29 Daisy Road, Edgbaston, Birmingham, West Midlands, B16 9DY

Description

A traditional mid-terraced house of three story brick construction surmounted by a pitched tile clad roof having been completely refurbished and modernised throughout benefiting from UPVC double glazed windows, recently installed front door and combi gas central heating system. The property is located in an established residential area, popular with investors, on the outskirts of Birmingham City Centre situate close to Edgbaston Reservoir and approximately 1 mile North-west of Five Ways Train Station, 1.5 miles from Birmingham New Street Station and 2.9 miles South-east of Junction 1 of the M5.

Accommodation

Ground Floor Front Reception Room: 3.35m x 3.13m, Rear Reception Room: 3.72m x 3.35m, Kitchen: 2.88m x 1.67m, Rear Lobby, Bathroom with bath having shower over, wash basin and WC. First Floor Stairs and Landing, Bedroom One: 3.31m x 3.13m, Bedroom Two: 2.97m x 1.83m, Shower Room with shower cubicle, wash basin and WC. Second Floor Stairs to Bedroom Three: 3.33m x 2.99m.

Location

29 Daisy Road, Edgbaston, Birmingham, West Midlands, B16 9DY. 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: £155,000+

• Tenure: Freehold

• Condition: Presentable / improved

• Preferred strategy: Buy-to-Let / Resale

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Buy-to-Let / Resale. 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

• Snagging and maintenance allowance

• Gas/electrical certification

• Decoration touch-ups

• Landlord compliance if let

HB initial works allowance: £5,000–£10,000. 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 £1,250–£1,450 per month (£15,000–£17,400 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 £220,000–£250,000. 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 £155,000 purchase plus approximately £7,500 works gives an indicative project cost of about £162,500 before SDLT, legal, finance and auction charges. At the midpoint HB indicative value of £235,000, a purely illustrative 75% refinance would be about £176,250. 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 £235,000 less the £155,000 guide and midpoint works allowance of £7,500 gives an indicative gross spread of about £72,500 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

Recommendation

Initial recommendation: Buy-to-Let / Resale. 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

BRRR: ★★★★☆ | Buy-to-Let: ★★★★☆ | Flip: ★★★☆☆