37 Bedford Road, Sutton Coldfield, West Midlands

Description

Freehold semi-detached house with potential, offered vacant. The property comprises two reception rooms, a kitchen through to store, garage, three bedrooms, bathroom and separate WC. It includes a driveway providing additional off-street parking and front and rear gardens. The site extends to approximately 0.07 hectares (0.17 acres), with GIA of approximately 125.05 sq m (1,346 sq ft). Potential for extensions is subject to obtaining all necessary consents.

Accommodation

Ground floor: two reception rooms, kitchen through to store and garage. First floor: three bedrooms, bathroom and separate WC.

Location

The property is situated on the west side of Bedford Road, south of its junction with Cotysmore Road. Sutton Coldfield town centre and its shops and amenities are less than a mile away to the south-west. Sutton Coldfield station provides regular services to Birmingham New Street station, with an average journey time of 21 minutes. The A38 and M6 Toll motorway are accessible to the east. Rectory Park is within a short walk, Sutton Park is accessible, and Good Hope Hospital is close by.

Tenure / Property Information

Investment Analysis

The only relatively recent comparable supplied is 41 Bedford Road, a freehold semi-detached house sold for £422,500 in May 2021. The older sales of the same property were £238,000 in 2008 and £93,000 in 1997. This provides a useful local reference, but the comparable is a different property, the evidence is dated, and the subject property's condition is not supplied. £422,500 is therefore an indicative base GDV only, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment basis until condition, current resale evidence, rent and all auction charges are verified. The property may suit an owner-occupier or refurbishment-led strategy, subject to survey and price discipline.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full survey and inspect the kitchen, store, garage, bathrooms, services, gardens and structure before budgeting. Any extension would require the necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the indicative £422,500 base GDV would be £316,875. However, refurbishment costs, acquisition charges, rental income and total project cost are unknown, so cash left in and viability cannot be calculated. Confirm condition, rent and all special-condition costs before bidding.

Buy-to-Let Analysis

BTL underwriting cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Gross rent and yield cannot be established. The property is vacant, but operating costs, finance costs and acquisition charges are also not supplied.

Flip Analysis

The £422,500 sale of 41 Bedford Road provides an indicative resale reference, but it is a different property and dates from 2021. Without a condition-led works budget, current resale evidence, acquisition costs and selling allowance, flip surplus cannot be calculated reliably.

Investor Risks & Due Diligence

• The subject property's condition and required works are not evidenced.

• The £422,500 comparable is a different property and was sold in May 2021.

• No sufficiently specific rental evidence or passing rent is supplied.

• Buyer premium, administration charges and other potential fees are unspecified.

• Potential extensions are subject to obtaining all necessary consents.

• EPC, council tax and heating information are not supplied.

Recommendation

Do not bid on an investment basis until condition, current resale evidence, rent and all auction charges are verified. The property may suit an owner-occupier or refurbishment-led strategy, subject to survey and price discipline.

Strategy Rating

Analysis Confidence

The property description, tenure, size, vacancy and one local comparable are supplied, but condition, EPC, rent, current comparable evidence, refurbishment costs and buyer or seller charges are absent.