384 Sarehole Road, Hall Green, Birmingham, B28 0AJ

Description

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

Accommodation

Ground Floor: Porch, Hall, Two Reception Rooms, Kitchen, Store. First Floor: Landing, Three Bedrooms, Bathroom/WC. Outside: Driveway, Garage and Gardens.

Location

The property occupies a prominent position on Sarehole Road in Hall Green, an established south Birmingham suburb. The surrounding area comprises a mix of residential and local commercial uses, with shops, convenience stores, food outlets and everyday amenities nearby. The property is also close to Swanshurst Park, one of Birmingham’s popular green spaces, while Birmingham city centre is approximately 5 miles away. The A34 and A4040 provide convenient access to the wider Birmingham road network, making this a well-positioned investment location.

Tenure / Property Information

Investment Analysis

The completed-sale evidence is highly dispersed: £247,000 and £265,000 nearby semi-detached sales in 2025, a £400,000 sale at 378 Sarehole Road in January 2026, and a £275,000 sale for this property in 2022. The £39,000 sale for this property in September 2024 appears materially different from the other evidence but its condition and circumstances are not supplied. A base GDV of £265,000 is therefore used, with £247,000 as a lower supported scenario and £400,000 as an upper scenario, subject to property condition and comparability.

Investment Snapshot

Strategy Recommendation

Do not bid solely on the headline discount. First review the legal pack, survey condition, title and planning potential. Subject to acceptable due diligence and a separately costed scope, the property may suit a refurbishment-led BTL or BRRR strategy; development potential should remain unassumed until consent is confirmed.

Works Required

No specific defects or refurbishment scope are evidenced. Obtain a full survey and assess the existing kitchen, bathroom, services, EPC and general condition before budgeting works. Any development or conversion proposal requires the necessary planning consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide plus the stated admin charge, the acquisition cost is £52,700 before works, taxes and other fees. A 75% refinance against the £265,000 base GDV would be £198,750, indicating £146,050 more than the stated acquisition cost before refurbishment and other costs. However, refurbishment costs, lender valuation, mortgage terms and achievable GDV are not established, so the apparent cash extraction is highly uncertain.

Buy-to-Let Analysis

The supplied advertised asking rent is £1,450 pcm, equivalent to £17,400 annually. Against the £50,000 guide the gross yield is 34.80%, or 33.02% against the £52,700 acquisition cost including the stated £2,700 admin charge. These figures exclude refurbishment, finance, tax, insurance, maintenance, voids and other completion costs, so they are not an all-in yield. The rent is advertised evidence rather than achieved rent.

Flip Analysis

Using the £265,000 base GDV and £52,700 acquisition cost including the admin charge gives £212,300 before works, selling costs, finance, tax and other fees. A reliable flip surplus cannot be calculated because no refurbishment budget or supported selling allowance is available. The broad comparable range also creates substantial resale-value uncertainty.

Investor Risks & Due Diligence

• Completed-sale values range from £247,000 to £400,000 nearby, with materially different evidence for the same property.

• The property is vacant and no detailed condition or refurbishment information is supplied.

• Any development suitability is subject to obtaining planning consent and cannot be assumed.

• The £1,450 pcm figures are advertised asking rents, not achieved or passing rent.

• Additional legal-pack costs, taxes, finance, insurance, maintenance, voids and selling costs are not quantified.

• The apparent refinance surplus depends on lender valuation, mortgage terms, achievable GDV and unknown works costs.

Recommendation

Do not bid solely on the headline discount. First review the legal pack, survey condition, title and planning potential. Subject to acceptable due diligence and a separately costed scope, the property may suit a refurbishment-led BTL or BRRR strategy; development potential should remain unassumed until consent is confirmed.

Strategy Rating

Analysis Confidence

There is useful completed-sale and rental evidence, but comparable values are widely dispersed and there is no condition report, refurbishment budget, planning outcome, full fee schedule or achieved-rent evidence.