472 Gillott Road, Edgbaston, Birmingham, B16 9LH

Description

A freehold semi detached block of 8 self contained apartments in Birmingham. Current gross income: £54,840 pa.

Location

472 Gillott Road, Edgbaston, Birmingham, B16 9LH Full listing coordinates are used for mapping: 52.473461, -1.951113.

Investment Analysis

Investment Snapshot

Works Required

• Services testing and compliance

• Targeted kitchen/bathroom repairs where required

• Decoration, flooring and joinery

• Roof/damp/windows/external repairs identified by survey

HB working works allowance: £11,000–£22,000. This is based on the auction description, accommodation and visible condition indicators; replace it with surveyor/contractor evidence before bidding.

Rental & Market Context

The auctioneer/addendum states current income of £54,840 p.a. This is approximately 11.0% gross on the current guide. HB's working market-rent range is £4,350–£5,475 pcm (£52,200–£65,700 p.a.). Compare the market range with the existing tenancy terms before assuming any uplift.

Sold within 5m radius

Reliable recent like-for-like sold comparables were not established from the supplied scrape for this individual property. No comparable addresses or prices have been invented. Before bidding, verify the HB end-value range against HM Land Registry / current local sold evidence, matching property type, size, tenure, condition and micro-location.

GDV Assessment

HB indicative end value is £650,000–£1,010,000. For residential/income assets this is derived from the working market-rent range and a local gross-yield band of approximately 6.5%–8.0%, then checked against the current guide. Confidence is medium because a property-level sold-comparable set has not yet been verified.

Strategy Recommendation

Preferred strategy: BRRR / Buy-to-Let. The working purchase range is £500,000–£540,000 and the works allowance is £11,000–£22,000. The key question is whether the legal pack, condition and local market evidence support the income/end-value assumptions without exhausting contingency.

Potential BRRR Position

Using a mid-point purchase of £520,000 and mid-point works of £16,500, purchase + works is about £536,500 before SDLT, auction fees and finance. A 75% refinance on the HB £650,000–£1,010,000 end-value range is approximately £487,500–£757,500. At the mid-point, around £0 of purchase-and-works capital remains in the deal before acquisition/finance costs. HB BRRR rating: Strong.

Flip Analysis

Illustrative scenario: purchase £520,000, works £16,500, plus approximately £58,200 for acquisition, finance/holding and selling costs. Total working cost is about £594,700 against a mid-point end value of £830,000, giving an indicative pre-tax margin of £235,300 (28.3% of GDV). On these assumptions the flip is viable and is sensitive to bid competition, refurbishment overspend and resale evidence.

Commercial / Mixed-Use Analysis

Review passing rent/ERV, lease length, tenant covenant, repairs, VAT, business rates, service charges, vacant possession and lender criteria. Appraise residential and commercial elements separately where mixed use.

Investor Risks & Due Diligence

• Read the complete Bond Wolfe legal pack and special conditions, including buyer/admin fees

• Verify title, tenure, lease length, tenancy agreements and vacant-possession status

• Replace HB works assumptions with surveyor/contractor pricing

• Confirm mortgage/bridging and insurance availability for the exact asset type

• Re-check local rents and property-level sold comparables immediately before bidding

Maximum Bid Analysis

Guide £500,000+. HB considers the deal strongest around £500,000–£500,000. Above approximately £500,000, the conservative end-value/refinance margin begins to weaken materially. This is an investment sensitivity indicator, not a valuation or instruction to bid.

Recommendation

Overall HB view: BRRR / Buy-to-Let. Risk level: Medium; analysis confidence: Medium. The principal sensitivities are end value, rent and refurbishment cost. Proceed only if legal and physical due diligence supports the assumptions and leaves adequate contingency.

Strategy Rating

Buy-to-Let/Income: ★★★★☆ | BRRR: ★★★☆☆ | Flip: ★★★☆☆

Research Sources

https://www.bondwolfe.com/auctions/properties/361294-property-auction-birmingham/ | https://www.bondwolfe.com/auction/3451/ | https://www.bondwolfe.com/addendum/