60B, Ardath Road, Kings Norton, Birmingham, B38 9PH

Description

A vacant freehold detached bungalow. A detached bungalow which stands back from the road behind a large driveway foregarden. The property benefits from having double glazing, eco energy efficient heating, instant hot water, new kitchen and bathroom and decorated throughout.

Accommodation

Ground Floor: Hall, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC with Shower. Outside: Gardens and Large Driveway.

Location

Kings Norton, Birmingham

Tenure / Property Information

Investment Analysis

The strongest evidence is the same property sold for £125,000 on 1 July 2025. The £151,000 sale of 60A is older, from 2016, while the £127,500 sale of 60C is from 2007. A base GDV of £125,000 is therefore reasonable but subject to limited comparable evidence and confirmation that the stated condition remains accurate.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR purchase only if the £950 pcm rent can be validated for this bungalow and the legal pack confirms no material additional costs. Avoid relying on the apparent margin without confirming condition, valuation and finance terms.

Works Required

No refurbishment works are evidenced: the property is described as having a new kitchen and bathroom and being decorated throughout. Verify condition, services, EPC implications and legal-pack requirements before bidding; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £125,000 base GDV, a 75% refinance equates to £93,750. Against the £95,000 guide plus the £2,700 administration charge, this leaves an indicative £3,950 difference before finance, tax, works and other completion costs. This is not a confirmed refinance outcome and would be sensitive to valuation, lender criteria and any unpriced costs.

Buy-to-Let Analysis

At the £95,000 guide, the advertised £950 pcm rent equates to £11,400 annually and a 12.00% gross yield. Including the £2,700 administration charge, the known-cost basis is £97,700 and the gross yield is 11.67%. The rent is an advertised asking rent for a two-bedroom flat in B38, not an achieved rent for this bungalow, and excludes operating costs, finance, tax and any additional legal-pack costs.

Flip Analysis

The base GDV is £125,000 against a known-cost basis of £97,700 at the guide, comprising the guide price and administration charge only. No refurbishment allowance, selling-cost allowance, finance cost, tax or other Special Conditions costs are evidenced, so a reliable flip surplus cannot be established.

Investor Risks & Due Diligence

• The £950 pcm figure is an advertised asking rent for a two-bedroom flat, not an achieved rent for this bungalow.

• No refurbishment or maintenance cost allowance is supported by the evidence.

• Additional completion costs may be listed in the Special Conditions and are not quantified.

• The EPC is rated E, but no evidence is provided on required improvement works or associated costs.

• The base GDV relies principally on one recent same-property sale, with the other comparables being materially older.

• Finance, tax, insurance, management, voids and selling costs are excluded from the gross-yield and BRRR calculations.

Recommendation

Potential BTL or BRRR purchase only if the £950 pcm rent can be validated for this bungalow and the legal pack confirms no material additional costs. Avoid relying on the apparent margin without confirming condition, valuation and finance terms.

Strategy Rating

Analysis Confidence

There is a recent same-property sale and one advertised rental figure, but rental evidence is for a flat, refurbishment costs and selling costs are unavailable, and additional auction costs depend on the legal pack.