7 Stockdale Place, Edgbaston, Birmingham, West Midlands

Description

Auction House Birmingham are proud to present this two bedroom upper floor flat in the sought-after area of Edgbaston. Requiring modernisation, the property offers an opportunity for investors seeking their next refurbishment project, with potential to explore resale or letting following improvement, subject to the lease terms and any necessary consents. The property may also appeal to residential purchasers looking to put their own stamp on a home in this established Birmingham suburb. Internal inspection of the property is highly recommended.

Accommodation

Kitchen: 3.90m x 3.50m; Lounge/Diner: 6.58m x 3.53m; Bedroom 1: 4.06m x 3.52m; Bedroom 2: 2.73m x 2.98m; Bathroom: 1.83m x 1.63m; WC: 0.87m x 1.97m.

Location

Edgbaston offers independent shops, cafés, bars and restaurants in Edgbaston Village, with shopping and dining options in Harborne. Birmingham Botanical Gardens is nearby, while Birmingham City Centre offers entertainment, shopping and nightlife. Transport connections include bus services along Hagley Road, road access via the A456, Edgbaston Village Metro stop and Five Ways railway station.

Tenure / Property Information

Investment Analysis

The supplied same-street completed sales range from £133,000 to £200,000, including £193,500 on 10 June 2025 and £200,000 on 20 September 2024. An indicative base GDV of £193,500 is used, with low and high scenarios of £133,000 and £200,000 respectively. These are not formal valuations: the comparable lease lengths, condition and accommodation details are not supplied, while this flat has approximately 39 years unexpired and requires modernisation.

Investment Snapshot

Strategy Recommendation

Potentially attractive on the guide price, but do not bid beyond a fully costed limit until the lease, condition, service charge, ground rent, consents, resaleability and all auction fees are verified. Consider BTL or BRRR only if lease and refurbishment due diligence support the strategy.

Works Required

Modernisation of the flat is indicated, but no itemised condition report or works specification is supplied. Internal inspection, lease review and confirmation of any required consents are necessary before costing works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £193,500 base GDV, 75% refinance proceeds would be approximately £145,125. The strategy cannot be fully assessed because refurbishment costs, service charges, ground rent, legal costs, buyer premium and other acquisition costs are not supplied. The approximately 39-year lease is a major refinance and resale consideration and must be investigated before bidding.

Buy-to-Let Analysis

The supplied advertised asking rents are £1,295–£1,400 pcm, equivalent to £15,540–£16,800 annually. Against the £75,000 guide, this indicates an ungeared gross yield of approximately 20.72%–22.40%, or 21.56% using the midpoint rent. This is not a net yield and does not allow for refurbishment, service charge, ground rent, finance, management, voids, tax or the short lease. Asking rents are not achieved rents.

Flip Analysis

The supplied completed sales suggest resale evidence between £133,000 and £200,000, but no refurbishment budget, selling allowance or detailed condition information is available. A flip surplus therefore cannot be calculated reliably. The short unexpired lease may materially affect both resale value and buyer or lender appetite.

Investor Risks & Due Diligence

• Approximately 39 years remain on the lease, creating potential valuation, mortgage, refinance and resale constraints.

• The property requires modernisation, but no inspection report or quantified works budget is supplied.

• The buyer premium is unspecified and additional search, seller-cost reimbursement, legal, transfer and disbursement charges may apply.

• Rental evidence consists of advertised asking rents rather than achieved rents or a passing tenancy.

• The supplied comparable sales do not include their lease lengths, condition or detailed specifications.

• Necessary lease consents and any restrictions affecting letting, alterations or resale have not been confirmed.

Recommendation

Potentially attractive on the guide price, but do not bid beyond a fully costed limit until the lease, condition, service charge, ground rent, consents, resaleability and all auction fees are verified. Consider BTL or BRRR only if lease and refurbishment due diligence support the strategy.

Strategy Rating

Analysis Confidence

Completed same-street sales and advertised rental evidence are available, but comparable lease details, property condition, refurbishment costs, ongoing flat charges, buyer premium and other transaction costs are missing.