68 Edgewood Road, Rednal, Birmingham, B45 8SE

Description

A vacant freehold semi detached property standing back from the road behind a foregarden. The property is in need of refurbishment.

Accommodation

Ground Floor: Hall, Through Reception Room, Kitchen. First Floor: Landing, Two Bedrooms, Store, Bathroom, Separate WC. Outside: Gardens.

Location

Rednal, Birmingham

Tenure / Property Information

Investment Analysis

No HM Land Registry completed-sale comparables or other valuation evidence supplied. A reliable GDV, refurbishment budget, maximum bid and resale margin cannot therefore be established. The £25,000 guide is an auction guide, not a market valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, legal-pack review and confirmed refurbishment quotations. Treat the £650 pcm figure as an asking-rent indication, not an achieved rent. Do not set a bid ceiling without GDV and total-cost evidence.

Works Required

Refurbishment is required, but the evidence does not specify the defects or scope. Obtain a full inspection and contractor quotations covering the house, kitchen, bathroom/WC, finishes, services and gardens before bidding; no cost allowance is assumed.

Rental & Market Context

Potential BRRR Position

BRRR cannot be reliably assessed because there is no supported GDV, refurbishment budget or finance-cost evidence. The property is vacant and freehold, but refinance proceeds at 75% of GDV cannot be calculated.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £650 pcm, equating to £7,800 annually. Against the £25,000 guide this produces a headline gross yield of 31.2%, before the £2,700 administration charge, refurbishment, other completion costs, finance, tax, voids and management. Achieved rent and total project cost are unconfirmed, so an underlying yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale comparables, GDV or refurbishment cost are supplied. The known £2,700 administration charge and any additional special-condition costs would need to be included alongside purchase, works, taxes and selling costs.

Investor Risks & Due Diligence

• Refurbishment is required but its scope and cost are unknown.

• No completed-sale evidence is supplied to support market value or GDV.

• The £650 pcm figure is an advertised asking rent rather than an achieved passing rent.

• A £2,700 administration charge is payable, with further possible special-condition costs.

• The property is vacant and may require additional time and expenditure before letting.

• The property has EPC rating E; implications for letting should be checked against current requirements.

Recommendation

Proceed only after inspection, legal-pack review and confirmed refurbishment quotations. Treat the £650 pcm figure as an asking-rent indication, not an achieved rent. Do not set a bid ceiling without GDV and total-cost evidence.

Strategy Rating

Analysis Confidence

Basic property, tenure, vacancy, guide, administration charge and one rental asking price are supplied, but there are no sold comparables, quantified works, GDV, parking/heating details or special-condition costs.