79 Lyde Green, Halesowen, B63 2PS

Description

A vacant freehold semi detached property.

Accommodation

Ground Floor: Hall, Reception Room with Dining Area, Kitchen. First Floor: Landing, Three Bedrooms, Shower Room/WC. Outside: Gardens and Garage.

Location

Elevated from the road behind a foregarden.

Tenure / Property Information

Investment Analysis

The supplied same-street sold comparables range from £188,000 to £225,000. The strongest and most recent evidence is 71 Lyde Green at £225,000 in November 2024, while the other evidence ranges from £165,000 in 2017 to £206,000 in 2019. A base GDV of £206,000 is used as a cautious evidence-based midpoint, with a low scenario of £188,000 and high scenario of £225,000. Actual condition, specification and any differences between the subject and comparables are not provided, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Investigate as a potential value-add or resale opportunity, but do not bid on GDV alone. Obtain the legal pack, inspect the vacant property, establish works and all acquisition costs, and secure rental evidence before committing.

Works Required

No specific defects or refurbishment requirements are evidenced. A full inspection should establish whether any works are required beyond routine preparation, since the property is vacant and only its accommodation, EPC D rating and services are described.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £206,000 base GDV, 75% refinance is £154,500. However, cash left in cannot be calculated reliably because refurbishment costs, purchase taxes, finance costs and any further buyer costs are not supplied. The £59,000+ guide and £2,700 administration charge indicate a potentially substantial gross-value discount, subject to verification of condition and legal matters.

Buy-to-Let Analysis

BTL cannot be assessed quantitatively because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The £2,700 administration charge is payable in addition to the purchase price, and any further legal-pack costs, taxes and property costs are unknown.

Flip Analysis

The supplied evidence indicates a base GDV of £206,000, but a flip surplus cannot be calculated because refurbishment costs, selling costs, purchase taxes and other completion costs are unavailable. The value range is also based on comparables rather than a formal valuation and may not reflect the subject property's condition.

Investor Risks & Due Diligence

• Property condition and required works are not described.

• No sufficiently specific rental evidence is available.

• The £59,000 guide is plus and may not represent the final purchase price.

• A £2,700 administration charge is payable, with additional legal-pack costs potentially payable on completion.

• Stamp duty or other government taxes are excluded and not quantified.

• Comparable sale prices vary materially and may not match the subject property's condition or specification.

Recommendation

Investigate as a potential value-add or resale opportunity, but do not bid on GDV alone. Obtain the legal pack, inspect the vacant property, establish works and all acquisition costs, and secure rental evidence before committing.

Strategy Rating

Analysis Confidence

There are several same-street freehold semi-detached sold comparables and clear auction cost information, but condition, rental evidence, refurbishment costs, selling costs and further legal-pack costs are not supplied.