Apartment 214 Highcroft Hall, Highcroft Road, Birmingham, West Midlands, B23 6GS

Description

Auction House Birmingham are proud to present this two bedroom apartment, situated in the impressive Highcroft Hall development. Making your way through the electric access gates to the fore, as you enter the main courtyard you are met by the truly imposing main building. An inviting entrance hallway leads to the stairs, eventually bringing you to apartment 214. Upon entering the property, you are met by a multi-layered flat, comprising in ascending order: Kitchen, Lounge/Diner, Family Bathroom, Bedroom 2, Bedroom 1 and its En-Suite shower room. The apartment presents itself as full of potential for those seeking to put their stamp on this slice of history, or, for investors looking to add an impressive addition to their Birmingham property portfolio. Whether you are a residential purchaser or investor, the appeal of the property is clear, and internal inspection is highly recommended indeed.

Accommodation

Lounge/Diner 4.07m x 5.75m; Kitchen 5.39m x 2.61m; Main Bathroom 2.16m x 1.71m; Bedroom Two 4.43m x 2.65m; Bedroom One 5.45m x 3.26m; En-Suite 1.63m x 1.99m

Location

Highcroft Hall development, Highcroft Road, Birmingham, West Midlands, B23 6GS. The development has electric access gates and a main courtyard.

Tenure / Property Information

Investment Analysis

Five completed sales at Highcroft Hall range from £100,000 to £150,000, with an average of £126,000 and median of £125,000. As the evidence does not identify the comparable apartment sizes, floors, condition or sale-specific features, £125,000 is used as the base GDV, with £100,000–£150,000 as evidence-supported low/high scenarios. The £65,000 guide is materially below these recorded sales, but condition, lease terms beyond the stated term, service charges and legal-pack matters remain unverified.

Investment Snapshot

Strategy Recommendation

Potential value-led purchase subject to internal inspection, legal-pack review and confirmation that service charges, lease provisions and all acquisition costs are acceptable. Do not rely on a BTL or flip strategy until rent, condition and full project costs are evidenced.

Works Required

Internal inspection is essential. The description indicates potential but does not establish any defects or a works scope, so refurbishment costs cannot be estimated from the supplied evidence. Confirm condition, service-charge position, lease restrictions and any required works through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £65,000 guide, the known buyer premium and administration charge add £3,720 before any disbursements, works or finance costs. A 75% refinance against the £125,000 base GDV would be approximately £93,750, but total project cost and cash left in cannot be calculated because works, finance, disbursements and other costs are unsupported.

Buy-to-Let Analysis

BTL cannot be properly assessed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating surplus and affordability cannot therefore be established. The investor must also verify service charges, ground rent, subletting provisions and other lease restrictions.

Flip Analysis

The completed-sale evidence supports a base GDV of £125,000 and a £100,000–£150,000 scenario range. However, refurbishment costs, selling costs, finance costs, disbursements and the apartment's exact condition are unknown, so a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Comparable sales are not matched by apartment number, size, floor, condition or specification.

• No rental evidence is available, so BTL yield and cash flow cannot be assessed.

• The property condition and any refurbishment requirement are unknown.

• Service charges, ground rent, reserve-fund obligations and other lease liabilities are not supplied.

• Disbursements, seller-cost reimbursements, legal fees, transfer fees and other auction costs may be payable.

• The lease is long but lease restrictions, including any subletting provisions, are unverified.

• The guide price is not a valuation and the auction purchase price may exceed the guide.

Recommendation

Potential value-led purchase subject to internal inspection, legal-pack review and confirmation that service charges, lease provisions and all acquisition costs are acceptable. Do not rely on a BTL or flip strategy until rent, condition and full project costs are evidenced.

Strategy Rating

Analysis Confidence

The analysis has five recent same-development completed sales and confirmed auction charges, but lacks specific comparable details, rental evidence, condition, works costs, service-charge information, EPC, legal-pack details and other project costs.