43 Duxford Road, Great Barr, Birmingham, B42 2JD

Description

A vacant freehold semi detached property which has extension potential to the rear, subject to obtaining any necessary planning permission.

Accommodation

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

Location

Great Barr, Birmingham. The property stands back from the road behind a foregarden.

Tenure / Property Information

Investment Analysis

Five supplied Land Registry comparables on the same road range from £200,000 to £260,000, with the three most recent sales ranging from £225,000 to £252,000. The simple average of all five is £236,400. A base GDV of £236,400 is used, with £225,000 as a lower recent-comparable scenario and £252,000 as a higher recent-comparable scenario. The evidence does not establish the subject property's condition relative to the comparables.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, surveying the vacant property and establishing a supported works budget. Subject to those checks, the strongest initial case is a value-led BTL or BRRR assessment, while a flip should not be underwritten until works and selling costs are known.

Works Required

Obtain a full survey and assess the implications of the EPC F rating. Consider energy-efficiency improvements and investigate the stated rear extension potential, subject to obtaining any necessary planning permission. No refurbishment cost is estimated because the evidence does not describe the property's internal condition or required works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, 75% refinancing equates to £177,300. Compared with the £81,700 guide plus known administration charge, this indicates £95,600 before any refurbishment, finance, tax, legal, valuation or other completion costs. Because refurbishment costs and the property's condition are unsupported, the true cash requirement and cash released cannot be reliably assessed. The refinance figure is therefore illustrative only.

Buy-to-Let Analysis

The three advertised 3-bedroom rental listings support asking rents of £1,200–£1,350 pcm, equivalent to £14,400–£16,200 annually. Against the £79,000 guide, the indicative gross yield range is approximately 18.23%–20.51%. These are advertised rather than achieved rents, and a reliable net yield cannot be established because works, finance, management, maintenance, insurance, voids and taxes are not supplied. The known £2,700 administration charge is included in the £81,700 guide-plus-known-charge cost basis, but other costs are excluded.

Flip Analysis

The comparable evidence supports a base GDV of £236,400, but no refurbishment allowance, selling costs or full acquisition-cost schedule is available. A reliable flip surplus and maximum bid cannot therefore be calculated. The apparent difference between GDV and the guide is not a profit estimate.

Investor Risks & Due Diligence

• EPC rating F may require energy-efficiency expenditure, but the required works and cost are not supplied.

• The stated rear extension potential is subject to obtaining any necessary planning permission.

• The property is vacant, but its internal condition and any defects are not evidenced.

• The £2,700 administration charge is payable on the fall of the gavel, while additional legal-pack costs may apply.

• Stamp duty and government taxes are excluded from the supplied auction costs.

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

• The comparable sales range from £200,000 to £260,000, indicating valuation variation and uncertainty over comparability.

Recommendation

Proceed only after reviewing the legal pack, surveying the vacant property and establishing a supported works budget. Subject to those checks, the strongest initial case is a value-led BTL or BRRR assessment, while a flip should not be underwritten until works and selling costs are known.

Strategy Rating

Analysis Confidence

There is good same-road sold-price evidence, rental asking evidence and a stated guide price, but no condition survey, refurbishment costing, full legal-pack costs, achieved rent evidence or property-specific planning assessment.