38 Bayford Avenue, Sheldon, Birmingham

Description

A vacant freehold semi detached property, which may be suitable for development, subject to obtaining the necessary planning consents

Accommodation

Ground Floor: Hall, Reception Room, Dining Kitchen, Conservatory. First Floor: Landing, Three Bedrooms, Wet Room/WC. Outside: Driveway and Gardens.

Location

A semi detached property, standing back from the road behind a driveway and foregarden, in Sheldon, Birmingham.

Tenure / Property Information

Investment Analysis

The five supplied same-road freehold semi-detached sales range from £230,000 to £305,000. The three most recent sales were £250,000, £305,000 and £305,000. An evidence-led scenario range is £250,000 to £305,000, with a base GDV estimate of £280,000; condition, specification and size differences are unknown.

Investment Snapshot

Strategy Recommendation

Potential BTL/BRRR or resale opportunity only if the property can be acquired near the guide and inspection confirms acceptable condition. Set a bid limit after reviewing the legal pack, actual works and all completion costs; do not rely on the guide-price yield alone.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and review the legal pack/EPC before budgeting works. Any development or alteration works require the necessary planning consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £280,000 base GDV, 75% refinance is approximately £210,000. The potential refinance position appears substantial relative to the guide, but cash left in cannot be calculated because refurbishment costs, purchase price, taxes, finance and other completion costs are unsupported or unknown. Planning suitability and property condition require verification.

Buy-to-Let Analysis

Using the midpoint of the two advertised asking rents (£1,324 pcm), annual rent is approximately £15,888 and gross yield on the £40,000 guide is approximately 39.72%. This is guide-price-only analysis and excludes the £2,700 administration charge, purchase taxes, other costs, finance, voids and maintenance. Asking rents are not achieved rents, and the eventual purchase price is unknown.

Flip Analysis

The supplied comparables support a broad resale/GDV range of £250,000 to £305,000, with a £280,000 base scenario. A flip surplus cannot be calculated because the purchase price, refurbishment costs, selling allowance, taxes, finance and other transaction costs are not established.

Investor Risks & Due Diligence

• The property is described as potentially suitable for development only subject to obtaining necessary planning consents.

• No condition survey or specific refurbishment scope/cost is supplied.

• Rental figures are advertised asking rents rather than achieved rents.

• The £2,700 administration charge is payable, while additional special-condition costs are unknown.

• EPC details and other legal-pack information have not been supplied.

• GDV is based on comparable sales but property-specific differences in size, condition and specification are unknown.

Recommendation

Potential BTL/BRRR or resale opportunity only if the property can be acquired near the guide and inspection confirms acceptable condition. Set a bid limit after reviewing the legal pack, actual works and all completion costs; do not rely on the guide-price yield alone.

Strategy Rating

Analysis Confidence

There is useful same-road sold-price evidence, advertised rental evidence and a stated administration charge, but condition, EPC, legal-pack costs, planning prospects, achievable rent and final purchase price are unknown.