67 Talbot Road, Smethwick

Description

A two bedroom mid terrace house. Externally, the property benefits from a rear garden. In need of modernisation. Vacant.

Accommodation

Ground Floor - Reception Room, Kitchen. First Floor - Two Bedrooms, Bathroom/WC.

Location

Located on Talbot Road, accessed off Bearwood Road. Local amenities can be found in Smethwick town centre, approximately 1 mile from the property. Recreational amenities include green spaces such as Victoria Park and Warley Woods Golf Course. Transport links via Smethwick stations and road links to the M5 and A38(M). Transport: Smethwick Rolfe Street - West Midlands Railway; Smethwick Galton Bridge - Chiltern Railways, West Midlands Railway.

Tenure / Property Information

Investment Analysis

Completed Land Registry comparables on Talbot Road range from £170,000 to £200,000: £200,000 on 30 January 2026, £185,000 on 1 August 2025, £184,000 on 22 March 2024 and £170,000 on 16 February 2024. These are terraced freehold sales, but bedroom count, specification and condition are not supplied. A base GDV of £185,000 is therefore used as an evidence-based midpoint, with low and high scenarios of £170,000 and £200,000. The subject requires modernisation, so its achieved value may differ from these comparables depending on works and specification.

Investment Snapshot

Strategy Recommendation

Proceed only subject to survey, a defined modernisation specification, contractor pricing and confirmation of all auction fees and special conditions. Do not rely on the apparent guide-to-GDV margin until these costs are known.

Works Required

Modernisation is required, but the supplied evidence does not identify specific defects or provide a scope of works. Obtain a full survey and contractor quotations before bidding; only evidenced works should be budgeted.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, 75% refinance is approximately £138,750. Total project cost cannot be calculated because refurbishment costs and the unspecified buyer premium, possible VAT and other charges are unknown. Refinance viability and cash left in therefore remain unquantified.

Buy-to-Let Analysis

BTL appraisal cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating surplus and maximum purchase price cannot be established. The property is vacant and requires modernisation.

Flip Analysis

The supplied completed sales support a potential resale value range of £170,000 to £200,000, with a base GDV of £185,000. A flip surplus cannot be calculated because modernisation costs, buyer premium, possible VAT, other charges and selling costs are not supplied.

Investor Risks & Due Diligence

• Modernisation scope and cost are not specified.

• No sufficiently specific rental evidence is available, preventing a reliable BTL yield assessment.

• Buyer premium is unspecified; VAT may apply and other seller charges may arise under the Special Conditions of Sale.

• Comparable sales do not include supplied bedroom count, internal area or condition details, so GDV may not precisely reflect the subject.

• Vacant possession is stated, but no further legal, structural or services information is supplied.

Recommendation

Proceed only subject to survey, a defined modernisation specification, contractor pricing and confirmation of all auction fees and special conditions. Do not rely on the apparent guide-to-GDV margin until these costs are known.

Strategy Rating

Analysis Confidence

Several directly comparable completed sales are available on the same road, but bedroom/specification comparability, refurbishment costs, rent, buyer fees and selling costs are missing.