selling allowance is supplied.

Investor Risks & Due Diligence

• Modernisation is required throughout, but the extent and cost of works are not evidenced.

• Buyer premium and additional special-condition costs are unspecified.

• No sufficiently specific rental evidence is available, preventing a supported yield assessment.

• EPC details and legal-pack information have not been supplied.

• Comparable sale prices vary materially from £233,000 to £290,000 and may reflect differences not evidenced here.

Recommendation

Potential refurbishment-led resale should be investigated because the guide is materially below the supplied local completed sales, but proceed only after a survey, contractor pricing and full legal-pack review. BTL and BRRR decisions require rental and cost evidence.

Strategy Rating

Analysis Confidence

There are five relevant supplied completed sales and clear tenure, vacancy and accommodation details, but no EPC detail, rental evidence, refurbishment budget, buyer premium, full special-condition costs or selling costs.