369-373 Stockfield Road, Yardley, Birmingham, West Midlands, B25 8JP

Description

A freehold investment opportunity prominently situated at the junction of Stockfield Road and Waterloo Road and of two storey brick construction surmounted by a pitched tile clad roof, comprising a barber shop, estate agents offices, a cafe and three self contained flats. The property benefits from part UPVC double glazed windows and is long established as an investment. Tenancy Information Number 369: Let as a gents hairdressers on a Licence at a rent of £300 pcm (£3,600 per annum) Flat 369: Let on an Assured Periodic Tenancy at a rental of £350 pcm (£4,200 per annum) Number 371: Let as an Estate Agent Office on a Licence at a rental of £400 pcm (£4,800 per annum) Flat 371: Let on an Assured Periodic Tenancy at a rental of £475 pcm (£5,700 per annum) Number 373: Let as a Cafe on a Licence at a rental of £500 pcm (£6,000 per annum) Flat 373: Let on an Assured Periodic Tenancy at a rental of £695 pcm (£8,340 per annum) Total Rental Income: £32,640 per annum

Accommodation

Ground Floor Number 369 Turkish Barber Shop: 11.46sq.m (123 sp.ft), Staff Room: 8.38sq.m (90 sq.ft), Toilet with WC and wash basin. Number 371 Estates Agents Office: 16.39sq.m (176 sq.ft) with Entrance Lobby, Rear Office: 10.58sq.m (114 sq.ft), Store Room: 7.65sq.m (82 sq.ft) including toilet, WC and wash basin, Rear Hallway,

Location

369-373 Stockfield Road, Yardley, Birmingham, West Midlands, B25 8JP. 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: £300,000+

• Tenure: Freehold

• Condition: Condition to verify

• Preferred strategy: Mixed-Use Income Investment

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Mixed-Use Income Investment. 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

• Review all commercial licences and residential tenancies

• Fire-safety and compliance checks

• Common parts and roof maintenance

• Targeted unit upgrades between tenancies

HB initial works allowance: £20,000–£40,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

The Cottons particulars state current rental income of approximately £32,640 per annum. For initial appraisal only, HB estimates market rent at approximately £3,000–£3,333 per month (£36,000–£40,000 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 £400,000–£500,000. 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

For this commercial/mixed-use property, focus on sustainable rent, lease quality, vacancy and investment yield rather than a standard residential BRRR refinance. HB's indicative stabilised annual income range is £36,000–£40,000.

Flip Analysis

A resale or conversion strategy requires specialist commercial/residential comparable evidence, planning confirmation and a detailed cost plan. HB's broad indicative value range is £400,000–£500,000, but this is not a formal valuation.

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

• Verify tenancy agreements, deposits, rent history and landlord compliance

Recommendation

Initial recommendation: Mixed-Use Income Investment. 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

Income Investment: ★★★★☆ | Value Add: ★★★★☆ | Flip/Resale: ★★★☆☆