55 Bloomfield Street North, Halesowen, West Midlands, B63 3RE

Description

Vacant freehold end of terrace house. Ground floor comprises two reception rooms, kitchen and shower room; first floor provides two-bedroom accommodation. Situated in a well-established and popular residential area with excellent transport links, including easy access to the M5 motorway.

Accommodation

Ground floor: two reception rooms, kitchen, shower room. First floor: two-bedroom accommodation.

Location

Situated in a well-established and popular residential area. The property is within easy reach of local shops, schools and amenities. Commuters benefit from excellent transport links, including easy access to the M5 motorway.

Tenure / Property Information

Investment Analysis

Nearby completed sales on the same street range from £140,000 to £320,000, with £183,000, £187,000 and £235,000 providing the more relevant central evidence. The £320,000 sale is materially higher and may reflect different size, condition or specification; these details are unavailable. A provisional HB range of £183,000–£235,000 is used, with £187,000 as the base GDV, subject to inspection and verification of comparability.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal review and a fully costed works assessment. Do not rely on the apparent guide-to-GDV margin until condition, fees and resale comparables are verified.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect the vacant house, including the kitchen, shower room, services, roof, structure, windows, heating and decoration, before estimating works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A provisional 75% refinance against the £187,000 base GDV would be £140,250. BRRR viability cannot be calculated because refurbishment cost, rent, purchase costs and other charges are unsupported. The guide is £115,000+, but the eventual auction price is unknown.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, but condition, operating costs, finance costs and any buyer or administration charges are also unknown.

Flip Analysis

The evidence indicates potential gross value above the guide, with a provisional base GDV of £187,000. However, no refurbishment allowance, buyer fees, selling allowance or condition assessment is available, so a reliable resale surplus cannot be calculated.

Investor Risks & Due Diligence

• Property condition and refurbishment requirements are not evidenced.

• No sufficiently specific rental evidence is available, so BTL income and yield are unverified.

• The completed comparables vary significantly in price and their size, condition and specification are unknown.

• Buyer, administration and other seller or third-party charges are unspecified.

• The final auction purchase price may exceed the £115,000+ guide.

Recommendation

Proceed only subject to inspection, legal review and a fully costed works assessment. Do not rely on the apparent guide-to-GDV margin until condition, fees and resale comparables are verified.

Strategy Rating

Analysis Confidence

There are several same-street completed sales, but property size, condition, specification, rental value, EPC, services and auction charges are not supplied, preventing reliable works, yield and profit calculations.