6 Blandford Road, Quinton, Birmingham

Description

A vacant freehold mid terraced property standing back from the road behind a foregarden. The property is in need of renovation.

Accommodation

Ground Floor: Hall, Reception Room, Kitchen, Rear Lobby, WC. First Floor: Landing, Three Bedrooms, Bathroom. Outside: Gardens.

Location

Quinton, Birmingham

Tenure / Property Information

Investment Analysis

Same-road freehold terraced comparables range from £110,000 to £180,000, with the most recent sale at £152,000 in September 2024. The comparables do not state bedroom count or condition, so the £152,000 base GDV is an estimate rather than a formal valuation. A supported scenario range of £110,000–£180,000 is indicated by the available sales evidence.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, legal-pack review and firm refurbishment quotations. Do not rely on the apparent flip margin or rental yield until costs and achievable rent are verified.

Works Required

Renovation is required, but the evidence does not specify the condition, scope or cost of works. A detailed inspection and contractor quotations are required before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV estimate of £152,000, a 75% refinance would be approximately £114,000. However, refurbishment costs and total project costs are unsupported, so cash required, equity created and refinance viability cannot be reliably calculated.

Buy-to-Let Analysis

Using the only supplied rental evidence of £300 pcm, annual rent is £3,600 and the gross yield on the £49,000 guide is approximately 7.35%, before the £2,700 administration charge, refurbishment, finance, tax and other costs. The rent is an advertised asking rent from Bleakhouse Road, Oldbury, rather than achieved rent for this property, so the total-cost yield cannot be established.

Flip Analysis

The available same-road sales indicate a broad GDV range of £110,000–£180,000, with £152,000 used as the base case. A flip surplus cannot be calculated because refurbishment costs and any supported selling allowance are unavailable. The £2,700 administration charge and any further special-condition costs must also be considered.

Investor Risks & Due Diligence

• The property is vacant and described as needing renovation, but the works scope and cost are unknown.

• The EPC is rated F, with no evidence supplied on the required improvement works or associated cost.

• The rental evidence is an advertised £300 pcm asking rent from a different road and area, not an achieved rent for this property.

• The comparable sales range widely from £110,000 to £180,000 and do not provide bedroom or condition details.

• A £2,700 administration charge applies, and further special-condition costs may be payable.

• No parking or heating details are supplied, limiting assessment of marketability and operating costs.

Recommendation

Proceed only after inspection, legal-pack review and firm refurbishment quotations. Do not rely on the apparent flip margin or rental yield until costs and achievable rent are verified.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and a guide price, but the comparables lack bedroom and condition details, refurbishment costs are absent, and the rental evidence is a single nearby asking rent rather than an achieved or property-specific rent.