51 Lottie Road, Selly Oak, Birmingham

Description

Three bedroom terraced house benefiting from a rear garden, well located for the amenities of Selly Oak, would benefit from modernisation, and vacant.

Accommodation

Ground Floor - Two Reception Rooms, Kitchen, Shower Room/WC. First Floor - Three Bedrooms.

Location

Situated in the popular residential area of Selly Oak, with local shops, supermarkets, cafés and restaurants nearby. Conveniently located for the University of Birmingham and Queen Elizabeth Hospital. Nearby green spaces include Selly Oak Park, while Selly Oak Shopping Park offers a wider selection of retail outlets and everyday amenities. Selly Oak railway station is approximately 0.2 miles away, providing regular connections to Birmingham city centre and the wider region.

Tenure / Property Information

Investment Analysis

Three same-road freehold terraced sales completed in 2025 achieved £255,000, £258,000 and £280,000, averaging approximately £264,333. These sales provide a useful indication, but bedroom count, size, condition and specification are not supplied, so the adopted base GDV is an estimate rather than a formal valuation. The 2020 sales at £210,000 and £212,500 are older evidence and are given less weight.

Investment Snapshot

Strategy Recommendation

Proceed only after a full viewing, quantified modernisation survey, rental appraisal and confirmation of all auction and seller charges. On the supplied evidence, no reliable bid ceiling or strategy return can be established.

Works Required

Modernisation is stated to be required, but no specific defects or scope are supplied. Further inspection is needed before budgeting works, including the kitchen, shower room/WC, finishes and services.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because refurbishment costs, achievable rent, finance costs and applicable acquisition charges are unavailable. At the adopted £264,000 GDV, 75% refinancing is approximately £198,000, but total project cost and cash left in cannot be calculated.

Buy-to-Let Analysis

A BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The property is vacant, so there is no stated passing income. Buyer fees, possible VAT and seller charges are also unresolved.

Flip Analysis

The recent same-road sales indicate a potential resale value range of £255,000 to £280,000, with a base estimate of £264,000. A flip surplus cannot be calculated because the modernisation budget, buyer fee, possible VAT, seller charges and selling costs are not supplied.

Investor Risks & Due Diligence

• Modernisation is required but its scope and cost are not supplied.

• The comparable sales do not include stated bedroom count, floor area or condition.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• The buyer fee is unspecified and VAT or additional seller charges may apply.

• The property is vacant and no current rental income is stated.

Recommendation

Proceed only after a full viewing, quantified modernisation survey, rental appraisal and confirmation of all auction and seller charges. On the supplied evidence, no reliable bid ceiling or strategy return can be established.

Strategy Rating

Analysis Confidence

Recent same-road sold evidence is available, but bedroom/size comparability, condition, refurbishment costs, rent, buyer fees, VAT and seller charges are incomplete.