3 Seymour Road, Oldbury, West Midlands

Description

A Vacant Three Bedroom Mid Terrace House In Need of Refurbishment. The property comprises a three bedroom mid terrace house arranged over ground and first floors. By Order of the Executors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: Front and rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Warley Woods are within easy reach. Transport links are provided by Langley Green rail station.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £120,000 (2024) to £141,000 (2025), with earlier sales at £110,000 and £125,000. These comparables do not provide condition or specification details, so they support only an indicative, not formal, GDV range. The £135,000+ guide is before the £1,800 admin charge and any refurbishment or other legal-pack costs, and is above the central evidence-supported estimate.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence unless inspection, the legal pack and contractor quotations establish a materially lower all-in cost. The guide already exceeds the central comparable-based GDV before refurbishment.

Works Required

Refurbishment is required, but the evidence does not identify specific defects or provide a scope. A condition survey and contractor quotations are required before budgeting. The described accommodation comprises two reception rooms, kitchen, three bedrooms, bathroom and front and rear gardens.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because refurbishment costs, finance costs, legal-pack charges and achievable rent are unsupported. At the indicative £130,000 GDV, 75% refinancing equates to £97,500, before any lender-specific criteria or costs.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment costs, legal-pack disbursements and the total acquisition cost are also unknown. The property is vacant rather than supported by an existing passing rent.

Flip Analysis

A flip surplus cannot be calculated because the refurbishment allowance, selling costs and other acquisition costs are unknown. The indicative £130,000 base GDV is below the £135,000 guide before the known £1,800 admin charge, creating a negative margin before works and other fees.

Investor Risks & Due Diligence

• The property is explicitly described as needing refurbishment, but the extent and cost are unknown.

• The £135,000+ guide exceeds the £130,000 central GDV estimate before the £1,800 admin charge and other possible fees.

• No sufficiently specific rental evidence is available, so rental yield and BTL viability cannot be established.

• Special Conditions of Sale may impose additional search, seller-cost, legal, transfer or other disbursement charges.

• The comparable sales do not include condition or specification information, limiting the reliability of the GDV estimate.

Recommendation

Do not bid on the current evidence unless inspection, the legal pack and contractor quotations establish a materially lower all-in cost. The guide already exceeds the central comparable-based GDV before refurbishment.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and clear tenure, occupancy and accommodation data, but no condition detail, rental evidence, EPC, council tax, parking, heating, refurbishment quotation or complete fee schedule.