71 Newcombe Road, Handsworth, Birmingham, West Midlands

Description

Residential for improvement. Situated in the popular Handsworth area of Birmingham, this Victorian mid terraced property would make an ideal purchase for an owner occupier or investor. With gas central heating (not tested) and double glazing the property requires some modernisation and improvement, whilst being conveniently located for all amenities.

Accommodation

Set back behind a small fore garden. Ground Floor: Porch leading into; Living Room 3.2m x 3.4m with bay to front; Rear Living Room 3.4m x 3.3m with stairs off; Kitchen 4m x 1.8m with range of units and door to outside. First Floor: Bedroom 1 3.4m x 3.2m; Bedroom 2 3.3m x 2.4m; Bathroom with white suite. Outside: Fore and rear Gardens.

Location

Situated in the popular Handsworth area of Birmingham and conveniently located for all amenities.

Tenure / Property Information

Tenure	Freehold
EPC	Current Rating C
Heating	Gas central heating (not tested)
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

Same-road completed sales range from £102,500 to £150,000, with the two most recent supplied sales at £108,000 in 2022 and £150,000 in 2023. A base GDV of £130,000 is used as an indicative estimate, with £108,000–£150,000 as an evidence-based scenario range. No comparable condition details or formal valuation are supplied, so no adjustment for this property's stated improvement requirement has been made.

Investment Snapshot

Guide Price	£65,000 - £85,000 (plus fees)
HB Estimated GDV	£130,000

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a priced works schedule. Treat as a potential owner-occupier or refurbishment project rather than an underwritten BTL investment until rent and costs are evidenced.

Works Required

Modernisation and improvement of the existing two-bedroom accommodation, including review and updating of the kitchen, bathroom and general finishes. The gas central heating is stated as not tested and requires inspection. No detailed schedule or cost evidence is supplied.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

13, Newcombe Road, Birmingham, Birmingham, B21 8dd 2023-02-08 · Terraced · Freehold	£150,000
69, Newcombe Road, Birmingham, Birmingham, B21 8dd 2022-04-11 · Terraced · Freehold	£108,000
95, Newcombe Road, Birmingham, Birmingham, B21 8dd 2021-02-11 · Terraced · Freehold	£130,000
55, Newcombe Road, Birmingham, Birmingham, B21 8dd 2020-09-15 · Terraced · Freehold	£105,000
7, Newcombe Road, Birmingham, Birmingham, B21 8dd 2020-05-21 · Terraced · Freehold	£102,500

Potential BRRR Position

Base GDV	£130,000
75% Refinance	£97,500

A provisional 75% refinance against the £130,000 base GDV would be £97,500. The feasibility of a BRRR strategy cannot be established because the purchase price, refurbishment allowance, total acquisition costs and achievable rent are unsupported.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Purchase costs, refurbishment costs and any potential legal-pack disbursements would also need to be confirmed.

Flip Analysis

The supplied same-road completed sales support an indicative post-works value range of £108,000–£150,000, with a £130,000 base GDV. Flip profitability cannot be calculated because the eventual purchase price, works cost and selling allowance are unknown.

Investor Risks & Due Diligence

• The property is described as requiring modernisation and improvement, but the scope and cost of works are not supplied.

• Gas central heating is not tested.

• No sufficiently specific rental evidence is available.

• Buyer premium, admin charges and possible legal-pack disbursements increase acquisition costs; disbursements are not quantified.

• Same-road sale prices vary materially and comparable condition details are unavailable.

Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a priced works schedule. Treat as a potential owner-occupier or refurbishment project rather than an underwritten BTL investment until rent and costs are evidenced.

Strategy Rating

HB Rating

★★★☆☆

Analysis Confidence

Confidence

Low-Medium

There are several relevant same-road completed sales and a stated freehold property description, but no rental evidence, refurbishment costings, detailed condition report, selected purchase price or complete legal-pack costs.