303 Rocky Lane, Great Barr, Birmingham

Description

A vacant freehold semi detached property which stands back from the road behind a foregarden. The property has double glazing however is in need of modernisation works throughout.

Accommodation

Ground Floor: Hall, Two Reception Rooms, Kitchen. First Floor: Landing, Three Bedrooms, Bathroom/WC. Outside: Gardens.

Location

Great Barr, Birmingham

Tenure / Property Information

Investment Analysis

The supplied completed sales on Rocky Lane range from £165,000 to £231,000. The most recent evidence is £231,000 for 281 Rocky Lane on 20 March 2026, while the other sales range from £170,000 to £195,000. As the subject property is vacant and requires modernisation throughout, a base GDV of £195,000 is used, with a low scenario of £170,000 and high scenario of £231,000. The evidence does not confirm the condition or specification of the comparables, so this is an indicative range rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only to detailed legal and refurbishment due diligence. A refurbishment-led resale may be viable if the required works are modest and the purchase price remains close to the guide, but the absence of a costed works scope, rent evidence and full auction costs prevents a firm investment recommendation.

Works Required

Modernisation throughout, as stated in the description. The evidence does not specify individual defects, required systems works, finishes or a costed scope, so no detailed works budget can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £50,000 guide plus the known £2,700 administration charge only gives an indicative pre-works cost of £52,700. At a £195,000 base GDV, 75% refinance would be £146,250, leaving an indicative £94,250 surplus over this incomplete cost figure. This is not a reliable cash-left-in calculation because refurbishment, finance, tax, legal, selling and other completion costs are unsupported and excluded.

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, and the EPC is F; no rental, compliance or upgrade costs are evidenced.

Flip Analysis

The comparable evidence indicates a possible resale value around £170,000–£231,000, with £195,000 used as the base GDV. However, refurbishment costs and selling costs are not supplied, so a reliable flip surplus and maximum bid cannot be calculated. The apparent margin over the guide should not be treated as profit.

Investor Risks & Due Diligence

• The property requires modernisation throughout, but the extent and cost of works are unknown.

• EPC F may indicate a need for energy-performance improvements, although specific requirements and costs are not supplied.

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

• The £2,700 administration charge is known, but additional special-condition costs, tax and other completion costs are not provided.

• The comparable sales vary materially from £165,000 to £231,000 and their condition and specification are not supplied.

• The property is vacant, so there is no passing rent or existing income to verify.

Recommendation

Proceed only to detailed legal and refurbishment due diligence. A refurbishment-led resale may be viable if the required works are modest and the purchase price remains close to the guide, but the absence of a costed works scope, rent evidence and full auction costs prevents a firm investment recommendation.

Strategy Rating

Analysis Confidence

Completed sales and the guide price are available, but there is no rental evidence, no quantified refurbishment scope, no refurbishment budget, no selling allowance and no full schedule of auction or completion costs.